Hedge Funds

Blazing a trail for UCITS in Brazil


Brazilian hedge fund managers will start launching absolute return UCITS funds soon – to respond to investor demands, according to Nick Walker from New York and Rio de Janeiro-based York Asset Management.

Nick Walker: York Asset Management. 

The global event driven York Lion Merger Arbitrage Liquidity Fund UI, launched in April 2010, is the first absolute return UCITS fund managed from Brazil, according to Rio-based Walker, who is York’s chief investment officer.

The fund, which is managed pari passu with its offshore fund, is on the German-based platform Universal Investment, where the fund is also