Fund launches & closures Wrappers / Structures

Fusion rolls out UCITS currency product via SEB platform

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Fusion Asset Management, the London-based investment manager led by Kirill Ilinski, has become the third firm to launch a UCITS fund on SEB Enskilda’s SEB Solutions UCITS platform, which was formed three months ago.

The SEB Prime Solutions-Fusion Libor + 800 Currency UCITS Fund is a cash management-style product, targeting returns of 800 basis points over Libor through a carry strategy with daily liquidity that trades spot G10 currencies only.

Fusion has been running the underlying strategy for two years in its Cayman-domiciled hedge fund and also on a managed account basis. Said Ilinski, Fusion’s founder and CIO: “The