Fidelity boosts long/short FAST range

Fidelity is opening up two more of its active strategy range to top-end investors, using hedge fund t...

Fidelity is opening up two more of its active strategy range to top-end investors, using hedge fund techniques to boost alpha. Both focus on the European market, with one an active 130/30 offering and the other a market neutral portfolio. As revealed in Investment Week in March, the first two so-called FAST products coming to market are Europe and Japan and the group expects Ucits registration for these this month. It will register the next two, Optimised European Equity and European Equity Market Neutral, later in the year. Until now, the funds have been running as private placement...