Wednesday, 30 July 2014
Last updated 10 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…