Veritas Asset Management is making its Global hedge fund available to private and institutional investors for the first time.
 
The £30 million fund had previously only been available to a small group of investors including the firm’s Partners and discretionary Private Clients. 

It has performed strongly returning 68 per cent since it launched in July 2004 against the MSCI World Index performance of 38.39 per cent, with considerably less volatility than a broad global equity index.
 
The fund, which has now been restructured as a UCITS III vehicle and has been re-named the Veritas Global Real Return Fund, was launched at the beginning of January and offers daily liquidity. The first dealing day will be 11th January 2010.
 
It seeks to deliver an annualised 6 per cent real return over the medium and longer term by investing long and short in global equities, bonds, cash and derivatives.
 
It is run by Veritas’ Fund Manager and head of research and global, Andy Headley, who also co-manages the firm’s Global Focus and Global Equity Income Funds.  The Veritas Global Real Return Fund will continue with the same investment strategy, with its objectives, policies and risk profiles all remaining the same.

Headley said, ‘The Real Return Global Fund has a very successful track record and we’ve taken the decision to open it up to a wider audience. It will still continue as an absolute return vehicle and will take a global approach but it will offer greater levels of protection to investors.
 
‘We believe the fund will create greater opportunities for new investors and greater efficiency for existing investors.  It will also allow us to raise more assets for the fund given the attractive nature of the UCITS III brand and daily liquidity.’

The fund has a minimum investment of £7,000. For more information, visit www.veritas-asset.com.