The first two funds on LFG’s Liquid Alpha UCITS Platform (LAUP) have gone live. The funds, which both launched on 1 February 2011, are CastleRock Asset Management’s US Liquid Equities Fund, and Sabre Fund Management’s All Weather Fund.
CastleRock launched with USD25m of assets, and Sabre with USD22m.
In the pipeline scheduled to launch on LAUP in Q1 2011 are a further eight funds, including funds from RAB Capital, Act II, Fortinbras Asset Management and RP Capital.
LAUP is LFG’s one-stop independent and open-architecture platform for hedge fund managers to set up a European domiciled hedge fund or fund of hedge funds. Integrated with LFG’s substantial in-house distribution and deep knowledge of the UCITS market, it offers one of the most attractive all round UCITS packages in the industry.
“LAUP is now well on its way to being the leading independent UCITS solution for hedge funds. CastleRock and Sabre present compelling investment propositions, and we are delighted to be partnering with them for UCITS”, says Gareth James, Head of Head Fund Solutions at LFG.