Exane explains its €4 billion switch to UCITS
Tue Sep 28, 2010
Consistency for investors is key for the Paris-based manager
Many hedge fund managers have launched UCITS funds because
of investor demand for transparency, liquidity and risk
However, the credit crunch and the global financial crisis
were not the reasons why Paris-based Exane Asset Management,
which fared well during the crisis, wrapped its entire stable
of long/short sector funds into the UCITS structure. Pierre
Sequier, managing director for Exane, explained that all of its
funds are in the wrapper because of consistency and investors
can have access funds under the same format. The firm has six
long/short single manager UCITS III funds with €4 billion
assets under management and closed its Luxembourg-domiciled
Ceres Fund to new external subscriptions earlier this year in
June. It also has a €1.4 billion internal fund of funds.
The Micromegas and Ceres funds...
ISSN: 2151-1845 / CDC10004H
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