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: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note