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Lugano-based boutique launches Alt Ucits fund
By Margaryta Kirakosian 22 Jun, 2017
Hedge fund boutique Thalìa has launched an Alternative Ucits fund, the Lugano-based firm has announced.
Thalìa Select Ucits is a fund of funds offering direct access to alternative strategies with daily liquidity. Fund manager on the strategy is Donato Maria Bruni.
A spokesperson for the firm confirmed the new strategy could be considered an “evolution” of the recently liquidated New Capital Fund Lux – Alternative Ucits fund that Bruni managed first for BSI and latterly for EFG Asset Management.
The new fund positions itself as a potential cash/bond substitute and aims to provide low volatility returns through selected funds.
The firm said the investment landscape and liquidity conditions have improved over the last seven years and there are more relative value or low beta long/short sub-funds available on the market than in the past.
Bruni is an analyst and portfolio manager at Thalìa and joined the firm in 2005. From 2007 onwards, Bruni has been supported the firm's CIO, Maggie Rokkum-Testi, in the day-to-day management of multi strategy portfolios.
Thalìa continues to work with EFG Asset Management and manages a multi-manager and a multi- strategy fund of hedge funds under the EFG label (EFG Directional and EFG Yield Enhancement) plus one mandate which invests in the Thalia Alternative Sicav (TAS) funds.