Veritas is making its high-performing Real Return Global hedge fund available to retail and other investors for the first time.
The fund had previously only been available to a small group of investors including the firm’s Partners and discretionary Private Clients.
The Fund, which has now been restructured as a UCITS III vehicle and has been re-named the Veritas Global Real Return Fund, was launched at the beginning of January and offers daily liquidity.
The Fund seeks to deliver an annualised 6% real return over the medium and longer term by investing long and short in global equities, bonds, cash and derivatives.
It is run by Veritas’ Fund Manager and Head of Research and Global, Andy Headley, who also co-manages the firm’s successful Veritas Global Focus and Veritas Global Equity Income Funds. The Fund will continue with the same investment strategy, with its objectives, policies and risk profiles all remaining the same.
The Fund will be available to retail investors with a minimum investment of £7,000 and to institutional investors with a minimum investment of £30,000 and is accessible to private clients, family offices, wealth managers, financial advisers and discretionary managers, on a global basis.
Andy Headley, Manager of the Veritas Global Real Return Fund said:
"The Real Return Global Fund has a very successful track record and we’ve taken the decision to open it up to a wider audience. It will still continue as an absolute return vehicle and will take a global approach but it will offer greater levels of protection to investors.
"We believe the fund will create greater opportunities for new investors and greater efficiency for existing investors. It will also allow us to raise more assets for the fund given the attractive nature of the UCITS III brand and daily liquidity."
January 2010