Monday, 25 July 2016
Last updated 1 hour ago
Jan 25 2011 | 8:30pm ET
Aspect Capital has jumped onto the UCITS III bandwagon, offering a regulation-friendly version of its algorithmic trading hedge fund.
The London-based firm is already trading the UCITS-compliant version of its flagship, which has been seeded with partner capital and one outside investor, the Financial Times reports. But Aspect, which has £2.6 billion in assets under management, plans to begin fundraising shortly, hoping to raise “hundreds of millions” of pounds.
The Aspect Diversified fund, upon which the new fund is based, is a quantitative trend-following futures vehicle.