Sunday, 28 December 2014
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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