Alternative investment firm Cube Capital is opening its Global Opportunities fund, which aims to profit from disruptive events in sectors and industries, to outside investors, having launched the fund in May 2009.
Francois Buclez, chief executive of Cube Capital, said he expected economic instability to continue for the foreseeable future, providing sources of dislocation that the fund can exploit.
“There will be many opportunities for this contrarian fund and its investors,” he said.
The fund, which has $100 million (€64 million) in assets, can invest long and short in equity, debt and derivatives, and targets a return of 15% a year. It invests mainly in Asia and Europe, seeking to identify disruptive events that have led to mispricing.
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