PDL International, a global provider of alternative investment services, has announced the UK launch of an innovative range of UCITS-compliant hedge funds.
The funds, which are regulated by the Financial Services Authority, are designed to deliver growth irrespective of market conditions and are available to both institutional and retail investors.
The funds are being distributed in the UK by PDL International on behalf of Swiss-based fund manager Salus Alpha. Formed in 2001 and with assets of over USUSD1.2bn under management, the company was the first to obtain UCITS status for a range of hedge fund products and has a strong track record of fund performance.
Sven Kuhlbrodt, Managing Director of PDL International, says: “With the outlook uncertain in the global financial markets, the appetite for alternative, uncorrelated products is increasing among both retail and institutional investors. Our new product range is a unique proposition in the UK, offering investors the chance to grow and preserve capital in uncertain times.”
Oliver Prock, CEO and CIO at Salus Alpha Capital, says: “These funds exhibit attractive absolute return with a low or no correlation to financial markets and low volatility, making them ideal for investors looking to diversify their portfolios. They offer the added benefits of daily liquidity and the comfort UCITS compliance brings.”
