Allianz to launch Pan-European long/short fund

Subject to FSA approval, the Pan-European long/short equity vehicle will be structured as a sub-fund of Discovery Europe. The Luxembourg-domiciled sicav will be run by the manager of the existing fund, Harald Sporleder, while Ralf Walter will be co-manager. Allianz RCM Discovery Europe Strategy will aim to generate absolute returns by investing in pan-European stocks. The managers will hold two thirds of the portfolio in high-conviction stocks while the remainder will be invested in positions with a shorter-term horizon. "We believe this strategy is perfectly aligned to today's ...