Sat, Sep 5, 2015
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. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner