Managers
Jabre Capital Partners, the Geneva-based hedge fund manager established by Philippe Jabre in 2006, has established a Luxembourg domiciled Ucits umbrella, JabCap (Lux), with one sub-fund, JabCap (Lux) – Global Balanced.
The fund is intended to be the first in a series of Ucits funds to be launched by JabCap.
JabCap has chosen Carne Global Financial Services Luxembourg to assist them in launching the fund.
JabCap says asset allocators are looking for alternative fund products that are risk controlled while at the same time providing attractive returns. Large distributors and the major banks are looking for more alternative Ucits
A survey by London-based KDK Asset Management has found that the vast majority of FoHF managers are heading down the Ucits road, despite their poor performance this year (-0.83 per cent YTD)
US banking giant J.P.Morgan has rolled out a new multi-strategy newcits fund, following its soft launch last month.
Latest figures released by the UCITS Alternative Index Global show that it climbed +0.53 per cent last month, yielding an overall figure of -0.28% YTD.
With only a paltry USD50.7 billion in bonds issued across the Eurozone in May, conditions were far from ideal for Nomura