French Firm Launches UCITS-Compliant Hedge Fund

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...