New York-based hedge fund Karsch Capital Management is expected to launch a UCITS-compliant fund with restricted capacity in May 2012.
The size of the UCITS fund will be capped at $230 million with an annual management charge of 1.95%, a performance fee of 20% and weekly liquidity.
The annual management charge for the UCITS product is slightly higher than that of the flagship fund, in part due to the more favourable liquidity. The UCITS fund will also be on an investment bank’s platform.
The offshore flagship hedge fund has monthly liquidity with 45 days notice and a 1.5% annual management