UCITS creates new business model for FOHFs, says Blacksquare

Tue Jan 25, 2011



Blacksquare Capital is changing its business model from an offshore fund of hedge fund to a specialist regulated multi-manager absolute return boutique.


Windsor-based Christopher Peel, partner and chief executive of Blacksquare, says he is repositioning the asset manager to focus on the UK retail market. Peel expects the absolute return funds sector to grow exponentially because they are regulated, liquid and transparent.

Christopher Peel from Blacksquare

Blacksquare's funds are UK-domiciled and regulated by the jurisdiction's financial regulator, and are aimed at UK-based private banks, stockbrokers and independent financial advisers.

The daily dealing Blacksquare Multi-Manager Absolute Return Fund, which launched February last year, only invests in UCITS III funds and has a volatility target of less than 4%. For the final 11 months of 2010, the institutional class returned 2.08% and the retail share class returned 1.73%.

Blacksquare Diversified Absolute Return Fund, which launches next month,...

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