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Sabre officially launches All Weather Newcits

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Having first reported last month that Sabre Fund Management was close to launching its inaugural newcits – the Sabre All Weather Fund – last week saw it officially go live. It’s been a long process, the firm first announcing its plans back last May, but as Sabre’s managing principal Melissa Hill told Hedgeweek, “The launch has taken slightly longer than we expected, but this seems to be fairly standard.” Luxembourg Financial Group’s UCITS platform, Liquid Alpha UCITS Platform (LAUP) is hosting the Lux-domiciled SICAV, which will rank pari passu with Sabre’s flagship USD503million offshore equity market neutral Sabre Style Arbitrage hedge fund. Target returns in the All Weather newcits are 10 per cent to 15 per cent p.a. with 6 per cent to 7 per cent target volatility. Sabre considers itself “style agnostic” meaning it follows whatever market themes emerge, using three uncorrelated alpha engines to capture both long-term economic and short-term behavioural trends. Since inception in 2002, the offshore hedge fund has generated returns of cash plus six per cent on average. Minimum investment into the All Weather newcits is GBP1000 plus a 2.15 per cent annual management fee, with Gemini Investment Management appointed as the fund’s UK wholesale distributor.

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