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

CastleRock and Sabre funds go live on Liquid Alpha UCITS Platform, 8 other funds to go live this quarter

Thursday, February 03, 2011

Gareth James
Opalesque Industry Update - CastleRock launched with $25m of assets, and Sabre with $22m. Full information on each fund is available for institutional investors on www.laup.lu.

In the pipeline scheduled to launch on LAUP in Q1 2011 are a further 8 funds, including funds from RAB Capital, Act II, Fortinbras Asset Management and RP Capital.

LAUP is LFG’s one-stop independent and open-architecture platform for hedge fund managers to set up a European domiciled hedge fund or fund of hedge funds. Integrated with LFG’s substantial in-house distribution and deep knowledge of the UCITS market, it offers one of the most attractive all round UCITS packages in the industry.

“LAUP is now well on its way to being the leading independent UCITS solution for hedge funds. CastleRock and Sabre present compelling investment propositions, and we are delighted to be partnering with them for UCITS” Gareth James, Head of Head Fund Solutions at LFG, said.

CastleRock’s founder, Paul P. Tanico, said ““We are excited about the opportunity to partner with LFG on the launch of our UCITS III fund, CastleRock US Liquid Equities, as we believe they understand best the incredible opportunity this vehicle presents for funds like ours. We have generated 983 basis points of annualized outperformance, net of fees, versus the S&P 500 since our offshore fund’s inception in 1996 and believe our investment process is repeatable. We feel confident in our ability to continue generating positive absolute returns in the U.S. equity market, as profit margins are high, free cash flow generation and yields represent the most attractive levels seen over the past 50 years. Institutional investors will gravitate toward equity strategies given the low absolute return prospects for fixed income markets and now that we offer a UCITS III fund, a broader group of investors can access our proven stock picking strategy.”

Melissa Hill, the Managing Partner of Sabre, adds “Sabre chose LFG for this important UCITS project as we were impressed with their ability to deliver a cost effective personal and highly professional service to tight deadlines.”

Source

kb

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: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe