Wrappers / Structures

Clariden Leu and Olympia launch UCITS fund of hedge funds

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Clariden Leu, a Swiss-based private bank, has launched a UCITS fund of hedge funds in association with Olympia Capital Management, a Paris-based funds of funds. The fund launched on 31 August and Olympia has been retained as sub-adviser to focus on the due diligence of the underlying UCITS funds. The fund is domiciled in Luxemburg and has share class in Swiss francs, euros and dollars.

Stéphane Julen, head of hedge fund products at Clariden Leu, said: "We have a long-term relationship with Olympia, who will focus on the due diligence of the UCITS funds we want to use for