18/01/2012 Author: Elana Margulies

Varus Capital receives additional allocations

Varus Capital Management, a $100m Zurich-based long/short equity hedge fund manager, has received additional allocations from a number of existing investors.

The manager invests mainly in German mid- and large-cap companies and their European competitors.

The new allocations come shortly after an acceleration capital injection from NewAlpha Asset Management in late 2011.
Those increasing their investments include a mix of global family offices and funds of hedge funds.

Founding partner Stefan Heieck said there were numerous opportunities in Germany that make the country an attractive proposition for investors.

“Germany is full of great engineers and technicians, he said. “but the country is lacking a long/short engineered fund, which is our position and presents a great opportunity going forward. We are just starting with our vision,” he added. Continuing, he said the firm plans to increase its headcount and to market to larger institutional investors for the first time later this year.

Heieck and Frank Siebrecht founded Varus in 2009. Previously, the duo worked at Absolute Capital Management on the Absolute Germany Fund.

Last year, the fund returned 20.9%. In 2010 it was up 19.6%.