19/07/2011 Author: Leah Quinn

Alceda launches two new Ucits funds

Alceda Fund Management announced today that it is launching two new Ucits funds on its platform, in what the firm sees as another example of the increasing globalisation of the Ucits brand.

The first fund, US based ED Capital Management, specialises in capital and real estate markets of Russia. Its Hudson River Russia Growth Fund aims to maximise absolute, risk-adjusted returns by investing both long and short in actively traded equity and equity-related securities of companies with main business operations in Russia and the CIS.

The second fund is the UK based Tideway Investment Partners, which focuses on top-down investing in medium term macro-economic themes. Its Global Navigator Fund has diversified return attribution of Fixed Income (50%); Foreign Exchange (35%); Other (15%).

In response to this launch CEO of Alceda, Michael Sanders said: “We’ve been doing roadshows in the USA and the UK for a while and have had a lot of interest. We’re very pleased to see our first funds from both these countries launch on the platform.

He continued: “It’s very significant for us as we have thought for a while that Ucits funds offer a good alternative to managers as investors look for something more regulated and transparent than the offshore counterparts.”