Alternative investment firm Tycho Capital has launched a new European equity long/short Ucits fund on its platform in partnership with CapeView Capital.
The Tycho CapeView European Long Short Fund has launched with more than $40m in investor capital.CapeView Capital, a London-headquartered boutique hedge fund, specialises in European equity long/short strategies.
An Icav (ICAV ( Irish Collective Asset-management Vehicle) is a corporate fund structure established under Irish law, specifically designed for investment funds and commonly used for Ucits and alternative strategies targeting European and international investors. Ucits are the EU’s regulated cross-border investment vehicles.
The fund is the sixth strategy on Tycho’s ICAV platform, joining the Tycho Arete Macro Fund, Tycho BH-DG Systematic Trading UCITS Fund, Tycho Talomon PE Alpha Fund, Tycho Athos Event Driven Fund and Tycho Scopia Market Neutral Equity Fund.
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Georg Reutter, partner and CEO, Tycho Capital, commented: “We are delighted to add CapeView to the Tycho stable of funds, expanding the range of alternative investment solutions that we offer our investor base. CapeView has built one of the longest dedicated European equity long/short track records in the hedge fund peer group, and the strategy’s ability to generate alpha, particularly on the short side, has proven attractive to investors. Having spent significant time with the manager as part of our research process, we are confident in CapeView’s ability to deliver a consistent, low volatility return stream and to preserve capital in market drawdowns.”
Michael Sakkas, co-portfolio manager at CapeView Capital, added: “This marks the start of a fruitful partnership with Tycho, and we look forward to leveraging the firm’s allocator network and operational expertise to help bring CapeView’s longstanding European equity long/short strategy to a wider investor base. We are proud to have built a strong track record through multiple cycles and are very excited about the rich investment environment created by today’s market dynamics.”
