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.

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