Citywire - For Professional Investors

Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

Fidelity unveils real return fund for equity veteran Scurlock

Fidelity unveils real return fund for equity veteran Scurlock

Fidelity has launched a European real return fund for veteran investor Alexander Scurlock, Citywire Global can reveal.

Scurlock has been away from active management since handing the then $9 billion Fidelity Funds – European Growth fund to Matt Siddle in May 2012.

In his new capacity, the European equity veteran was charged with developing mixed asset portfolios for the investment firm.

This has led to the launch of the Fidelity Alpha Funds SICAV – SharpeR Europe fund, which is a risk-focused fund able to invest across equity, bonds and financial derivatives.

Scurlock will adopt a bottom-up approach on the new Luxembourg-domiciled fund while seeking to generate real returns with a focus on Sharpe ratio.

It will have the capacity to invest on both the long and the short side, while not being constrained by stocks, sectors or geographic exposures.

Three-stage process

The fund is designed to typically hold between 40 and 60 stocks depending on the investment climate. Scurlock will adopt a three-stage process to determine which companies to hold in the fund.

This will centre on determining how potential companies are prioritising cash flow, whether there is an instrument which meets the investment target and what is the best way to invest.

In documents seen by Citywire Global, Fidelity stressed it is not designed as an asset allocation fund and investments to asset classes will be purely determined by bottom-up ideas.

Scurlock has 24 years of experience investing in equity markets and will be supported on the fund by Michael Dolan, who has 17 years of experience in research and analysis in credit markets.

The fund is registered for sale in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Iceland, Ireland, Italy, Netherlands, Norway, Singapore (restricted scheme for institutional investors only), Slovakia, Spain, Sweden, Switzerland and the UK.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Asia Bangkok Retreat 2018: day one images

    Citywire Asia Bangkok Retreat 2018: day one images

  • Citywire Asia Bangkok Retreat 2018: day two images

    Citywire Asia Bangkok Retreat 2018: day two images

  • Citywire Asia Taipei Retreat 2017: day two images

    Citywire Asia Taipei Retreat 2017: day two images

  • Citywire Asia Bangkok Retreat 2017: day one images

    Citywire Asia Bangkok Retreat 2017: day one images

  • Citywire Asia Bangkok Retreat 2017: day two images

    Citywire Asia Bangkok Retreat 2017: day two images

  • Images from Citywire Thailand Forum 2017

    Images from Citywire Thailand Forum 2017

  • Citywire Asia Awards 2017: images from Singapore

    Citywire Asia Awards 2017: images from Singapore

  • Citywire Asia Awards 2017: images from Hong Kong

    Citywire Asia Awards 2017: images from Hong Kong

  • Citywire Asia Taipei Retreat 2017: day one images

    Citywire Asia Taipei Retreat 2017: day one images

  • Citywire Asia Retreat in Bangkok: day two images

    Citywire Asia Retreat in Bangkok: day two images

  • Bangkok buzz: day 1 images from our Asia Retreat

    Bangkok buzz: day 1 images from our Asia Retreat

  • Images from Citywire's Thailand Forum

    Images from Citywire's Thailand Forum

  • Pictures from Citywire's Hong Kong forum

    Pictures from Citywire's Hong Kong forum

  • Images from our Citywire Singapore Forum

    Images from our Citywire Singapore Forum