Signina Redomiciles Funds In Luxembourg

Sep 29 2010 | 8:21am ET

Another European hedge fund has moved its products onshore in advance of (increasingly unlikely) new European Union rules covering hedge funds.

Signina Capital is redomiciling its Cayman Islands funds in Luxembourg. The Swiss fund of hedge funds said that the move was motivated by client demands, and that it would move other funds to Europe from the Caymans.

“Particularly after 2008, our clients have become accustomed to strong corporate governance, high levels of transparency and liquidity,” founder Martin Klöck said.

The firm recently hired Northern Trust as its administrator. “Fund managers are hearing from investors, who continue to demand increased transparency, greater control and more robust governance frameworks for their alternative investments,” Ian Headon, Northern Trust’s product development head for hedge funds and funds of hedge funds in Europe.

“We were looking for a jurisdiction and a provider that would enhance our ability to meet our clients’ needs and Northern Trust had the experience and product expertise to support these requirements.”


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note