Pictet UCITS Credit Fund Jumps To €330 Million

Mar 2 2012 | 8:10am 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of