Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Flying Kestrel Opps re-closes after fundraising

Flying Kestrel Opps re-closes after fundraising

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.

The Kestrel Opportunities portfolio is relatively concentrated, with 39% held in just five tech-focused small-caps: Redcentric, KBC Advanced Technologies, Idox, Eckoh, and K3 Business Technologies.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter