Key Plans UCITS Fund Of Hedge Funds

Aug 19 2010 | 1:34pm ET

Fund of hedge funds shop Key Asset Management is getting on the UCITS III bandwagon.

The London-based firm plans to launch its first UCITS-compliant in October, HFMWeek reports. The fund will offer daily liquidity and have no maximum capacity, at least initially, Chris Jones, the firm’s chief investment officer, said.

“We have definitely perceived a need, especially in the high-net worth area,” he said. “Clients want the comfort of a UCITS stamp, as well as the liquidity that can be offered by UCITS.”

While the unnamed fund is Key’s first, the firm’s parent, Swedish bank SEB, already offers several UCITS-compliant hedge funds, and Key’s effort is “well-supported by SEB,” Jones said.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.