Newedge becomes exclusive swap counterparty of Ucits fund by EEA Fund Management
Prime brokerage Newedge has been appointed as exclusive swap counterparty to the Ucits-compliant EEA Diversified Trends fund. The Ireland-domiciled fund is managed by EEA Fund Management.
Andrew Dollery, a director of Origination & Structuring for Ucits funds at Newedge (pictured), said the firm is offering innovative Ucits compliant services for clients looking to diversify their product range and investor base.
“Working with leading fund managers such as EEA is further validation that regulated onshore investment products are increasingly important to the alternative investment community.”
Darran Goodwin, portfolio manager at EEA Fund Management said the product could add important diversification benefits to many traditional investor portfolios.
Newedge, the 50/50 joint venture between Société Générale and Crédit Agricole CIB, offers comprehensive synthetic prime brokerage and clearing solutions for regulated investment products, such as Ucits compliant funds. It caters specifically for the needs of liquid systematic investment strategies by using total return swaps to create synthetic exposure to a financial index.