Fund of Hedge Funds Wrappers / Structures

Hedge Invest starts UCITS fund of funds

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Hedge Invest Financial Advisors, an Italian funds of funds group founded in 2001, has launched the Pareturn HI Core UCITS Fund, which is a fund of funds that will invest in UCITS hedge funds.

The fund is a concentrated portfolio of up to 15 managers that will be diversified by geographic area, sector, investment sub-style and market exposure. At launch, some 55% of the portfolio is invested in long/short equity, with 15% apiece in event driven, convertible arbitrage and global macro/CTA strategies.

Regionally, 40% of the portfolios are invested in Europe, with 25% invested globally and 20% in