Two new funds from US and UK fund managers are being launched on Alceda Fund Management’s platform the firm announced this week.
Two new funds from US and UK fund managers are being launched on Alceda Fund Management’s platform the firm announced this week. The US fund manager is ED Capital Management LLC who specializes in capital and real estate markets in Russia and the ex-Soviet states. The Hudson River Russia Growth Fund will trade long/short equities and equity-related securities to generate risk-adjusted absolute returns. The UK manager is Tideway Investment Partners, whose Global Navigator Fund will focus on medium-term macro-economic themes. Fixed income (50 per cent) and Foreign Exchange (35 per cent) will make up the majority of allocations in the portfolio, which has a target annualised return of 8 per cent, net fees. Alceda said it had helped shape each fund from inception through to launch. With over USD6billion in assets under administration – USD4billion of which are on its UCITS platform – the firm is one of Europe’s leading independent structuring specialists. “We’re very pleased to see our first funds from both these countries launch on the platform. UCITS funds offer a good alternative to managers as investors look for something more regulated and transparent than the offshore counterparts,” said Alceda CEO, Michael Sanders (pictured).
