Strategy range expand in alternative UCITS

Mon Oct 22, 2012




The strategies available in a UCITS structure have widened and deepened over the past few years.

A broader perspective on this development was given by a panel moderated by UCITS fund allocator Michele Gesualdi (pictured below), a partner at Kairos Capital.
The panel included fund managers who run equity, event driven and systematic funds plus Andrew Dollery from prime broker Newedge – where, in the UCITS space, about two-thirds of its clients run non-equity strategies.

There are three criteria that make his strategy UCITS-compliant, according to David Nikodem, from Paris-based Exane Asset Management, who runs a long/short healthcare strategy.

He said: "We have mainly simple instruments like equity and we do not use derivatives. We have low leverage and we focus on liquidity – we look at stocks and equities that are very liquid instruments."

Credit strategies, which are included in the firm’s offshore hedge fund, are not included in the...

ISSN: 2151-1845 / CDC10004H

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