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