Managers
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
London-based Trafalgar Capital Management, an alternative asset manager established in 2001, announced this week it was m
Brevan Howard has announced it has launched its third newcits to partially replicate the performance of the firm’s USD24billion flagship.
Asian boutique firm, Hamon Asset Management, established by star fund manager Hugh Simon
London-based Heptagon Capital has announced plans to roll out and distribute a UCITS-III version of the Yacktman US Eq
Alternative Ucits funds saw a 70 per cent growth in net new flows in 2010 to September, and are on track to finish 2010 with EUR33bn net new inflows.
This accounts for 15 per cent of total net inflows into all long-term Ucits funds, according to the study by Strategic Insight, commissioned by the Association of Luxembourg Funds Industry with the support of LuxembourgForFinance,
Most of these funds represent hedge-style strategies adapted to the growing need for absolute return solutions. New alternative Ucits launched this year have already captured EUR6bn.
The study shows that alternatives are a growing part of
Trafalgar Capital Management, the London based hedge fund manager, has teamed up with industry veteran Chris Poil to launch its first Ucits regulated vehicle, the Trafalgar Quadrant Fund.
The fund, a European long/short Ucits equity fund, predominately invests in UK equities drawn from the FTSE 350 universe and focuses on recovery situations.
The fund splits companies into four quadrants or segments based on their value and growth characteristics, taking long positions in companies that are priced cheaply with the potential for growth and conversely short positions in expensive businesses that are likely to disappoint.
Poil says: “Strong performance can be
Skandia Investment Group has added the Liontrust Credit Absolute Return Fund to a number of its portfolios in an investment worth GBP19m.
The fund, managed by Simon Thorp and James Sclater, is a Ucits III absolute return fund focused on credit opportunities across Europe.
The fund invests in both long and short opportunities and focuses on the most liquid parts of the credit markets.
Thorp and Sclater – who between them have 40 years’ experience – are supported in managing the fund by analysts Paul Owens and Quentin Peacock.
Skandia’s GBP19m investment has come from a number of its multi-manager
A new study produced by HedgeFund Intelligence has found that the returns generated by onshore UCITS are broadly in line with their offshore hedge fund equivalents.
With UCITS assets in excess of USD5.6trillion and 59 per cent of managers with AUM of USD1billion or more running a UCITS platform (according to a recent Preqin report), Societe Generale has
