Denmark To Get First UCITS Hedge Fund

Mar 17 2011 | 12:33pm ET

Is Denmark finally buying a ticket for the UCITS III bandwagon?

The country appears poised to get its first domestically-domiciled UCITS-compliant hedge fund sometime in the second quarter, likely its first, HFMWeek reports. The new fund is one of two planned by Danske Invest; the second will be domiciled in Luxembourg with thousands of other UCITS products.

The Danish-domiciled fund with be a foreign exchange strategy. The Luxembourg fund will be an equity long/short vehicle based on an existing Danske hedge fund and is expected to debut next month.

Danske has not yet begun fundraising for the vehicles, but plans to target Nordic and European high-net worth and institutional investors.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...