Cayman-Based Offshore Hedge Fund launched by SciVest
On January 26, 2007, the SciVest Group of Companies has announced the launch of SciVest Global Net Short Equity Fund based in the Cayman Islands.
SciVest is a leading quantitative global investment manager specializing in developing unique and innovative hedge fund portfolios. It has managed to create an offshore version of its top-performing Canadian-based SciVest Net Short Equity Fund. It Offshore Fund is the sister fund to the Onshore Fund launched in July 2004, which has consistently been regarded as one of the top-performing equity short biased funds all over the world.
The investment objective of the Cayman-based SciVest Global Net Short Equity Fund is providing investors with a strong and predictable hedge to the global equity markets to generate competitive returns.
In 2003, SciVest was awarded the Top Performing Emerging and Mid-Stage Equity Market Neutral Fund in 2004, SciVest the world at the Global Alternative Investment Management Forum in Switzerland. It also won the Canadian Investment Award for the Best Relative Value Hedge Fund. SciVest Net Short Equity Fund was ranked the Top Performing Equity Short Biased Hedge Fund globally for the months of April, September and October by the Barclay Trading Group, Ltd. in 2006.