Launches & Closures Funds of Hedge Funds Wrappers / Structures

Gottex launches UCITS fund of funds


Gottex Fund Management, which has $7.3 billion under management, has launched the latest UCITS III fund of funds product in Luxembourg in July and is now in the throes of passporting it to the rest of Europe.

This fund of UCITS hedge funds qualifies for UCITS status without the use of financial structuring to meet UCITS III liquidity requirements, avoiding derivatives, wrappers or other synthetic structures to minimise maturity mismatches between underlying assets and liabilities.

Joachim Gottschalk, chairman and chief executive officer, said: “The second quarter of 2010 turned out to be a challenging environment across all financial markets,