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
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.