Loomis Sayles Plans UCITS Credit Fund

Jun 17 2013 | 12:59pm ET

Loomis Sayles is set to launch a UCITS-compliant version of its long/short credit hedge fund.

The Boston-based firm is working with Deutsche Asset & Wealth Management on the product, which will debut on July 1 on Deutsche's dbalternatives platform.

"It's going to be managed on a pari passu basis to the existing process" for the six-year-old, US$1.1 billion Credit Long/Short Fund, managing director Jeff Seaver told Citywire Global. "The managed account we have been running has a very low tracking error to the existing strategy."

The UCITS fund will be domiciled in Luxembourg.

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