Pictet UCITS Credit Fund Jumps To €330 Million

Mar 2 2012 | 7:10am ET

Investors are flocking to Pictet Asset Management's UCITS III-compliant credit hedge fund, thanks to an unexpectedly "warm response" from the institutional community.

Pictet's Total-Return Kosmos Fund, which debuted in June with €66 million, now manages €330 million. Some €190 million of the new money has poured in since November, HFMWeek reports.

Kosmos, which has returned 3.11% since its launch, is focused on Europe and North America. It is managed by Raymond Sagayam and Kazik Swiderski.

Pictet expected the fund to be popular with retail investors and funds of funds. But the firm has gotten a "warm response" from pensions and insurance companies in Europe, as well as some interest from the Middle East


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...