Alpha Strategic Regulatory News Announcement
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Alpha Strategic PLC - Regulatory Approval Obtained
RNS Number:9819F
Alpha Strategic PLC
19 October 2007
Global Futures Fund Gains Approval In Switzerland
Alpha Strategic plc ('Alpha' or 'the Company') is pleased to announce that the
ESA Global Futures Fund ('the Fund') has received approval under proviso from
the Swiss financial regulator. Following execution of agreed amendments to the
Fund's marketing documentation the Fund can be fully marketed and distributed in
Switzerland.
In May 2006, Alpha acquired Winton Advisers Limited (now renamed Alpha Winton
Limited 'AWL') from Winton Capital Management Limited ('Winton Capital'), the
$10bn London hedge fund manager. AWL is entitled to 50% of the management and
performance fees on the ESA Global Futures Fund, a Luxembourg based fund aimed
at the Swiss institutional market, payable quarterly. The Fund is managed by
Winton Capital and is being charged an annual management fee of 1% of net assets
and an annual performance fee of 20% of the increase in the net asset value
subject to a high water mark.
Since May 2006, without marketing, funds under management have grown from $11.5
million to $45.5 million and return on the Fund since inception (March 2006) has
been 16.47%.
Colin Barrow, Chairman of Alpha commented:
'This is another step forward for Alpha. We believe that the expansion of
marketing combined with Winton's highly respected and successful investment
process will significantly increase funds under management towards the initial
target of $100 million.'
For further information:
Alpha Strategic plc (020) 7222 3005
Kit Malthouse/Colin Barrow
Strand Partners Limited (020) 7409 3494
Rory Murphy
Maitland (020)7379 5151
Georgina Pepys
This information is provided by RNS
The company news service from the London Stock Exchange
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