Pan Reliance Capital Advisors is launching its
UCITS-compliant strategy following the closure of its offshore
The New York-based firm is the second US-based fund of hedge
funds to open a UCITS-compliant fund, according to research
from Absolute UCITS. The first, Bostwick Compound, was launched
within the UCITS framework in November 2011.
The Reliance Multi Adviser British Virgin Island-domiciled
fund, opened in 1999. The firm anticipates opening the
UCITS-compliant successor fund on 1 June 2012, according to
Justin Lowe, managing director for New York-based Pan Reliance
He says: "Our European client...