Advent to Launch Credit UCITS Hedge Fund in Q2

Product-Launch-GraphicNew York (HedgeCo.Net) – Advent Capital Management has announced plans to launch the firm’s first alternative UCITS product, joining the rest of their UCITS offerings in Q2 2015.

The ‘Advent Global Absolute Return Strategy’ will closely mirror Advent’s Global Opportunity Strategy and will follow the UCITS IV framework. The fund will be asset class agnostic, which is a core value of Advent’s investment strategies.

Advent, which manages approximately $8.5 billion in assets, is committed to its European investors, as demonstrated by this launch and the hire of Robert Gourlay to head up European Business Development for the firm, announced several months ago.

The fund will be co-managed by portfolio managers Odell Lambroza, a long-time veteran of Advent, and Matthew Dundon, who recently joined from Pine River.

Alex Akesson
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