Lyxor / Bluescale Global Equity Alpha Fund

Investment Objective

The Lyxor/Bluescale Global Equity Alpha Fund is a bottom up fundamental equity long/short strategy. It aims to produce absolute risk-adjusted returns with a low-net exposure. The Fund looks for stock picking opportunities in mid to large cap Technology, Media and Telecommunications (TMT) companies. The strategy seeks to preserve capital through rigorous due diligence and active portfolio management.

Latest Meeting Note

Meeting 21 Mar 2022

The Lyxor / Bluescale Global Equity Alpha fund, led by Neil Desai, follows a low-net approach, using a tested and repeatable process focused on catalyst-driven opportunities in global TMT. Neil brings extensive experience across long/sho... Read more

The Lyxor / Bluescale Global Equity Alpha fund, led by Neil Desai, follows a low-net approach, using a tested and repeatable process focused on catalyst-driven opportunities in global TMT. Neil brings extensive experience across long/short investing (ex Tudor, Crosslink Capital) as well as working in private equity and investment banking. Supporting Neil is an equally experienced team of sector specialists as well as 3 research associates. The team believe their mix of public and private experience and network allow for a deeper understanding of industry drivers and price action psychology, furthermore, c. 30% of time is spent meeting with private companies as a core part of idea generation to help understand upcoming trends in the market. The team have identified an investable universe of c. 500 companies of which they closely monitor 100 potential opportunities at any given time. The fund has a slight US tilt with roughly 30/40% of exposure outside the US, whilst targeting a market cap between $1-20bn. The team ultimately focus on high-conviction ideas where a combination of value disconnect and anticipated, definable catalysts provide alpha opportunities. The fund typically has 20-30 longs and 25-45 shorts, which have slightly shorter holding periods. The fund can have a gross exposure up to 200% and targets a net of +/- 20%. A 1.5x version has also been launched in an offshore format. 

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2021 0.5 0.2 0.1 0.8 0.4 0.2 0.3 0.0 0.4 1.0 0.9 0.7 0.8
2020 0.4 0.7 0.2 0.1 0.7 0.1 0.4 0.7 0.2 0.2 0.7 0.5 0.5

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