FoHF switches to UCITS framework

Tue Apr 24, 2012




Pan Reliance Capital Advisors is launching its UCITS-compliant strategy following the closure of its offshore domiciled fund.

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 Capital Advisors.

He says: "Our European client...

TAKE A FREE TRIAL

The full contents of this article are available to active Absolute UCITS subscribers and trialists only.

To continue reading please,
take a free trial or subscribe to Absolute UCITS.

Subscribe

Subscribers have unlimited access to all current content, including UCITS fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now