16/06/2010 Author: Shannon Hawthorne

Permal and Strategic launch new Ucits fund

Permal Group and Strategic Investments Group are launching a $250m Ucits III absolute return multi-manager fund called the Active Trading Fund.

London-based investment boutique Alternative Advisors is also set to launch a new Ucits-regulated fund of hedge funds this week.

The moves come as a growing number of hedge funds look to Ucits as a way of providing investor protection while still offering attractive returns.

According to Hedge Fund Research, there are now 400 Ucits-compliant funds launched by hedge fund managers, with total assets of $35bn.

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