Wrappers / Structures

Alceda eyes Asian UCITS franchise

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Independent service provider Alceda Fund Management has established a rep office in Singapore recently in a bid to win UCITS mandates from Asian managers.

The Luxembourg-based company currently has $6 billion of assets under administration, of which $4billion are under its UCITS platform and of which approximately 50% are parked in absolute return fund strategies.

Hamid Parsa, the director for sales and business development says his group is now looking to also host Asian managers in its UCITS platform and that he is “keen to meet many of them,” adding that Alceda remains the biggest independent UCITS platform