Launches & Closures Wrappers / Structures

Galaxy enters UCITS arena with China fund offering


Hong Kong's Galaxy Asset Management, which manages several China-focused funds, is launching a new UCITS alternative China fund in partnership with Merchant Capital, a London-based asset management firm that provides a UCITS III platform to the hedge fund industry.

Pending regulatory approval, the Dublin-domiciled fund aims to launch with about $20 million of initial assets under management in September, making it the first Greater China hedge fund strategy to be made available in a UCITS format.

Galaxy intends to expand its client base of continental European institutions with the new offering, and also attract retail investors, said the