PDL International launches new Ucits fund products
Alternative investment services provider, PDL International, has launched a new range of Ucits-compliant hedge funds. The funds, available in the UK, are regulated by the Financial Services Authority, and designed to deliver growth irrespective of market conditions. They are available to institutional and retail investors.
The funds are distributed by PDL International on behalf of Swiss-based fund manager Salus Alpha. Formed in 2001 with assets of over $1.2bn under management, Salus Alpha was the first company to obtain Ucits status for a range of hedge fund products and has a strong track record of fund performance.
Sven Kuhlbrodt, managing director of PDL International, said that with the uncertain outlook in global financial markets, there is a growing appetite for alternative, uncorrelated products among retail and institutional investors.
“Our new product range is a unique proposition in the UK, offering investors the chance to grow and preserve capital in uncertain times,” he said.
Oliver Prock, CEO and CIO at Salus Alpha Capital, said the funds are ideal for investors looking to diversify their portfolios.
The funds include the Salus Alpha Directional Markets fund investing in futures of global equities, fixed income, currencies and commodities; the Salus Alpha Commodity Arbitrage fund which provides alpha by exploring the price inefficiencies of a wide range of commodities; and the Salus Alpha Multi-Style fund, a ready-made portfolio of hedge fund strategies diversified across asset classes from up to 20 managers
Also being launched is the Salus Alpha Real Estate fund. This is an absolute return fund that benefits from capital growth and dividends of European and North American REITS and real estate stocks.
Investors in the new funds will benefit from lower minimum investment requirements than offshore hedge fund products as well as greater liquidity with daily dealing with and no minimum holding periods, the company said in a statement.