SEB's fund of hedge funds arm to launch first Newcits offering
UK-based fund of hedge funds firm, Key Asset Management, is joining forces with one of its owners, Scandinavian bank SEB, to launch its first newcits according to HFMWeek. Currently untitled, the fund is hoping to launch in October and will have no maximum capacity. Regarding the fund’s launch, KAM’s Chief Investment Officer, Chris Jones, was quoted as saying: “Clients want the comfort of a Ucits stamp, as well as the liquidity that can be offered by Ucits.” Further details of the fund will be reported over the coming weeks.
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