LFG Launches UCITS Platform with 2 Funds

Feb 3 2011 | 12:14pm ET

Boutique asset manager Luxembourg Financial Group has launched its Liquid Alpha UCITS Platform with two funds: CastleRock Asset Management’s US Liquid Equities Fund and Sabre Fund Management’s All Weather Fund.

CastleRock launched with assets of $25 million and Sabre with assets of $22 millon.

LFG plans to launch eight additional funds in Q1 2011, including those from RAB Capital, Act II, Fortinbras Asset Management and RP Capital.

The Liquid Alpha UCITS Platform is an independent and open-architecture platform allowing hedge fund managers to set up European domiciled hedge funds or funds of hedge funds.

“CastleRock and Sabre present compelling investment propositions, and we are delighted to be partnering with them for UCITS” said Gareth James of LFG.
CastleRock founder, Paul P. Tanico, said: “We feel confident in our ability to continue generating positive absolute returns in the U.S. equity market, as profit margins are high, free cash flow generation and yields represent the most attractive levels seen over the past 50 years. Institutional investors will gravitate toward equity strategies given the low absolute return prospects for fixed income markets and now that we offer a UCITS III fund, a broader group of investors can access our proven stock picking strategy.”

Sabre Managing Partner Melissa Hill said: “Sabre chose LFG for this important UCITS project as we were impressed with their ability to deliver a cost effective personal and highly professional service to tight deadlines.”

Luxembourg Financial Group is a structured products boutique and specialist asset manager with AUM of $3 billion and offices in Luxembourg, London, Bahrain and Stamford, Conn.

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