View the article online at http://citywire.co.uk/wealth-manager/article/a745760
Flying Kestrel Opps re-closes after fundraising
by Robert St George on Apr 10, 2014 at 11:56
The Kestrel Opportunities fund has once again closed itself to new money after exceeding a fundraising target.
Kestrel had been closed since last March, but last month sought to raise an additional £25 million ‘to capitalise on some of the potential investment we are currently seeing’.
The fund succeeded in attracting £26.9 million and has now again ceased processing new subscriptions.
Overseen by the Kestrel team of Ari Zaphiriou-Zarifi, Max Royde and Oliver Scott, the Opportunities fund has returned more than 250% since its launch in November 2009. The FTSE SmallCap excluding investment trusts index has returned 92% through the same period.
Following the fundraising, Kestrel estimated that the portfolio’s cash weighting would rise to 24%, up from 17% at the end of March when the fund contained £112.5 million.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the shares
- Redcentric PLC (RCN.L)
- KBC Advanced Technologies PLC (KBCAT.L)
- Idox PLC (IDOX.L)
- Eckoh PLC (ECK.L)
- K3 Business Technology Group PLC (KBT.L)
More from us
- 'Ambitious' Kestrel hires McCausland for COO role
- Kestrel unveils global multi-asset fund for Ricciardi
- Kestrel ramps up Ashcourt Rowan holding as shares soar
On the road