Sabre Fund Management was ready to launch a UCITS fund in the latter end of 2008. But the collapse of Lehman Brothers, the changing economic climate and the uncertainty around investor appetite meant that the London-based asset manager put the project on hold.
The UCITS All Weather Fund is launching in the next few weeks and it is a clone of the Sabre Style Arbitrage Fund. So far this year the replicator has returned 6.56%. It has an annualised return of 7.86%, last year it returned 21.97% and in 2008 it was down 15.09%.
Melissa Hill, managing principal of Sabre, says it is solutions driven and that is the motivation behind launching a UCITS fund. She adds: “There will be some difference in return between the Luxembourg and the offshore Cayman fund that will be generated by daily liquidity, but we don’t expect there...