Technology

Swiss Bank Lists Absolute Return Offering On UK Platform

Rachel Walsh 27 May 2009

Swiss Bank Lists Absolute Return Offering On UK Platform

Pictet Funds, the investment fund distribution arm of Pictet & Cie, the Geneva-based private bank, has listed its Absolute Return Global Diversified Fund on IFA platform Ascentric with immediate effect.

Ascentric is an asset consolidation service for advisors that offers a full wrap platform service and is the first IFA platform to offer this fund for sale in the UK.

The fund targets a return of 4 per cent over LIBOR over a three to five year time frame and is managed by Pictet’s dedicated Multi Asset & total return team, part of Pictet Asset Management’s Geneva-based Balanced & Quantitative Investment unit. The MATR team is composed of seven members, headed by Gianluca Oderda.

“We believe that this fund will be as popular with investors in the UK as it has been in Europe since its launch in 2006. By joining the Ascentric platform we are significantly widening the access of UK investors to one of Pictet’s most successful funds,” says Paul Gaston, UK sales director at Pictet Funds.

Pictet Funds was founded in 1997 as the Pictet Group's fund management company, and  distributes more than 90 investment funds and has over $59 billion in assets under management, most of which is managed by Pictet Asset Management. 

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