Alternative Advisors, a London based investment boutique, has launched the Castillon Diversified Fund, a regulated Ucits III multi-manager investment vehicle.
The fund’s objective is to generate attractive absolute returns whilst ensuring that capital is preserved in any market condition by investing in Ucits compliant absolute return funds and regulated financial instruments.
The Ucits III regulation offers investors a strongly regulated framework, more transparency and better liquidity terms while maintaining the benefits of an absolute returns vehicle.
Castillon Diversified Fund is a sub-fund of the Whitefleet umbrella, a Luxembourg Sicav part I Ucits III. The fund will be launched on 16 June with EUR60m. It offers weekly liquidity and is denominated in Euros.
The management fees are 1.25 per cent for the retail B class and one per cent for the institutional I class (EUR1m minimum investment). The performance fee is ten per cent above three months EUR Libor for both classes.
William Kitchin is the portfolio manager for the Castillon Diversified Fund and heads the investment research at Alternative Advisors. He has over ten years’ experience in hedge funds manager selection and strategy research at Morgan Stanley’s Graystone, Russell Investments and Tremont Capital Management.
