New York (HedgeCo.net) – Palaedino Asset Management and Geneva-based hedge fund investment company Alix Capital are launching the first investable UCITS Alternative Index hedge fund.

“I strongly believe that UCITS alternative funds are not hype but are here to stay,” Alessandro Mauceri, CEO of Palaedino Asset Management, said, “Especially in the aftermath of the 2008 problems encountered by offshore hedge funds, such as gates, side pockets and suspension. When investing in hedge funds, investors now demand the same level of protection as that offered by onshore regulated funds.”

The Axiom UCITS Alternative Investable Index Fund (Axiom Fund) is a UCITS III SICAV registered with the CSSF in Luxemburg offering weekly liquidity. The new fund aims to replicate the UCITS Alternative Blue Chip Index (Blue Chip Index). Alix Capital will become the new Index Provider to the UCITS Alternative Index as of 1st December 2010.

Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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