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Opalesque Exclusive: UBP launches new global distressed FoHFs – open to subscriptions until August
Benedicte Gravrand, Opalesque Geneva:
UBP (Union Bancaire Privée) Alternative Investments Europe has opened a new fund of hedge funds, the DCO Distressed HF Fund, to subscriptions and will close it in August.
Capturing distressed opportunities
The fund is designed to capture a wide spectrum (on a global scale) of distressed opportunities strategies exploited by hedge fund managers. Such opportunities might include those within the leveraged loan market, structured credit market, and traditional stressed and distressed market. Shoaib Khan will be the portfolio manager and the investment strategy will be opportunistic. The fund also offers the option of investing in a hybrid structure; 75% in HFs and the rest in PE – the first of this kind at UBP.
“DCO is a family of funds which, contrary to UBP’s Dinvest funds, are registered in the Caymans and are concentrated – they have between 20 and 25 underlying investments,” Anne Simond told Opalesque. “We look for talented managers, whose portfolio can move from an asset class to another as distressed opportunities come from many different categories.” Anne Simond is the Business development manager at UBP in Geneva.
A long history with hedge funds
UBP is one of Switzerland’s leading private banks and an international asset ma...................... To view our full article Click here
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