Signet, the London and Swiss-based fund of hedge funds management and advisory group, is preparing to launch the Signet Multi-Strategy Fund; the USD1.4 billion group’s first UCITS-compliant FoUHFs vehicle. With a global mandate that will enable it to invest in roughly 15 hedge funds, the newcits has been created in response to demand from would-be investors, both institutional and private, across the UK, Europe and Asia looking for the comfort of regulatory transparency. Although unavailable for comment at the time of writing, Tim Gardner (pictured), Signet’s Global Head of Sales, was quoted in Citywire as saying: “Our clients have asked for, and we have delivered, a genuine fund of UCITS hedge funds - not a wrapper or an index. Because the underlying funds will be UCITS-regulated, they will be subject to strict limits on leverage and liquidity.” Hedgeweek understands that the fund’s investment strategy will consist mainly of long/short equity and fixed income to achieve low volatility returns within a multi-strategy framework, although global macro and other strategies will also be considered. The fund will be Dublin-domiciled.


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