Fund launches & closures Wrappers / Structures

Storm Bond Fund converts from SIF to UCITS

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The Storm Bond Fund, which follows a high yield strategy, changes fund structure from Specialised Investment Fund to UCITS from December 2012.

The fund, which launched in September 2008 and has assets under management of $60 million, started to actively market to investors earlier this year and it is hoped that the change of legal structure will result in interest from fund distributors via platforms and third party marketers.

The conversion to UCITS will not bring about any changes to the portfolio or ISIN while Erik Mathiesen and Morten Astrup will continue to manage the fund.

However, the minimum