Friday, 29 August 2014
Last updated 3 hours ago
Nov 29 2010 | 10:15am ET
The Lutetia Patrimoine Fund, a Paris-based UCITS absolute-return fund specializing in merger arbitrage marked its first birthday with a 26-fold increase in assets under management, which now stand at about $80 million.
A first offering from independent asset manager Lutetia Capital, the weekly dealing Patrimoine Fund was launched Nov, 27, 2009, with $3 million.
Lutetia Capital co-founder Fabrice Seiman said: “We launched the Lutetia Patrimoine Fund with the goal of democratizing hedge fund strategies, using a strategy that is rare among UCITS funds. We have shown not only that our strategy can work, but that it can excel in delivering consistent, risk-adjusted returns to investors—within UCITS guidelines for transparency and liquidity. As we always say, slow and steady wins the race. With the M&A cycle continuing to accelerate, we see great things for this fund.”
The Lutetia Patrimoine Fund is available through its custodian, BNP Paribas.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...