Friday, 27 November 2015
Last updated 1 day ago
Oct 2 2009 | 2:32am ET
The fervor for UCITS III-compliant hedge funds has gone meta, with the debut of a UCITS-compliant fund of UCITS-compliant hedge funds.
The new vehicle is the brainchild of Switzerland’s 3A, which launched the fund yesterday. 3A Dynamic UCITS III invests exclusively in UCITS-compliant hedge funds, and is itself UCITS-complaint, the firm said. The fund, which offers bi-monthly liquidity, will invest in between 18 and 25 hedge funds, seeking returns of between 6% and 8% annually. It is available denominated in U.S. dollars, euros and Swiss francs, and will be marketed exclusively to professional clients.
The new fund of funds is also available in two share classes. The first, which has a US$10,000, €10,000 or 10,000 Swiss franc minimum investment, charges 1.5% for management and 7.5% for performance, while the second, which requires 1,000,000 of whatever currency you choose charges only 1% for management and 7.5% for performance.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…