Fund of Hedge Funds Wrappers / Structures

Italy's Eurizon launches first UCITS III multi-strategy vehicle, Total Return Alpha

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Eurizon Capital, a Milan-based fund asset manager with a total $185 billion in the traditional business and a $1.2 billion in fund of hedge funds assets, has launched Eurizon Total Return Alpha Strategy, its first UCITS III fund of funds. The new multi-strategy fund will invest in 20 underlying UCITS III hedge funds. The asset allocation of this fund that was launched in October 2009 currently is 10% to event driven, 29% to long/short equity, 24% to equity market neutral, 17% to global macro and 10% to systematic futures