London-based asset manager Heptagon Capital has teamed up with New York boutique Kettle Hill Capital Management to launch the Heptagon Kettle Hill US Long Short Equity on 5 October.
The US small cap strategy is the first alternative Ucits fund proposed by Heptagon Capital. It already tallies some $90m of assets and is managed by Kettle Hill, whose investment approach blends value and momentum investing, with a focus on the less efficient small cap sector of the US equity market.
Kettle Hill’s chief investment officer and founding partner Andrew Kurita, manages this investment strategy since inception, 14 years ago, and has been a small cap investor for 21 years.
Commenting on the launch of the fund, Heptagon’s managing partners said: “We are delighted to have partnered
with Kettle Hill for our debut Alternative Ucits fund. US small cap is a relatively inefficient segment of the marketplace due to the increased prevalence of under-researched, misunderstood and consequently sometimes
“With an investment team of Kettle Hill’s experience, who have a widely recognised proficiency in the sector, and who have repeatedly shown their ability to protect capital in difficult market environments, we feel that this fund provides an attractive risk reward opportunity for long term investors.”
Heptagon Capital was founded in 2005 and manages $8.3bn (€7bn) in assets.