Tuesday, 27 January 2015
Last updated 2 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…