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What's New In Investments, Funds? - Blu Family Office
The latest in funds and investments around the world.
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.