New York (HedgeCo.net) – Prestige Asset Management has launched a new fund, the Prestige Equity Options, which is allocating to three trading advisors who between them manage $500 million.
“All three use a combination of both long and short volatility trading strategies and much of the trading is short and medium term in nature.” The company said, “Prestige and some of its senior management has invested with these three managers for a number of years. All have verifiable track records and have proven themselves in difficult markets.”
“Prestige Equity Options is one of our lowest risk “market based” investment opportunities.” The company said of the launch, “It operates a portfolio mandate that does not need the market to trend, and can benefit enourmously from lack of direction but continuously attempting to manage and diversify risk which hopefully allows us to sleep at night. With both Manager and Strategy risks being key elements to this; the Investment Manager continues to intentionally restrict high correlation to “Equity” related investments within the Fund, which has allowed the Fund to maintain a low downside volatility of around 4% and a low long term correlation to MSCI World Index of around +40%.”
This is also Prestige’s first EU based / MFSA regulated Fund, domiciled in Malta, it was launched on the 1st of June 2011. Prestige recently opened a physical office there as well as establishing a new investment management company “Prestige Capital Management” which last month was granted an in principle MFSA licence.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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