Friday, 9 October 2015
Last updated 1 hour ago
Jun 11 2010 | 11:57am ET
London-based Alternative Advisors is adding another vehicle to the UCITS III explosion with a fund of hedge funds launch next week.
The firm’s Castillon Diversified Fund will debut on Wednesday, the firm said, with €60 million in initial assets. The euro-denominated fund will be managed by William Kitchin, head of investment research at Alternative Advisors. Before joining that firm, Kitchin did stints in hedge fund manager selection and strategy research at Morgan Stanley, Russell Investments and Tremont Capital Management.
To maintain its UCITS compliance, Castillon will invest only in UCITS-compliant absolute return funds and regulated financial instruments.
The fund, which offers weekly liquidity, will charge its retail investors a 1.25% management fee, while institutional investors will pay 1%. All investors will pay a 10% performance fee above the three-month LIBOR rate.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…