Tuesday, 29 July 2014
Last updated 3 hours ago
Nov 30 2009 | 2:46am ET
France’s Laffitte Capital Management has hopped on the UCITS III bandwagon.
The French alternative investment firm launched its Laffitte Equity Arbitrage fund last week. The UCITS III-compliant fund has a minimum requirement of just €1,000.
“Institutions such as insurance companies like investments in UCITS-regulated fund after the problems many of them had with their alternative investments last year due to illiquidity and leverage,” Laffittee co-founder David Lenfant told Reuters.
Laffitte manages €43 million. Lenfant said the firm was moving toward more highly-regulated vehicles after its Risk Arbitrage Fund saw about 70% of its assets frozen when Lehman Brothers collapsed. Lehman was the fund’s prime broker. The fund’s assets have since been returned.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…