Kennox fund with new Ucits status likely to target Switzerland
Kennox Asset Management is likely to target high end investment managers, and single and multi-family offices in Switzerland for the Ucits version of its Strategic Value Fund.
The fund has seen inflows of some £180m over 18 months, and claims a 14% total return over the first three quarters of 2013.
Obtaining Ucits status has been driven by demand seen from investors across Europe – in addition to the mainly UK investment base of the past year and a half.
Peter Boyle, managing director at Kennox Asset Management, said: “We believe that the adoption of Ucits, with its more rigorous compliance regime, will be beneficial to the fund and all investors – the change will have no impact on the manner in which the portfolio is managed – the portfolio has always met all Ucits requirements – or running costs, yet should give a further layer of client comfort and open the fund to the growing number of investors who require Ucits accreditation.”
“Interest in the fund continues to come from a variety of sources including high end wealth managers, family offices, private banks, charities and high net worth investors.”