Collins Stewart Fund Management has launched the Collins Stewart Alternative Strategies Fund.
With a target return objective of consistent absolute returns of approximately six to ten per cent per annum, the fund has daily dealing with no lock up periods or redemption penalties.
It is a Ucits compliant fund of Ucits III funds which will be Dublin domiciled from within the existing fund platform.
Mike Brown (pictured), head of sales at Collins Stewart Fund Management, says: “We are excited to be the first to launch a fund of this kind, as we expect the prospect of being able to access funds with hedge fund-like objectives in a regulated fund with daily dealing as being hugely attractive to intermediaries and their clients.
“Our flagship fund of hedge funds is one of the most successful FoHFs on the market, its success driven by our long term experience in alternative investments. Undoubtedly there will be huge demand from investors for absolute return strategies and we believe that thanks to the complexity of the sector, they will require the knowledge and specialisation of a fund of hedge fund manager to help navigate around the pitfalls that could exist.“
