Pictet Launches First UCITS-Compliant Hedge Fund

Apr 15 2010 | 10:19am ET

Swiss private bank Pictet & Cie. has launched a UCITS III-compliant version of its three-and-a-half-year-old European long/short hedge fund.

The PTF(LUX)-Corto Europe fund will follow a strategy similar to Pictet Funds’ Corto European Fund. That vehicle, domiciled in the Cayman Islands, has enjoyed 7.6% annualized returns since its debut in August 2006.

Pictet plans to register the new fund in most major European countries. Initially, it will be offered in three share classes—euro, U.S. dollar and Swiss franc—but Pictet has not ruled out adding other currencies depending on demand.

The new fund will be managed by Nils Francke and Philippe Sarreau. The fundamental-research-based fund will concentrated on smaller mid-cap companies—those with a market cap of less than €5 billion.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...