Fri, Sep 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Estlander & Partners launches new UCITS III fund

Tuesday, October 19, 2010
Opalesque Industry Update - Estlander & Partners announced today the launch of the UCITS III compliant Estlander & Partners Freedom Fund UI. The German domiciled fund is a Ucits III compliant version of the successful non-Ucits Estlander & Partners Freedom fund. The fund realizes a combination of the company’s long-term successful managed futures strategies Global XL and Alpha Trend.

Estlander & Partners has a 19 year track record which shows a 14% average annual return with a 16% volatility. The track, which is a composite of all mandates managed by the company, shows a maximum drawdown on a monthly basis of 16%. All calendar years show a positive return, which substantiates the absolute return character of Estlander & Partners investment approach, which is implemented in the new Estlander & Partners Freedom Fund UI. Therefore, the fund uses a total return swap that is provided by Newedge Group's UCITS III compliant platform and participates in the performance of the Estlander & Partners Global Systematic Index.

The strategies have the freedom to dynamically allocate risk exposure to the following four asset classes, equity indices, interest rates, currencies and commodity indices. They rely on proprietary methodologies for the quantitative analysis of market prices and fundamental information.

Investors in the UCITS III Fund can benefit from daily liquidity. The Fund will initially be distributed in the German market, other European countries will follow. Universal-Investment with more than € 124 billion of funds under administration will be acting in the capacity of Investment Company & Administrator to the fund, while Newedge will provide the brokerage service off its Ucits III compliant platform.

Martin Estlander, CEO of Estlander & Partners said, “Our mission is to help investors reach greater investment success by offering a fund which truly diversifies a portfolio of risky assets, such as equities, bonds or hedge funds. This is particularly important in times when investors have few places to hide when global correlations peak when they are needed to be low. Providing investors access to our strategy through a Ucits III compliant format with top partners offers investors liquidity and the security of a highly regulated fund without compromising performance potential, as the chosen structure puts no constraints on efficient portfolio management and positioning will be identical to our non-ucits fund.”

Universal-Investments spokesman of the management board Bernd Vorbeck said, “The Estlander & Partners Freedom Fund UI is a great enrichment for UI-Newcits, Universal-Investments platform for the new funds generation of so called Newcits funds”. Using liquid alternative investment strategies, these newcits funds fall under the strict regime of European UCITS III regulation.

Philippe Teilhard, Global Head of the Prime Brokerage Business Line at Newedge, said, “We have seen a significant growth in investors looking to allocate capital to liquid and transparent hedge fund strategies. The launch of the Newedge UCITS III compliant servicing platform is a significant milestone in our continued innovation and value added initiatives in this area. Working with leading hedge fund managers to create a non-conflicting product offering is very attractive to investors wanting to access the performance returns of best-of- breed hedge funds and CTAs that offer a UCITS compliant investment solution within their product range.” Corporate website: www.estlanderpartners.com

- FG

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big