Funds of Hedge Funds

UBP continues move to single product range

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Union Bancaire Privée's overhaul of its hedge fund of funds business is continuing with a move to a single product range, which will include a complete offering of multi-strategy funds along the liquidity spectrum as well as single strategy and thematic funds. The first of the new compartments was launched earlier this month: it is the first fund within the range to invest exclusively in managed accounts and UCITS III-compliant underlying managers.

The new fund aims to have returns of 300 to 400 basis points over Libor over an investment cycle, with a standard deviation of 4% to 5%. Volatility