Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Jabre launches first in a series of UCITS funds with help from Carne Global

Tuesday, August 17, 2010
Opalesque Industry Update - Jabre Capital Partners S.A. (“JabCap”), the Geneva based hedge fund manager established by Philippe Jabre in 2006, has established a Luxembourg domiciled UCITS umbrella, JABCAP (LUX), with one sub – fund: JABCAP (LUX) - Global Balanced.

The fund is intended to be the first in a series of UCITS funds to be launched by JabCap. JabCap chose Carne Global Financial Services Luxembourg (“Carne”) to assist them in launching their UCITS fund, given the depth of experience that Carne has with UCITS and particularly with assisting alternative managers in launching UCITS products.

Asset allocators are looking for alternative fund products that are risk controlled while at the same time providing attractive returns. Large distributors and the major banks are looking for more alternative UCITS fund products for their asset allocation strategy, for example in the construction of UCITS funds of alternative UCITS funds. Huge opportunities exist for alternative fund managers to tap into this market and create products to satisfy this growing appetite.

Carne has advised many of the top 20 hedge fund managers in Europe on aspects of UCITS, including product development and design, service provider selection, compliance and risk management. Carne is represented on the board of JABCAP (LUX) by Justin Egan, who is MD of Carne Luxembourg, as Chairman and independent director and Tracey McDermott as independent director. Additionally, Carne Luxembourg is providing Luxembourg based dirigeants.

John Donohoe, Chief Executive Officer of Carne, said: “Carne is delighted to work with a firm as highly regarded as Jabre Capital, a leader in the global alternative investment management industry.

We are experiencing great interest in what UCITS has to offer alternative mangers and investors. We are also working with many wealth managers who are establishing alternative UCITS products for distribution to their investors, so that they can access steadier and risk controlled returns. I see it as part of Carne’s role to educate the global market on the advantages of UCITS funds.”

(press release)


Carne Global Financial Services (UK) Limited www.carnegroup.com

Jabre Capital Partners S.A. www.jabcap.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  5. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic