A Danish-based hedge fund manager is moving into the long-only universe by launching an equity fund.
Highlighting the increasing the convergence between the alternative and long-only world, the new Uttrup Invest European Equity UCITS fund, which is expected to launch in May this year, is a long-only version of the Guernsey-domiciled Cresco fund.
Jesper Uttrup: chief investment officer of Uttrup Financial Advisors
The Danish-domiciled UCITS differs from the Cresco fund because it does not use leverage or shorting. The offshore fund is a long/short fund with a net exposure of plus or minus 100%.
Most hedge fund