LRI and M17 launch Market Neutral UCITS with double digit return target

Luxembourg based LRI Group and Swiss M17 Capital management are partnering up for the launch of a new European Equity Market Neutral UCITS fund. Markus Matuszek, CIO of M17 Capital Management, described the investment approach as ‘bottom-up, market-cap agnostic yet liquidity cognisant’. With 30 to 60 open positions, it will have a very concentrated approach. Most notably the fund is targeting a 10% to 15% annual return which is considerably higher than most funds in the Equity market Neutral UCITS universe.

Several institutional investors are already onboard, total assets amount to 191MEUR sofar.