Fund launches & closures

Swiss Hedge unveils UCITS version of Granada equity strategy

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Swiss Hedge Capital has launched a UCITS IV-compliant version of its Granada Europe equity hedge fund. Swiss Hedge Luxtrade (UCITS IV) is a short-term trading fund that trades blue-chip European equities and offers daily liquidity.

The strategy has been employed by Granada Europe since September 2004. The fund has produced an annualised return since launch of 7.35%, and made 4.90% last year when many equity funds struggled with market volatility. Its best year to date was 2008, when it made over 21%.

“We are delighted to launch an onshore UCITS IV hedge fund version of our investment strategy,”