Aurum concern over macro, credit and event driven alt Ucits
Kevin Gundle, CEO of Aurum Funds, wonders if whether investors are really just paying for expensive beta in alternative Ucits
Aurum Funds boss Kevin Gundle has likened alternative Ucits to the once-popular 130/30 funds, and believes if another financial crisis occurs, their capacity to deliver liquidity to investors will be tested in certain strategies.
Compared with offshore hedge funds, which typically have monthly or quarterly redemption frequencies and can lock up investors for a certain amount of time, Ucits funds have to offer redemptions at least twice a month.
The funds of hedge funds (FoHF) boss says 130/30
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