Hedge Funds

Fusion launches UCITS cash management vehicle


A new foreign currency UCITS cash management fund is being launched by London-based Fusion Asset Management and will be placed on the SEB platform.

The Luxembourg-domiciled single manager SEB Fusion 800 Fund is waiting for approval from the financial regulator and is expected to start trading in October.

Kirill Ilinski

The strategy aims to achieve a return of 800 basis points over LIBOR per year and its target volatility is 4.5% per annum.

Kirill Ilinski, chief executive of Fusion Asset Management, says: “It uses a systematic and flexible currency management strategy based on quantitative analysis of foreign currency, interest rate dynamics and is overlaid with volatility forecasting. The strategy invests G10 countries currencies, does not use derivatives or