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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...