Advent Planning Q2 Launch of Global Opportunities UCITS Fund

Mar 26 2015 | 10:49am ET

Advent Capital Management is aiming for the second quarter to launch its new UCITS-compliant version of its Global Opportunity Fund.

The New York asset manager announced in late February that it was readying an Ireland-domiciled vehicle complaint with the UCITS IV framework. 

Advent, which manages $8.5 billion in assets, is the latest U.S. alternative asset manager to explore creation of regulated, onshore vehicles that mimic offshore hedge fund strategies. Demand for such regulated access to offshore strategies has been particularly strong in Europe, which has led to a surge in UCITS listings by U.S. managers.

The new UCITS fund will closely mirror Advent’s Cayman-based Global Opportunities Fund, which focuses on credit, event-driven and relative value investments. As an extension of the offshore fund, it will be managed by Advent portfolio managers Odell Lambroza and Matthew Dundon.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...