Griffin Capital Management is planning to offer two UCIT III-compliant hedge funds in the U.K.
The firm is already permitted to market is European Opportunities and Eastern European Value funds in Germany, Austria, Sweden and Switzerland. But now the firm is looking to the continent’s hedge fund capital, considering seeking U.K. distributor status for the funds.
Kaspar Bonde Eriksen told the Financial Times that British interests in the products was “sufficient to go ahead.”
Griffin moved the two hedge funds onshore last year, switching their domiciles from the Cayman Islands to Dublin, Ireland, and becoming UCITS compliant. Its flagship European Opportunities fund manages €72 million, while its Eastern European fund manages €82 million.
The former fund was up 30% last year, while the latter returned 42%.