Tuesday, 30 September 2014
Last updated 2 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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