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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of