Fund launches & closures Wrappers / Structures

Alternative Advisors rolls out Castillon UCITS fund

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Alternative Advisors, a London-based investment boutique, has launched the Castillon Diversified Fund, a regulated UCITS III multi-manager investment vehicle.

Castillon Diversified Fund is a sub-fund of the Whitefleet umbrella, a Luxembourg SICAV part I. The fund, which was launched with $74 million, offers weekly liquidity and is denominated in euros. The management fees are 1.25% for the retail "B" class and 1% for the institutional "I" class. The performance fee is 10% above three-months EUR Libor for both classes.

Like all funds in this category, the fund's objective is to generate absolute returns whilst ensuring that capital is