Luxembourg-based investment services company, LRI Group, has partnered with M17 Capital Management, a Swiss based investment company, to launch a European Ucits fund.
The European Market Neutral Ucits Fund is aimed at institutional investors, family offices and high-net worth individuals predominantly in Germany, Switzerland, UK and Scandinavia. To date the fund has obtained investor commitments of close to €191 million.
According to LRI, the fund’s risk/reward profile is “juicier” than most market neutral equity long/short products as it captures alpha with individual, sized-up ‘best ideas’ positions while risk exposures are managed for positions and the portfolio as a whole.
The fund will be launched with share classes denominated in US dollars, euros, Swiss francs and sterling and the initial subscription period for the founders’ share class with discounted fees will begin on Wednesday.
It will be first registered for public distribution in Germany, the United Kingdom and Luxembourg and will also be available to qualified investors in Switzerland as well as other countries shortly after.
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