The Luxembourg-domiciled DSM SICAV Global Growth Fund is designed to mirror the company’s global growth strategy, which had in excess of $600m in assets at the end of the second quarter of 2014.
The fund seeks long term capital appreciation by investing primarily in global equity securities issued by large-cap companies.
It has no limit on the amount of assets it can invest in equity securities of domestic or foreign issues, and will generally contain between 30 to 35 stocks.
The fund was launched on 12 March this year, and currently contains €454m. It does not currently have a performance fee.
The company said it seeks to identify businesses which have “impressive fundamentals, above-average profitability and successful managements” and “10% or better historical revenue and earnings growth”.
It will be managed by DSM co-managing partner Daniel Strickberger and a team of nine senior analysts and portfolio managers.
DSM co-managing partner, Steve Memishian, said: “We’re pleased to make available to overseas investors the same global growth strategy we’ve employed for our domestic separately managed account clients and financial professionals.”
Founded in 2001, DSM serves as an investment adviser to corporations, endowments and foundations, pension plans, family offices, high net worth individual investors and registered advisers. Based in New York, it manages $5.6bn in assets.
