Singapore-based alternatives strategy manager Fairfield Straits Lion has launched its Fairfield Fortitude Australian Absolute Return Fund with a mandate to generate consistent returns while preserving capital, via various approaches including derivative enhancement, convergence trading, arb, event-driven and equity longshort strategies.
Fortitude Capital, an Australian hedge fund firm led by traders Tim McGowen and John Corr, will sub-advise the fund. Fortitude's management has a combined 40 years experience in Aussie equities and derivatives. McGowen has managed the proprietary trading books for some of the country's biggest investment banks, including ABN AMRO, Credit Suisse First Boston and UBS. Fortitude was previously known as Marshall Funds Management prior to...
