Asia-focused hedge fund shop Tiburon Partners is the latest to jump on the UCITS III bandwagon.
The London-based firm will launch a UCITS-compliant version of its Tiburon Tiger Fund next month. The vehicle, Tiburon Taurus, will use the same Asia ex-Japan long/short strategy as the Tiger fund, except that the UCITS fund will be barred from some of the illiquid investments in the Tiger fund. It will also feature the same management team, Mark Fleming and Mark Martyrossian.
Tiburon will launch pound Sterling and unhedged sterling share classes on the new fund on the Irish Stock Exchange.
The Taurus fund will charge 2% for management and 20% for performance, with a £10,000 minimum investment.