Paulson To Launch Retail Version Of Flagship In Europe

Jul 22 2010 | 2:08pm ET

Facing its first losing streak and the uncomfortable attention of being associated with the Goldman Sachs fraud case, Paulson & Co. is planning a regulated version of its flagship hedge fund for retail investors.

The New York-based firm plans to launch the UCITS III-compliant vehicle this year. While it will be domiciled in Europe and targeted at European retail investors, the new fund will be open to all investors.

Paulson is the latest hedge fund to jump on the UCITS bandwagon. Dozens of hedge funds—primarily those based in Europe—have launched UCITS-compliant funds in recent months to avoid being shut out of their home markets by proposed European Union alternative investments regulations. UCITS-compliant funds will be exempt from those rules, which remain under consideration by European lawmakers and national governments.

Paulson will launch the fund on Deutsche Bank’s UCITS platform.

UCITS-compliant hedge funds have attracted more than $100 billion. Paulson could use some of those inflows, as his firm has been hit with some uncharacteristic outflows as its flagship Advantage funds suffered a rough first half. Paulson, which manages $31 billion, plans to close the Advantage funds to new investments this summer.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.