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Estlander & Partners launches Freedom Fund Ucits

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Finnish fund manager, Estland & Partners, has this week announced the launch of its first UCITS III-compliant fund – the Estland & Partners Freedom Fund UI.

Finnish fund manager, Estland & Partners, has this week announced the launch of its first UCITS III-compliant fund – the Estland & Partners Freedom Fund UI. With USD550 million in AUM, the firm already runs three successful systemic CTA funds: Estland & Partners Freedom, Estland & Partners Global XL and Estland & Partners Alpha Trend. The new Germany-domiciled UCITS fund will look to replicate the latter two managed futures strategies and provide investors (Germany to begin with, other European jurisdictions to follow) with exposure in equity indices, interest rates, currencies and commodity indices. The fund will use a total return swap provided by Newedge Group’s UCITS platform; Newedge is a 50-50 joint venture between Societe General and Credit Agricole CIB. BNY Mellon Asset Servicing will be custodians, whilst one of Germany’s largest independent investment companies, Universal Investment, will act as the fund’s Investment Company and administrator.

 
Actual size of the managed futures UCITS is not known at this stage. Retail investors will be charged 2.25 per cent in management fees, with institutional investors paying 1.25 – 1.50 per cent depending on share class. Commenting on the launch of the Freedom Fund newcits, Estland & Partners’ CEO Martin Estlander (pictured) said: “Providing investors (sic) access to our strategy through a Ucits-III compliant format with top partners offers investors liquidity and the security of a highly regulated fund without compromising performance potential, as the chosen structure puts no constraints on efficient portfolio management and positioning will be identical to our non-Ucits fund.” CTA Ucits have returned -2.01 per cent YTD according to the UCITS Alternative Index.

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