Bryan Garnier Asset Management (BGAM) has launched the Bryan Garnier Umbrella Fund Sicav.
The fund is domiciled in Malta and externally managed by Bryan Garnier Asset Management in France which is regulated by the Autorité des Marchés Financiers (AMF).
Top tier service providers have been selected with Deutsche as custodian, fund administrator and responsible for FX share class hedging while PwC will be the auditor and Lecocq Associate external legal counsel.
Vania Mareuse, managing partner of BGAM, says: “It has taken some time to arrive at this point but we are extremely happy with the structure, the service providers we have on board and of course the hedge fund managers who will be represented on our platform.”
Madison Street Partners, a US hedge fund manager based in Denver, Colorado will be the first sub-fund on the platform.
Drew Hayworth, founder and fund manager at Madison Street Partners, says: “We chose Bryan Garnier's platform for its Ucits offering because of their expertise and unwavering commitment to build and grow the product. Our strategy fits very well within the Ucits platform and we are excited about partnering with Bryan Garnier to offer a US based manager to the Ucits marketplace.”