As of 19 February 2016, the Skënderbeg Fund, a sub-fund of Skënderbeg Funds SICAV, has been transformed into a UCITS structure, which is designed to providing access to alternative investments in a liquid and transparent format.
A statement from Skënderbeg says: “We believe that UCITS funds offer investors the best of both worlds – the flexibility and convenience of mutual funds and the potential advantages of alternative investments. As a result of the conversion, the liquidity of the Skënderbeg Fund will be improved (from monthly with 45 days redemption notice to weekly with 5 business days redemption notice), and the minimum investment will be lowered (from USD 250’000 to 1 share, which is roughly USD 1'000).
