Paulson UCITS Fund Launches With $100M

Dec 15 2010 | 10:10am ET

Paulson & Co. has raised more than US$100 million for a UCITS III-compliant retail version of its flagship hedge fund.

The DB Platinum IV Paulson Global Fund debuted last week on Deutsche Bank's UCITS platform. The fund is based on Paulson's Advantage fund, which is up 1.8% this year.

New York-based Paulson currently manages about US$33.6 billion.

"Implementing our existing event arbitrage strategy via a UCITS vehicle allows us to provide a liquid, regulated, onshore European fund that helps us further diversify our investor base," firm founder John Paulson said.

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