ICEBERG Capital launches AED 200mln US equity hedge fund

ICEBERG Capital launches AED 200mln US equity hedge fund

- It will target regional-based institutions and Ultra High Net Worth Individuals (UHNWI).

- Alpha Strategies Fund target size of AED 200 million.

Abu Dhabi : ICBERG 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, today announces 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