Argonaut launches sterling-hedged share class for European equity fund

Argonaut Capital has launched a sterling-hedged share class for its FP Argonaut European Alpha Fund, managing £395m (€492.5m).

“UK investors often have strong views on the euro. Fears of a Brexit have recently triggered significant weakness in sterling, which may reverse post-referendum in the event of a pro-EU result,” said Barry Norris (pictured), Argonaut founder and manager of the FP Argonaut European Alpha Fund.

“Therefore the time is right to offer a hedged share class option for Alpha unitholders wishing to protect themselves against future euro weakness.”

The FP Argonaut European Alpha Fund relies on Argonaut’s  ‘earnings surprise’ investment philosophy.

Argonaut has £1.4bn (€1.75bn) in assets under management.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!