P-Solve Alternative Investments, a London-based fund of hedge fund manager, has announced that three of its funds of hedge funds are now accessible on Euroclear's Fundsettle investment fund platform.
Making the three funds of hedge funds, which have differing return targets, available on Fundsettle means that institutional and individual investors across Europe can trade the funds electronically.
Fundsettle is part of Euroclear, a settlement system for domestic and international securities transactions, and is fully automated, enabling the P-Solve funds to be accessed by banks, fund supermarkets and asset managers. The system offers investors access to more than 23,000 funds handled by some 400 transfer agents in 20 countries.
Part of the UK-based Punter Southall Group, which was first established as an actuarial consultancy in 1988, P-Solve Alternative Investments manages three funds of hedge funds listed on the Irish Stock Exchange and one fund of hedge funds listed in London. The funds have differing risk profiles but all seek to provide risk diversification relative to traditional asset classes.
'Having experienced increased demand for our fund of hedge funds products from European investors, having the funds available on Fundsettle will make it even easier for institutional and non-institutional investors from Europe to access our products,' says sales director Polly Smith
The three funds are now available on the Aegon/Scottish Equitable, Nucleus, Royal Skandia, Transact, Scottish Widows, Capita, Canada Life and Winterthur investment platforms in the UK as well as Belgium-based Fundsettle and Lombard - part of the UK's Friends Provident group - in Luxembourg.
From 12 offices in the UK, the Punter Southall group offers a range of employee benefit and investment-related services for companies, pension scheme trustees and individuals including actuarial services, corporate transaction advice, independent financial advice for individuals and corporates, investment consulting and management for pension schemes, alternative investment management, investment management for individuals and asset managers and independent trustee services.