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Alternative Market Briefing

Swiss private bank Clariden Leu to launch UCITS fund of hedge funds with Olympia Capital

Monday, August 30, 2010

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Stéphane Julen
Benedicte Gravrand, Opalesque London:

Swiss Private Bank Clariden Leu is launching a UCITS fund of hedge funds on August 31st in association with hedge fund specialist Olympia Capital Management, Stéphane Julen, Head of Hedge Funds at Clariden in Zurich, told Opalesque.

The fund will be called Clariden Leu (Lux) Liquid Alternatives Fund.

Olympia Capital, a fund of funds house with offices in Paris, New York, London and Zurich, will focus on the due diligence of the UCITS funds.

Olympia’s most recent product was a hybrid fund (focused on tackling liquidity problems) called the Dynamic fund, launched in March this year. (See our May-2010 Opalesque Exclusive: Olympia Capital finds profit in risk-regime based portfolio here).

The Clariden Leu (Lux) Liquid Alternatives Fund will be domiciled in Luxemburg, with share classes in USD, EUR and CHF. The aim of the fund is to invest in UCITS compliant funds across multiple alternative strategies, but it will naturally have a bias towards more liquid strategies such as equity long/short and global macro. As the UCITS universe grows, the fund range will be more diverse.

The Swiss bank is planning to register the product for distribution throughout most of Europe including Switzerland, France, Germany, Austria, Ital......................

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