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Managed futures Ucits added to list of LGT Capital Partners products


Date: Tuesday, April 27, 2010
Author: Hedge Funds Review

LGT Capital Partners is launching its first Ucits-compliant fund, based on its flagship managed futures strategy.

The Crown Managed Futures Ucits Fund will be offered a broader range of investors and is to launch on May 4, 2010.

LGT CP has been investing in managed futures since 1996. Crown Managed Futures, on which the Ucits product is based, has assets under management of $670 million.

Similar to the flagship fund, the Ucits fund will provide exposure to hedge fund managers trading commodities, equities, fixed income and foreign exchange. Exposure will be achieved through a Ucits eligible index of currently 15 managed accounts.

“We are launching a Ucits fund in this sector following strong demand from private clients, intermediaries and institutional investors,” commented Werner von Baum, partner at LGT CP.

“For a Ucits product it is of key importance that the underlying assets are well matched to the liquidity being offered to investors; managed futures is one of the most liquid hedge fund strategies available and is, therefore, an ideal fit,” he added.

The custodian is Fortis Prime Fund Solutions Custodial Services (Ireland) with Fortis Prime Fund Solutions Administrative Services (Ireland) as the fund administrator. The auditor is PricewaterhouseCoopers.

The fund charges an annual management fee of 1.5% and a performance fee of 7.5% with weekly liquidity. There is also a 0.7% swap/structuring fee.

Minimum investment into the fund is set at $10,000 or the same amount in euro or sterling. Domiciled in Ireland, the fund offers shares denominated in US dollar, euro and sterling.

The fund’s investment advisor is LGT Capital Partners with LGT Capital Partners (Ireland) as the investment manager.

LGT Capital Partners manages over $18 billion in hedge fund and private equity investments globally. Headquartered in Pfaeffikon, Switzerland, the company also has offices in New York, London, Dublin, Hong Kong and Tokyo.