Alternative investment manager Omni Partners LLP has announced the launch of its fourth product, called Omni European Equity Long/Short (Omni ELS), the fund targets liquid large cap equities and is aimed at external investors.
The fund consists of three discrete portfolios: Base, Trading and Opportunistic. The base portfolio is constructed to be market and sector neutral, focussing on a limited number of positions including up to 50 stocks in a maximum of 11 sectors.
Positions within the base portfolio can be sized up or down in the trading book, which is where any desired market or sector exposure is expressed. The opportunistic portfolio may include no more than three single-stock, sector-specific or thematic views at any given time.
Omni ELS is managed by Howard Spooner and Hugh Selby-Smith. Spooner is Omni’s CIO and has more than 30 years of industry experience, Selby-Smith is portfolio manager at Omni ELS and has 15 years of industry experience.