Thursday, 5 March 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…