Friday, 31 July 2015
Last updated 8 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…