Funds of Hedge Funds Wrappers / Structures

Kairos gives hedge funds seed money to go onshore

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Kairos Capital has been giving managers of traditional offshore hedge fund seeding money to start their own UCITS funds.

The Milan-based firm was the first hedge fund of funds manager to launch a UCITS-only product in May 2009. The multi-strategy fund is down 0.47% this year to September and last year was up 6.35%.


Michele Gesualdi from Kairos Capital

Michele Gesualdi, fund manager at Kairos Capital, says it now has about $400 million in its UCITS products, but in total invests about $600 million to $700 million in absolute return funds.

He adds: “We have been investing in existing UCITS products. But we have also gone to the Cayman Island hedge fund managers