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Europe’s Blu Family Office has launched the Blu Discretionary Fund, putting its discretionary investment strategy into a single fund management solution.
The Luxembourg-based fund will maintain balanced exposure across all the different types of price and credit risk for maximum diversification, the family office, which is based in Richmond, southwest London, said. The fund carries at 0.75 per cent annual management charge, and investors must give 90 days’ notice to pull money out.
A variety of assets, strategies, and products are covered by the fund: more than 7,000 global stocks, more than 6,500 public corporate bonds; over 3,000 private corporate and structured loans, more than 2,700 government bonds, as well as trading strategies such as statistical, fundamental and structural arbitrage, relative value, event-driven, special situations, CTA, volatility and opportunistic strategies.
“We have successfully used this strategy for many years in the management of our assets and those of our families and clients. We are delighted to be launching The Blu Discretionary Fund, allowing further investors to access our strategy, share economies of scale and benefit from aligned interests,” it said.
Investors must put in at least $125,000 to the fund (or currency equivalent); the fund is available in dollar, euro and sterling share classes. There are no lock-up or redemption fees. The fund is structured as a Luxembourg SICAV and its depository is ING Luxembourg.