Investment Week – SGAM has launched three Sicav vehicles to be managed by a trio of US-based hedge fund firms, while Mellon has also brought a derivative-based global absolute return vehicle to the market.
All the products will aim to take advantage of the wider investment powers allowed under Ucits III.
The three Société Générale Asset Management funds will sit within its newly-created Sicav AI Equity umbrella and focus on the US equity market.
They will be managed by New York hedge fund companies Caxton Associates, Renaissance Technologies and Highbridge Capital Management, respectively.
