Sabre Fund Management was ready to launch a UCITS fund in
the latter end of 2008. But the collapse of Lehman Brothers,
the changing economic climate and the uncertainty around
investor appetite meant that the London-based asset manager put
the project on hold.
The UCITS All Weather Fund is launching in the next few weeks
and it is a clone of the Sabre Style Arbitrage Fund. So far
this year the replicator has returned 6.56%. It has an
annualised return of 7.86%, last year it returned 21.97% and in
2008 it was down 15.09%.
Melissa Hill, managing principal of Sabre, says it is
solutions driven and that is the motivation behind launching a
UCITS fund. She adds: "There will be some difference in return
between the Luxembourg and the offshore Cayman fund that will
be generated by daily liquidity, but we don't expect