LGT CP to launch Ucits fund of hedge funds

LGT Capital Partners is launching a Dublin-domiciled Ucits III fund of hedge funds.

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The Crown Managed Futures Ucits Fund will offer investors exposure to up to 15 Ucits-compliant managed hedge funds investing in commodities, equities, fixed income and foreign exchange strategies. The fund has received regulatory approval and is due to launch imminently.

LGT CP partner Werner von Baum said: “Managed futures offer true diversification and we believe they are a valuable component of investors’ portfolios in all market environments. Allocating to this space can reduce volatility and market risk of a portfolio, helping to generate superior risk adjusted returns.”

Headquartered in Pfaeffikon, Switzerland, LGT CP manages over $18bn in hedge fund and private equity investments globally. The firm launched its flagship fund, the Crown Managed Futures Fund, in 1996 and has raised $650m in assets under management for it so far.

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