Launch of AAV Fund
June 12 2006 - 4:09AM
UK Regulatory
RNS Number:3978E
Absolute Capital Mgmt Holdings Ltd
12 June 2006
Launch of Absolute Activist Value Fund
("ACMH" or "the company")
Absolute Capital Management Holdings Limited, the investment management Group
focused on delivering investment returns through the management of absolute
return funds is pleased to announce the launch of an Absolute Return Event
driven/Long Short Activist Fund, which will be named the Absolute Activist Value
Fund ("AAV Fund" or "the Fund").
The AAV Fund is being presented to potential investors in London on 12th June
and Geneva on 16th June, with the launch of the fund taking place on 1st July
2006.
The Fund is seeking to raise up to Euro1 billion and will look to invest primarily
in European companies where pro-active measures can unlock significant
shareholder value.
ACMH has a highly successful track record of managing event driven/activist
funds. In July 2005 ACMH launched 'The Absolute Octane Fund' which was ranked
number one in the European event driven category in 2005, according to
Eurohedge, whilst the 'European Catalyst Fund' in every discreet period has been
a top performing European event driven fund since its inception in October 2003.
AAV Fund Investment strategy
The fund will target undervalued companies which have one or more of the
following characteristics:
* Trading at steep discounts to their intrinsic value
* Strong cash-flows
* Industry consolidators
* Turnaround situations
* Asset rich enterprises
* Mismanaged companies;
* Potential takeover candidates.
The fund expects to invest in no more than 20 long investments at any one time.
As pro-active shareholders, the managers expect to have direct dialog with the
company as well as with other shareholders and at times the media to impact
positive change. The fund will be an engaged and responsible owner rather than
one of many passive shareholders and seek to deliver superior absolute returns.
The managers aim to reduce general market risk when deemed necessary by hedging
its positions against other related equities and/or derivatives.
Florian Homm, CIO of ACMH added;
"The activist category is a long established top performing fund category in the
United States but it is still only in its infancy in Europe. However, the
structure of European corporations is changing, with greater openness, less
family and political interference and therefore becoming more suitable to our
activist approach which has delivered significant value to our investors to
date. We believe there are numerous opportunities for the activist investor in
Europe hence our target is to deliver alpha level returns."
Fund Statistics
Date of Inception 1st July 2006
Fund Capacity Euro1 billion
Starting NAV per share Euro5,000
Fund Domicile Cayman Islands
Fund Structure Open-Ended
multi-class
Investment Minimum Euro1 million / $1
million
Subscription Frequency Monthly
Redemption Frequency Semi Annual
Redemption Notice Period 6 months
Lock Up 1 Year
For further information please contact:
Media Enquiries
Tim Robertson, Cardew Group + 44 207 930 0777
+ 44 7900 927 650
tim.robertson@cardewgroup.com
Investor Enquiries
Ross Thompson +41 44 286 9010
ross@abcapman.com
Notes to Editors
About Absolute Capital Management Holdings Limited
Absolute Capital Management Holdings Limited is a specialist fund management
company focused on delivering investment returns through the management of
absolute return funds, launched in 2001. The company has offices in Spain,
Germany, Switzerland, United Kingdom and Cayman Islands. The group manages 6
funds and has over Euro800m under management.
ACMH listed on the UK AIM on the 3rd March 2006
Key Management biographies
Sean Ewing, CEO
* University of Ulster, MBA (1st)
* Life Securities, Analyst and Buy Out
Principle (Investment Management)
* Farlake Group Plc, Chairman and Chief
Executive Officer
* Rowan & Co, Chairman and Chief Executive
Officer (Member of the London Stock
* Exchange)
* Investment Funds Direct Ltd, Founder
Chairman and Chief Executive Officer (Fund Platform and Distribution - 13
Countries)
Florian Homm, CIO
* Harvard Business School, MBA
* Merrill Lynch Intl., Securities Analyst
* Fidelity, (FMR) Securities Analyst,
Portfolio Manager
* Bank Julius Baer AG, Director Instl. Asset
Mgmt.
* Tweedy Browne Europe GmbH, Managing Partner
* Value Management & Research AG,
* Founder/largest shareholder
* Investment Awards: BVI, Lipper
* Listed in "Who's Who in Europe"
Matthias Rutsch
, Fund Manager
* Diplom-Kaufmann (MBA)
* University of Hamburg, Germany
* Credit Suisse First Boston, Analyst,
Corporate Finance
* Sal. Oppenheim jr. & Cie., Senior Associate,
M&A
* Equity Research experience: The Bank of New
York and HVB Group
Jens Peters, Fund Manager
* Diplom-Betriebswirt (MBA)
* HfB-University for Finance & Management,
Germany
* University of Colorado, US
* Fu Jen University, Taiwan
* Newtron AG, Co-founder, Chief Financial
Officer & Chief Operations Officer
* Deutsche Bank, Global Markets, Associate
* Emerging markets experience: Asia, Central &
Eastern Europe, South America
Rolf Huber
* Fund Co-Advisor
* ETH Zurich, Swiss Federal Institute of
Technology,
* Dipl.-Ing. ETH
* McKinsey & Company, Engagement manager
* COOP Switzerland, Director
* Hero, Group CFO, CFO Netherlands and
Switzerland
* Teleplan, CEO and Vice Chairman
* Board positions, Inaxio, Resource Informatik
Inc.
* Ceres Capital Inc., Chairman and Managing
Partner
Clifford zur Nieden,
Fund Co-Advisor
* Technical University Darmstadt, Mechanical
engineering
* ETH Zurich, Swiss Federal Institute of
Technology, Dipl.-Ing. ETH
* Nestle, Department of process engineering,
Singapore
* Siemens, Management consultant
Telecommunication, Munich and Boca Raton USA
* CoCap Offerings Inc., Founder and CEO
* Carlsberg., Logistic director Switzerland
* Board positions, Dunstone Financial, HRK
Stiftung, Inaxio
Ceres Capital Inc.,
ACMH Investment Achievements -
No. 1 European Event Driven Fund, 2005 - Eurohedge
No. 1 Risk Adjusted Long/Short Fund 2005 - Barclay Group
No. 1 European Long Short Fund, 2002 - HFI
No. 1 Germany Fund over 1, 2 and 3 years, 2004 - Micropal
No. 1 US Specialty Fund, 1988 - Lipper
No. 2 European Fund, 1990 - 1991 - Frank Russell/BJB
No. 5 European Equity Fund, 1991 - Finstat
No. 3 Germany Fund, 1994 - Finanzen, Micropal
No. 1 European Equity Fund, Germany, 1994 - Micropal
No. 5 Global Fund, Switzerland, 1996 - Lipper
No. 1 Swiss Pension Fund/ European Equities, 1994 -96 - EIM
No. 1 Global Fund, Germany 1997 - Micropal
No. 4 European Fund, Germany, 1997 - Micropal
No. 1 Balanced Fund, Germany, 1998 - BVI
No. 1 European Large Cap Fund, 1998 - BVI
No. 1 International Fund, Austria, 1998 - Standard & Poor's
ACMH Investment Nominations 2006 (Awards on 21st June) -
Best Equity Long/Short Equity Fund - Hedge Funds Review
Best Hedge Fund Over Three Years - Hedge Funds Review
Best New Launch - Hedge Funds Review
Best Group - Hedge Funds Review
This information is provided by RNS
The company news service from the London Stock Exchange
END
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