Launches & Closures Hedge Funds

CastleRock launches UCITS hedge fund to compete with long-only counterparts


CastleRock Asset Management is the latest US-based manager to launch a UCITS compliant hedge fund. Joy Dunbar, editor of Absolute UCITS, speaks with the asset manager’s New York-based founder, Paul Tanico, about the launch of the fund next month.

Paul Tanico, founder of New York-based CastleRock Asset Management, says his firm’s  new UCITS hedge fund is competing with funds from the traditional long-only world.

The institutional share class of the fund launches on 1 February. CastleRock US Liquid Equities is a Luxembourg-based UCITS III compliant version of the portfolio manager’s flagship fund, CastleRock Partners. It is a research-driven equity strategy that invests in US companies with $1 billion plus market capitalisations and the portfolio consists of 30 to 50 long stock positions.

Paul Tanico from CastleRock Asset Management

According to Tanico, CastleRock is the