Aspect Capital Launches New Australian Multi-Strategy Fund

Investors Offshore.com, London

01 September 2003

Australian fund manager Select Asset Management Limited has recently launched the “Select Aspect Multi-Strategy Fund”, the first fund of its kind to be launched in the Australian market. The Australian-domiciled feeder for Aspect’s multi-strategy fund combines a range of hedge fund strategies managed by London-based Aspect Capital Limited. The fund’s launch coincides with the appointment of previous Aspect Marketer, Melanie Caffrey to head SELECT’s sales and marketing effort in Australia and spearhead the launch of the new product.

Aspect Capital Limited manages alternative investments for institutions and wealthy individuals worldwide. Aspect's investment approach is process driven, applying a diversified range of understandable and persistent factors, rigorously tested with the goal of delivering consistent returns over the long-term, independent of stock and bond markets. The latest technology is employed to implement these factors with utmost efficiency, aiming to maximise returns within a strict risk management framework.

Aspect, based in London, was established in 1997 by Anthony Todd, Eugene Lambert, Martin Lueck and Michael Adam who were all involved in the successful development of Adam Harding and Lueck ("AHL", now called ED&F Man Investment Products), a pioneer in this area and now one of the world's most successful quantitative investment managers.

Aspect's range of funds focuses on the generation of consistent absolute returns for investors, independent of movements in stock or bond markets. Aspect's deployment of 'state of the art' technology is the key to successful development and management of our investment strategies, most notably allowing 24 hour real-time trading and risk control. For example, the automated trading system architecture not only provides real-time signal generation and risk evaluation of futures positions, but also virtually eliminates the time-delay between evaluation and trading, leading to lower 'slippage' and higher returns.

Aspect's eight-strong implementation team operates 24 hours a day, focussing on the efficient execution of trades with minimal friction costs. Aspect offers six funds, the Aspect Currency Fund, the Aspect Diversifed Fund, the Aspect European Equity Fund, the Aspect European Market Neutral Fund, the Aspect International Fixed IncomeFund and the Aspect Master Fund.

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