Saturday, 29 April 2017
Last updated 17 hours ago
Apr 27 2012 | 4:32am ET
SWM Swiss Wealth Management has rolled out a fund of UCITS IV-compliant hedge funds.
The US$300 million Lugano-based firm launched the CB-Accent Lux Alternative Alpha Evolution fund at the beginning of the month, HFMWeek reports. The fund will have between 25 and 35 underlying funds, run by managers including Amundi Alternative Investments and Dalton Strategic Partnership, and featuring a diversified group of strategies.
CB-Accent currently manages US$20 million and has a US$100 million capacity for its first year.
"Investors need UCITS safety and a hedge fund manager's skills," SWM's Gabriele Gentile told HFM.
CB-Accent will charge 1.5% for management and 15% for performance.