Legg Mason Martin Currie European Absolute Alpha

Overview

Fund Strategy Equity Long / Short
Fund Geography Europe
Investment Advisor Martin Currie Investment Management Ltd
Portfolio Manager Michael Browne, Steve Frost
Fund Currency EUR
Fund AUM €316.9m
Fund AUM (GBP) £276m
Fund AUM as of 12 October 2018
Max Gearing / Exposure max. 200%
Fund Inception 29 September 2010
Fund Indices AH Equity Long / Short UCITS Index
Sub Index - Equity Long / Short Conservative

Fund Objective

The fund aims to achieve long-term capital appreciation by employing a long/short equity strategy. Long exposure will be principally achieved by investing directly or indirectly in equities of companies operating within or servicing the European market. Short exposure will only be achieved by investing indirectly through derivatives. A European equity long/short fund with a mid-to-large-cap bias, this fund has a gross exposure of +50 to +200% and a net-exposure range of -30 to +100%. The long portfolio holds between 30 and 70 stocks, with a normal position size of 2-4% and a maximum of 9%. The short portfolio holds between 5 and 30 stocks, with a normal position size of 1-4% and a maximum of 6%.

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