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GWM unveils Ucits compliant hedge fund
July 30, 2010
The multi-family office division of independent financial group GWM Holdings has launched a Ucits III compliant long/short European equity fund, 7H Absolute Fund.
The Luxembourg-domiciled Sicav fund will invest in equities and equity-related instruments listed on European exchanges.
Peter Sartogo, CEO at GWM, said there were plans to launch another Ucits hedge fund at a later date.
The 7H fund will be managed by Simone Chelini and Pietropaolo Rinaldi. They were both co-founders and fund managers of the Unifortune Albatross Fund, a long/short European equity fund focused on Italy.
The managers were chosen because they weathered the 2008 crisis "very well" and had generated excellent returns since 2005, said Sartogo.
Original Posting At: HedgeFundsReview
The Luxembourg-domiciled Sicav fund will invest in equities and equity-related instruments listed on European exchanges.
Peter Sartogo, CEO at GWM, said there were plans to launch another Ucits hedge fund at a later date.
The 7H fund will be managed by Simone Chelini and Pietropaolo Rinaldi. They were both co-founders and fund managers of the Unifortune Albatross Fund, a long/short European equity fund focused on Italy.
The managers were chosen because they weathered the 2008 crisis "very well" and had generated excellent returns since 2005, said Sartogo.
Original Posting At: HedgeFundsReview
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