Bringing you live news and features since 2006 

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

SEB platform hosts Fusion Asset Management currency Ucits fund

RELATED TOPICS​

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.”

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by