Launches & Closures Wrappers / Structures

RAB, SEB start UCITS version of Park Place’s Prime Europe


As previously foreshadowed by EuroHedge in January, $1 billion London-listed asset manager RAB Capital has confirmed plans to launch a new UCITS fund replicating the Prime Europe long/short European equity strategy managed by former Park Place team Jean-Marc Fraysse and Peter Schell.

The roll-out of the new fund, which is being launched on SEB Enskilda’s Prime Solutions platform, follows the recent absorption by RAB of the Park Place investment and business management team and its European equity funds.

The new fund replicates the established Polaris Prime Europe fund, a long/short equity strategy that has generated a net annualised