Fund launches & closures

Fulcrum to launch Cayman versions of UCITS funds

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Fulcrum Asset Management, which has $1.5 billion in assets under management, is going against the herd. While many US managers are launching UCITS versions of their funds to grab a slice of the European and Asian investor pie, Andrew Stevens, chief executive of Fulcrum in London, said that the firm is launching Cayman versions of two of its funds.

The first new Cayman fund will be a mirror of the $520 million Fulcrum Alternative Beta Plus UCITS fund that has weekly liquidity.

The second will be a Cayman version of the Fulcrum Commodity Fund, which was launched in