Sun, Apr 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Pan Reliance Capital Advisors to launch weekly dealing alternative fund of funds in UCITS format

Thursday, April 26, 2012
Opalesque Industry Update: In response to investor demand, Pan Reliance Capital Advisors is preparing to launch a multi- strategy Fund of Funds pursuing alternative investment strategies under the guidelines of UCITS (Undertakings for 1 Collective Investment in Transferable Securities). The new portfolio will be managed in a similar fashion to the firm’s existing offshore multi-strategy funds, but will offer weekly liquidity upon five business days’ notice. Early investors will have the opportunity to invest in a designated share class with preferred economics.

Shares in the UCITS vehicle will be offered for sale in Europe and Asia by Andbanc Asset Management Luxembourg, a leading provider of alternative UCITS products. Shares will not be offered in the United States or to United States persons.

“This new product offering aims to help our investors capitalize on the secular trends we are currently seeing in the hedge fund space and which we expect will continue for some time,” said Justin Lowe, Managing Director. “The UCITS standard provides an investor-friendly alternative to the traditional offshore hedge fund structure. If these trends continue, we would anticipate launching additional products on the UCITS platform in the future.”

“Today’s hedge fund investors are highly focused on liquidity, transparency and stability. They are still looking for uncorrelated returns, but they are much more sensitive to the structural and operational aspects of their investments,” said Trevor Uhl, Managing Director.

The new UCITS offering will follow the investment process which the firm’s portfolio managers have refined through over 50 years of collective experience allocating to hedge funds. Research is focused on an in-depth assessment of the manager’s strategy and risk appetite, and will also consider factors that are unique to UCITS – including any adaptations that have been made to the manager’s strategy to fit the UCITS guidelines. In addition, the high liquidity of the underlying UCITS investments will allow the portfolio to be actively managed in response to changes in the market.

“During the past few decades we have seen the industry evolve and change considerably, and we have adapted our approach over the years in an attempt to enable our clients to benefit from these changes. Through it all, we continue to offer our clients a high level of transparency, personalized service and full access to our investment professionals,” said Amanda Haynes-Dale, Managing Director.

Pan Reliance Capital Advisors

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo