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French Ucits hedge fund sees assets increase 2,600 per cent

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The Lutetia Patrimoine Fund, a Paris-based Ucits absolute return fund specialising in merger arbitrage, celebrated its first birthday last week with a 26-fold increase in assets under management.


The Lutetia Patrimoine Fund, a Paris-based Ucits absolute return fund specialising in merger arbitrage, celebrated its first birthday last week with a 26-fold increase in assets under management.

The first offering from independent asset manager Lutetia Capital, the weekly-dealing Patrimoine Fund launched with USD3m on 27 November 2010.

Since then assets have steadily increased to approximately USD80m.
 
Lutetia Capital co-founder Fabrice Seiman says: “We launched the Lutetia Patrimoine Fund with the goal of democratising hedge fund strategies, using a strategy that is rare among Ucits funds. We have shown not only that our strategy can work, but that it can excel in delivering consistent, risk-adjusted returns to investors—within Ucits guidelines for transparency and liquidity. As we always say, slow and steady wins the race. With the M&A cycle continuing to accelerate, we see great things for this fund.”
 
The Lutetia Patrimoine Fund is available through its custodian, BNP Paribas.

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