Mon, Dec 5, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan