Boston-based hedge fund Sirios Capital Management has partnered with iM Global Partner (iMGP) to launch the iMGP Sirios Absolute Return Fund R EUR HP PR UCITS ETF (SARF), marking Europe’s first ETF to include a performance fee, according to a report by ETFStream.
The fund charges a total expense ratio of 1.20%, plus 20% of any outperformance, and is also available as a mutual fund.
SARF represents Sirios’s debut in the European market. Founded in 1999, the firm specialises in long-short equity s...
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