Newedge has been appointed as swap counterparty to two new Ucits funds under the Nuveen Global Investors Fund umbrella.
The new funds are Irish-domiciled and Ucits IV compliant. They are managed by Gresham Investment Management, an investment affiliate of Nuveen, which is one of the world’s largest commodities investment managers.
Andrew Dollery (pictured), director, origination and structuring for Ucits funds at Newedge, says: “We are excited about working with a manager of Gresham’s pedigree and experience in this space. Today’s announcement is further recognition of our ability to offer clients innovative Ucits compliant services.
“Nuveen’s decision to bring one of the leading US commodity managers into Ucits is further validation of the important role regulated onshore investment products now play in the alternative investment community.”
David Levi, Nuveen Investments managing director for global business development, says: "We are delighted to partner with Newedge as the swap counterparty to these funds as their expertise helps facilitate our ability to offer investors exposure to Gresham’s Tangible Asset Programme in a Ucits-compliant format. We believe the products provide important diversification benefits to many traditional investor portfolios outside of the US.”
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