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Kirill Ilinski, founder and chief investment officer at Fusion Asset Management

SEB platform hosts Fusion Asset Management currency Ucits fund


Fusion Asset Management, the London-based investment manager, has launched a Ucits fund via SEB Prime Solutions.

This is the third launch on SEB’s Ucits platform since its inception three months ago.

The SEB Prime Solutions-Fusion Libor+ 800 Currency Ucits Fund is a cash management-style product, targeting returns of 800 basis points over Libor. It is a carry strategy with daily liquidity, trading spot G10 currencies only.

Fusion has been running the underlying strategy for two years in its Cayman fund and on a managed account basis.

Kirill Ilinski, founder and chief investment officer at Fusion Asset Management, says: “This fund will certainly be a valuable addition to the Ucits investment space. Fusion is offering institutional and retail investors the opportunity to invest their cash balances through our Libor+ 800 strategy, targeting returns of eight per cent over Libor and offering daily liquidity. The underlying strategy has a two-year track record and was a top performer amongst its peers in 2009. We selected the SEB platform because of the bank’s strong reputation across Europe, and the service and value they have provided to us as we replicated our Libor+ product within Ucits.”

Peter Herrlin, prime brokerage sales at SEB, adds: “We are very pleased that Fusion chose our platform to launch their Ucits fund. We believe our one-stop-shop approach which enables faster and more cost effective fund launches, coupled with our extensive prime brokerage offering, will continue to attract high calibre funds.”

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