New York (HedgeCo.net) – UCITS hedge fund pioneer and alternative investment specialist, Salus Alpha, along with former Deutsche Bank analyst Roland Neuwirth has successfully launched the Salus Alpha RN Special Situations fund. Since the fund launch on 22 March 2010 the fund raised $20 million from new investors and is up 3.14% after its first month.
“The remarkable raise in money combined with the extraordinary performance nearly exceed all our expectations for the first month” said Oliver Prock, CEO of Salus Alpha Capital. “This is one of the most successful fund launches for us. We are impressed by the great interest of the investors for the fund; this shows that as pioneer in UCITS alternative we are exactly on the right path.”
“One of the salient causes of the tremendous success of the fund is the combination of the alternative investment industry competence and the infrastructure of Salus Alpha and the excellent stock picking abilities of Roland Neuwirth and his team.” explains Oliver Prock. “The investors have assessed the potential of the fund correctly and placed their confidence in Salus Alpha RN Special Situations fund. This is an opportune time and investors have identified it correctly.”
In the last two years Salus Alpha successfully launched a series of award winning funds. Among the Award’s winners was Salus Alpha Directional Markets. This week, another Salus Alpha fund was awarded a prize: Salus Alpha Event Driven was granted the Recognition Award for Excellence by Barclay Hedge.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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