Launches & Closures

Newscape’s Bonnefoy launches active currency UCITS offering

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Newscape, the London-based alternatives firm that is chaired by hedge fund industry veteran Philippe Bonnefoy, has rolled out a new specialist UCITS fund – its second new launch in as many months and the firm’s third in total.

The Newscape Dynamic Rates and Currency Fund will target an annualised return of 12-15% with annualised volatility expected to be around 10%. The fund will invest in the currencies and interest rates of OECD countries and provides daily liquidity. It is being offered in euro, sterling, US dollar and Swiss franc share classes.

Bonnefoy is lead manager if the