Launches & Closures

ACT II launches with $50 million UCITS


New York-based hedge fund manager, Act II Capital, has launched a UCITS version of its offshore fund with $50 million of assets under management.

The Act II Specialist Equities Fund, a sub fund of the Act II SICAV, will follow the investment strategy of the Cayman-domiciled version, which has 10.4% annualised returns since its launch in March 2002.

Michael Didier from Act II Capital

It is the latest fund to start trading on the Luxembourg Financial Group’s Liquid Alpha UCITS Platform. Another five funds will be launched onto the LFG platform shortly.

The fund, like the