Sunday, 29 November 2015
Last updated 1 day ago
Nov 30 2010 | 7:49am ET
Swiss private wealth manager Palaedino Asset Management is launching the first investable UCITS alternative index—the Axiom UCITS Alternative Investable Index Fund.
The Geneva-based company, an arm of the Palaedino Group, is launching the fund in conjunction with Alix Capital—another Palaedino Group offshoot, and, as of December 1, 2010, the provider of the UCITS Alternative Index.
The Axiom Fund is a UCITS III SICAV registered in Luxemburg that aims to replicate the UCITS Alternative Blue Chip Index. The fund will offer weekly liquidity.
The UCITS Alternative Index is intended to give a fair representation of the UCITS absolute return performance. It includes the 50 top, equally weighted UCITS hedge funds.
Although currently reserved for institutional clients, the Axiom Fund will be registered in a number of European countries making it accessible to the general public.
Alessandro Mauceri, CEO of Palaedino Asset Management, said: ”I strongly believe that UCITS alternative funds are not hype but are here to stay—especially in the aftermath of the 2008 problems encountered by offshore hedge funds, such as gates, side pockets and suspension. When investing in hedge funds, investors now demand the same level of protection as that offered by onshore regulated funds.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…