Threadneedle opens alternative UCITS distribution in Italy

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Threadneedle Investments has extended distribution of one of its alternative UCITS funds into Italy to meet local demand.

The pan-European equity strategy, Threadneedle (Lux) European Absolute Alpha Fund, was launched earlier this year and is managed by Paul Doyle – who was manager of liquidated hedge funds Apex European the European Crescendo.

Alessandro Aspesi, country head of Threadneedle in Italy, says: “Our customers have shown a great interest in a product that offers opportunities to capitalise on European equities, while interest rates remain at historic lows and the uncertainty of the euro area has depressed valuations of equities.

“Our