Alceda Fund Management is to launch two new funds on on its platform. The funds, from US-based ED Capital Management and UK-based Tideway Investment Partners, are an example of the continuing trend Alceda is seeing for UCITS funds going global.
Alceda has helped the managers shape their fund from conception to launch as part of the regular service they offer from their headquarters in Luxembourg. With assets under administration of over 6 billion USD, 4 billion USD of which are on its UCITS platform, Alceda is one of the leading independent structuring specialists in Europe.
Michael Sanders (pictured), CEO of Alceda, says: “We’ve been doing roadshows in the USA and the UK for a while and have had a lot of interest. We’re very pleased to see our first funds from both these countries launch on the platform. It’s very significant for us as we have thought for a while that UCITS funds offer a good alternative to managers as investors look for something more regulated and transparent than the offshore counterparts.”
US-based ED Capital Management is an international investment company specialising in capital and real estate markets of Russia and the Commonwealth of Independent States (CIS). Their innovative Hudson River Russia Growth Fund aims to maximise absolute, risk-adjusted returns by investing both long and short in actively traded equity and equity-related securities of companies with main business operations in Russia and the CIS.
UK-based Tideway Investment Partners are specialist investment advisers focusing on top-down investing in medium term macro-economic themes. The Global Navigator Fund has diversified return attribution of Fixed Income (50%); Foreign Exchange (35%); Other (15%). Proposed as an alternative to equities, the core strategy is in capturing returns from global interest rate, credit and currency markets driven by changes in the macro economic outlook. Actual macro investing in 2009 / 2010 produced returns of +52.75% and the UCITs IV model portfolio in 2011 has returned 4.52% to June 30th. Target returns are 8% after fees with daily liquidity
