Funds of Hedge Funds Wrappers / Structures

Hedge Invest starts UCITS fund of funds


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