EQS-News

Samara Asset Group Invests $10 Million in Samara Alpha Management’s Flagship Market-Neutral Strategy Fund

EQS-News: Samara Asset Group p.l.c. / Key word(s): Statement/Investment Samara Asset Group Invests $10 Million in Samara Alpha Management’s Flagship Market-Neutral Strategy Fund 30.06.2023 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

 

Samara Asset Group p.l.c. (Samara)
Malta, 06.30.2023

 

Samara Asset Group Invests $10 Million in Samara Alpha Management’s Flagship Market-Neutral Strategy Fund

 

Malta, June 30, 2023. Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) is pleased to announce it has invested USD $10 million in Samara Alpha Management’s (Samara Alpha) newly launched flagship market-neutral multi-strategy fund. Samara Alpha, a US-based asset management subsidiary of Samara Asset Group, began operations earlier this year and is a vital piece of the rebranded and refocused Samara Asset Group’s investment strategy moving forward.

Samara Alpha’s market-neutral strategy aims to capitalize on potentially lucrative market opportunities resulting from inefficiencies in the nascent digital asset space. Characterized by a fragmented marketplace with many exchanges and cryptocurrencies, as well as regulatory inconsistencies, the crypto market has provided an opportunity for a handful of talented managers to emerge who know how to extract value from such inefficiencies. Samara Alpha recognizes the untapped potential of investing in these early adopters of alpha-generating digital asset strategies.

Led by Chief Investment Officer Adil Abdulali, a 30-year veteran in fund management, Samara Alpha leverages its team’s extensive experience in both traditional finance and digital asset management to navigate the current market landscape, delivering a curated portfolio of diversified digital asset managers with attractive risk and return characteristics.

Abdulali reflects “In the early days of traditional hedge funds, careful selection of strategies like equity L/S, merger arbitrage, and convertible arbitrage funds made it possible to get double-digit returns for investors willing to be early in those new strategies. In time, this attracted too much capital and squeezed out the alpha. The same cycle is occurring in crypto hedge funds. Our goal is to find the best of these opportunities for our investors.”