Source: FinAlternatives, 17 July 2017
Lee Robinson’s alternative asset manager Altana Wealth has launched a UCITS-compliant version of its systematic long/short U.S. equity fund that aims to generate alpha by filtering director’s transactions in large and mid-cap stocks.
The new fund, named the Altana Director Alignment Strategy UCITS fund, is domiciled in Ireland as a sub-fund of the company’s Dublin-based UCITS fund umbrella according to the firm. The original fund has reportedly been trading with Goldman Sachs as a managed account strategy since 2016, following two years of research and backtesting.
The strategy seeks to go long or short based on director’s transactions in stocks with market caps of greater than $1 billion, according to an article in Citywire. It reportedly applies a behavioral algorithm based on SEC filings to isolate the relevant trades.
The fund is managed by Alphons Vermorken and is currently long financials (38.1%), energy (24.7%) and consumer, non-cyclical (24.3%) while short consumer cyclical (46.8%), industrial (17.9%), tech (17.7%) and financials (17.6%), the article added.
Founded in 2009 by former Tudor executive and Trafalgar co-founder Lee Robinson as a family office, Altana Wealth manages assets on behalf of professional clients and eligible counterparties.