Zadig launches long only European equity fund

Independent asset management company, Zadig Gestion, has broadened its product range with the launch of a long only European equity fund.

Domiciled in Luxembourg, the Ucits III compliant Memnon fund will be advised by hedge fund Zadig Asset Management out of London.

It is the third offering from the European value house, the others being the long/short Zadig and Camox funds, both of which take their names from the works of French enlightenment philosopher Voltaire.

Launched with $125 million on February 1, the objective of the fund is to maximise long term capital growth by investing primarily in European listed companies.

Laurent Saglio, founding partner of Zadig will advise on the fund alongside Vincent Bourgeois who joined the team last month.

Pierre Philippon, managing partner of Zadig said:

'After the financial crises of the last decade, today’s investors are looking for investment opportunities within a clear regulated framework. Memnon Fund is a regulated Ucits III product and we will apply the same hands-on bottom-up approach to investments that has made our other less regulated funds so successful.'