Thursday, 29 January 2015
Last updated 27 min ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…