UBS Hedge Fund Solutions (HFS) is repositioning the UBS Multi Strategy Alternatives fund, a UCITS fund investing via DB Platinum IV UBS Multi Strategy Alternatives.
The Fund commenced trading in September with USD490 million in AUM and six high conviction hedge fund strategies across equity hedged, trading and relative value strategies, with the intention to opportunistically add more managers over time. Each account in the Fund is managed by its allocated sub-investment manager, resulting in the fund directly owning the underlying securities and avoiding an additional layer of expenses. The Fund, managed to be UCITS-compliant overall, allows for a wider choice of strategies and sub-managers, with tailored investment mandates to suit the portfolio whilst offering investors a lower cost/daily dealing UCITS solution.
Bill Ferri, Head of Americas and Head of Multi-Manager Solutions at UBS Asset Management, says: “We believe our new fund structure offers clients a compelling investment opportunity in the ‘alpha space’, while accommodating daily liquidity and an attractive expense ratio. The fund is an evolution of UBS (Lux) Key Selection SICAV – Global Alpha Opportunities fund, building on its successful track record focused on risk-adjusted returns for clients.”
Karan Sarda, Head of Hedge Fund UCITS at DWS, and manager of the DB Platinum platform, says: “We believe a multi-manager fund is a more effective way to offer an actively managed portfolio of hedge fund strategies in UCITS. After pioneering this UCITS solution with our first such launch in 2010, we are now delighted to work with UBS Hedge Fund Solutions, one of the largest global hedge fund investors, to deliver their expertise more efficiently in UCITS and provide investors with diversification to traditional asset classes.”
