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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...