Distributors Launches & Closures

Open architecture UCITS platform launches


The first two UCITS hedge funds have been launched on Luxembourg Financial Group’s open architecture platform for hedge funds.

New York-based CastleRock Asset Management launched its US long/short strategy (read earlier story here) and London-based Sabre Fund Management launched a market neutral quantitative equity strategy (read earlier story here) on LFG’s Liquid Alpha UCITS Platform.

They launched on 1 February 2011 with $25 million and $22 million of assets respectively.

In the first quarter of 2011 LAUP is scheduled to launch eight more funds from managers including: RAB Capital (read earlier story here), Act II, Fortinbras