Rasini Fairway Capital has redomiciled its Stafford SICAV – Global Equity Fund to Luxembourg in a UCITS regulated format using the Alceda UCITS Platform (AUP).
Rasini Fairway Capital is an independent financial advisory company with offices in Zurich and London and a 20 year track record of managing long/short equity fund-of-hedge funds (FoHF).
The Stafford SICAV – Global Equity Fund is the flagship fund of Rasini Fairway. Stafford SICAV is a former British Virgin Islands (BVI) domiciled fund that was launched on 1 April 1993 as SF Fund Ltd and was recently re-domiciled to Luxembourg by Alceda.
The AUP enables fund and asset managers to structure their investment strategies in a UCITS format, which is a stamp of EU-wide regulatory approval and qualitative hallmark for transparency and risk management.
UCITS vehicles continue to attract global interest and growth, as evidenced in the 2013 Credit Suisse Global Survey of Hedge Fund Investor Appetite and Activity. The survey showed European investors as the most active in UCITS with 32 per cent planning to increase their allocation. It also revealed a strong demand for long/short equity strategies, with net demand up 24 per cent from last year, making it the most sought after strategy. The Stafford SICAV stands to be a beneficiary of this clear trend.
Helmut Hohmann (pictured), managing director, Alceda Fund Management, says: “Alceda is benefitting from the increasing trend of offshore hedge funds moving to onshore structures and domiciling in Luxembourg. Contributing factors for a rise in demand and numbers of UCITS-compliant funds are investor concerns about transparency, liquidity and risk management as well as future regulatory changes through the Alternative Investment Fund Manager Directive (AIFMD). We enable fund and asset managers such as Rasini Fairway, to deepen their investor base under the badge of an onshore UCITS structure and are delighted that they have chosen the Alceda UCITS Platform to onshore their flagship Stafford SICAV fund.”
Francesco Andina, partner, Rasini Fairway Capital, says: “With this step we fulfil the increasing demand for a regulated and more liquid investment vehicle while sticking to our successful investment philosophy. By investing in the Stafford SICAV-Global Equity Fund investors will receive the opportunity to extend their traditional equity allocation. With a track record of 20 years of investing in long/short equity, Rasini Fairway Capital has demonstrated that its fund-of-hedge funds can keep pace with markets, while de-risking the portfolio during inevitable market setbacks.”