Galaxy to launch first Ucits China long/short fund
The Hong Kong-based hedge fund is using Merchant Capital's Ucits platform to offer the product. Could this signal the start of a trend among Asia managers?
Given the growing popularity of Europe's Ucits scheme among distributors in Asia and even the US, it was only a matter of time before an Asia-based hedge fund used the structure to offer a product in Europe.
That time has arrived, as Hong Kong-based Galaxy Asset Management has chosen to launch a Ucits III version of its Galaxy China Opportunities Fund using Dublin-domiciled Ucits platform Merchant Capital. The fund is likely to be available by September at the latest and targets $500 …
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