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