Launches & Closures Hedge Funds Wrappers / Structures

Martin Currie considers hedge fund conversion into UCITS

by

Edinburgh-based long/short equity specialist Martin Currie is considering wrapping up its entire Bermuda-based hedge fund range into a UCITS wrapper because of investment demand, according to its managing director.

However, the firm’s China fund will not be included because the strategy is too illiquid according to Andy Sowerby, managing director of sales, marketing and client services for Martin Currie.



Andy Sowerby

The Japan, European and Global Resources funds, with dollar, euro and sterling share classes, are being placed under the Luxembourg-domiciled UCITS umbrella from the end of this month. The other funds in its hedge fund range, which totals $1.3 billion assets under management, include TMT, financial and energy funds and it is these funds that are being considered for the wrapper.

Sowerby says