RE: Helium10 Jun 2022 17:47
DJB, Good work, some more background on IS Partners.
ISPartners, a hedge fund manager based in Zurich, launched the Helium Rising Stars Fund on Monday. It is follow-on venture of the Helium Special Situations Fund, an £80m ($131m) single manager hedge fund focusing on UK long-bias small and micro caps, launched on 30th July 2006. The fund returned 33% last year (and 380% since inception).
The Helium Rising Stars Fund, a Cayman-domiciled fund, will invest in quoted small companies and up to 30% of NAV in private equity type of investments, predominantly pre-IPO situation (with less that 24 months to listing), public-to-private transactions and private placements. Its focus will be on UK companies with a market cap of less that £50m across all sectors excluding mining and natural resources.
This event driven fund "with an identifiable soft or hard catalyst" will be a concentrated portfolio of around 15 holdings, with long-only bets and the ability to hedge systematic risks. According to data provider Hedge Fund Research, event driven funds returned 12.48% in 2013 and 10.62% in the last five years.
The fund will be co-managed by David Newton and Christian Benz. They also run the special sits fund.
"The opportunity set in the UK micro cap area is plentiful and we have already identified some fascinating investment prospects," the managers say in an email. "Additionally the positive development of the UK economy as well as some significant improvements for AIM investments (abolition of stamp duty on AIM stocks) should further support our investment case."
The abolition of stamp duty and stamp duty reserve tax on growth market shares was announced last year and will have effect on and after 28th April 2014.
Founded in 2003, ISPartners Investment Solutions AG (ISPartners) is an independent company dedicated to alternative asset management and absolute-return strategies. It runs a couple of funds of hedge funds, a couple of single manager hedge funds, some segregated accounts and offers advisory services.