Launches & Closures

Danish hedge fund manager adds long-only UCITS version


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%.

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