Sunday, 29 March 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…