ICEBERG Capital, a company based in Abu Dhabi Global Market (“ADGM”) and regulated by its Financial Services Regulatory Authority (“FSRA”), and one of Abu Dhabi’s fastest growing alternative asset management firms, yesterday announced the launch of ICEBERG Alpha Strategies Fund (the “Fund”), a US long/short equities hedge fund with a target size of AED 200 million.
ICEBERG Alpha Strategies Fund will capitalize on the exceptional US capital markets track record and experience of the managing team in charge of the investment decision making whilst providing investors the opportunity to access alternative sources of returns.
The Fund will be offered mainly to regional-based institutions and Ultra High Net Worth Individuals (UHNWI) who want access to the developed US markets via actively managed US-based portfolios comprised of leading US equities, ETFs, and derivatives. The Fund portfolio will mirror the investment manager leading strategy and investment guidelines and its risk management framework.
Hussein Tantawi, Head of Alternative Investments at ICEBERG Capital commented on the launch: “Part of our contribution to our presence in Abu Dhabi is providing access to our investors to unique opportunities that normally they would not hear about or have access to. With the ability to actively manage a portfolio in both rising and falling markets and having access to hedging tools such as options and derivatives, we believe that our investors will be able to access the lucrative returns of US markets at a significantly lower risk exposure than most investors are currently exposed to.”
Executive Chairman of ICEBERG Capital, Mustafa Kheriba also commented: “We are very pleased to have launched ICEBERG Capital Alpha Strategies Fund and the opportunities that such additional ICEBERG offering brings to our investors such as the exposure to a regulated and transparent platform investing in US equities with the aim of achieving attractive risk-adjusted returns.”
The launch comes on the back of the S&P 500 and Nasdaq indices dropping 19% and 33%, respectively, in 2022. With the backdrop of higher interest rates, potential paradigm shifts in financial markets, 40 years of low and stable inflation potentially over, and evolving structural changes in the financial markets, the time is now ripe for active and systematic risk management in the US equity markets.
