Fusion launches UCITS cash management vehicle
Tue Sep 21, 2010
A new foreign currency UCITS cash management fund is being launched by London-based Fusion Asset Management and will be placed on the SEB platform.
The Luxembourg-domiciled single manager SEB Fusion 800 Fund is waiting for approval from the financial regulator and is expected to start trading in October.
The strategy aims to achieve a return of 800 basis points over LIBOR per year and its target volatility is 4.5% per annum.
Kirill Ilinski, chief...
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