Launches & Closures

Hedge fund manager mulls commodities UCITS launch


Swiss-based hedge fund manager A2CT2 is considering launching a UCITS version of its Commodity Absolute Return Fund (CARF) following requests from investors.

In a letter to investors to celebrate the sixth anniversary of CARF, which was launched in October 2005, the firm states that it is looking for $41.4 million, or €30 million, to seed the onshore investment vehicle.

It adds: “This (UCITS) product would be offering weekly net asset values…and could be available in the first quarter of 2012.”

Meanwhile, Prim’Finance, a Paris-based commodities specialist with assets under management of $166.5 million (€120 million), has launched a new UCITS fund