Wed, May 24, 2017
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. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  2. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  3. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  4. J.P. Morgan Asset Management launches ultra-short income ETF[more]

    Komfie Manalo, Opalesque Asia: J.P. Morgan Asset Management, the $1.5tln investment management arm of JPMorgan Chase & Co., has launched the JPMorgan Ultra-Short Income ETF (JPST), an actively managed ETF that seeks to provide current incom

  5. News Briefs - A former hedge fund manager is running a free masters program in financial engineering, Trinity Fund Administration Ltd joining the Mainstream BPO Group, Chelsea Clinton's husband joins Silicon Valley's Social Capital, The quants run Wall Street now[more]

    A former hedge fund manager is running a free masters program in financial engineering A former hedge funder is offering a free masters degree in a field that's integral to Wall Street's future. Igor Tulchinsky, a former managing director at Millennium Partners, a New York-based hedge fu