Sat, May 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Geneva-based firm Alix Capital launches the first investable 'UCITS Alternative Index'

Tuesday, November 30, 2010
Opalesque Industry Update - Palaedino Asset Management, advisor to the Axiom Fund, and Alix Capital, provider of the UCITS Alternative Index are proud to announce the launch of the first investable “UCITS Alternative Index®”. The Axiom UCITS Alternative Investable Index Fund (“the Axiom Fund”) is a UCITS III SICAV registered with the CSSF in Luxemburg offering weekly liquidity. The new Fund aims to replicate the UCITS Alternative Blue Chip Index (“the Blue Chip Index”).

The objective of this Index is to provide a fair, reliable and unbiased representation of the UCITS absolute return performance. The Index consists of a sample of the 50 top equally weighted UCITS hedge funds. Fund selection follows transparent, rule-based and replicable selection criteria and is overseen by an Index Committee. The Blue Chip Index is rebalanced quarterly. Although it is still reserved for institutional clients, the Axiom Fund will shortly be registered in a number of European countries, including Switzerland, which will enable it to be accessible to the general public.

Alessandro Mauceri, CEO of Palaedino Asset Management, says: ”I strongly believe that UCITS alternative funds are not hype but are here to stay - especially in the aftermath of the 2008 problems encountered by offshore hedge funds, such as gates, side pockets and suspension. When investing in hedge funds, investors now demand the same level of protection as that offered by onshore regulated funds. This product will provide broad exposure to the performance of alternative strategies available in the UCITS III universe within a well-diversified and liquid product.”

Louis Zanolin, CEO of Alix Capital, says: “We are delighted and enthusiastic about this positive evolution of the UCITS Alternative Index. Since the launch of the different benchmarks we have received a great deal of interest in tracker products from a variety of investors. The Axiom Fund is therefore a natural evolution for the UCITS hedge funds in general and the UCITS Alternative Index in particular.”

(press release)

About the UCITS Alternative Index
The UCITS Alternative Index series is the industry's leading benchmark for UCITS hedge funds. The series of indices tracks the performance of both global and strategy-specific UCITS hedge funds; the UCITS Alternative Index series is equally weighted. The inception of the UCITS Alternative Index Global occurred on 1 January 2006, with that of all other indices on 1 January 2008. Information on performance is accessible on the UCITS Alternative Index website www.ucits-alternative.com. The UCITS Alternative Index is a registered trademark and Alix Capital is the exclusive agent for the UCITS Alternative Index.

About Palaedino Asset Management
Palaedino Asset Management is an arm of the Palaedino Group. The Group was set up in 2006 by skilled professionals. Palaedino Asset Management is an independent company which manages assets for institutional clients and high net-worth families. The Company specializes in inventive strategies with a focus on capital preservation. www.palaedinoam.ch.

About Alix Capital
Alix Capital is a Geneva-based investment company specializing in alternative investments. Founded by a team of experienced alternative investment specialists and the Palaedino Group, a Swiss-based private wealth-management company, Alix Capital provides research and advisory services to the institutional investor community in the field of absolute return investing. The Company is responsible for the calculation, licensing, branding and marketing of the UCITS Alternative Indices. Alix Capital also publishes the UCITS Alternative Quarterly Industry Report, the leading industry report dedicated to the UCITS hedge fund industry. www.alixcapital.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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit