FundQuest looking to launch fund of Ucits hedge funds

Multi-manager firm FundQuest is looking to launch a new fund to capitalise on growing number of Ucits III vehicles arriving from the hedge fund space.

FundQuest CIO Christophe Belhomme says the growing convergence of hedge strategies to Ucits is increasingly appealing for investors, leading the group to explore the possibility of a multi-manager proposition in the area. "It is a trend we are looking closely at," Belhomme says. "We are thinking about creating a fund of funds for these products. People are still sceptical about hedge funds because of concerns about liquidity and high fees, so it would be very helpful for these investors to go through Ucits III. I believe it is the solution for investors to come back to hedge funds." H...