Resolution Cartesian will be among the first firms to enter the 130/30 fund market with a product li...
Resolution Cartesian will be among the first firms to enter the 130/30 fund market with a product likely to launch by the beginning of the third quarter.
Resolution is also looking at the possibility of launching similar products across its various divisions, including its other boutiques.
Still in the early stages, the Cartesian product will have a UK focus, like the boutique's existing offerings, and will draw on David Stevenson and Andrew Kelly's skills in both the long-only and long/short arenas.
The purpose of 130/30 products is to bridge the gap between traditional and hedge fund management techniques.
The offerings combine 100% long positions with 30% of short selling and an additional 30% long exposure coming from the proceeds of shorting.
Stevenson and Kelly set up Cartesian in partnership with Resolution in 2005, previously running a long-only vehicle at SVM as well as the Saltire hedge fund. The pair subsequently launched similar products at Cartesian.