Wrappers / Structures

Gottex expands UCITS III fund into European markets


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.

Joachim Gottschalk

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, said Joachim Gottschalk, chairman and chief executive officer.