Columbia Threadneedle Launches New European L/S Equity UCITS Fund

Sep 21 2016 | 12:19am ET

Columbia Threadneedle Investments has launched a new UCITS-compliant long/short absolute return fund that will focus on investment opportunities in European equities.

The new fund, named the Threadneedle (Lux) Pan European Absolute Alpha fund, was launched to meet demand for European long/short equity funds able to take advantage of the region’s ongoing equity market volatility, according to Citywire. It will hold 40 - 80 positions and aim for returns of 6-8% p.a. above the 3-mo. EURIBOR benchmark over a three to five year period.

The new fund will pursue the same investment processes used in the company’s Threadneedle UK Absolute Alpha and the Threadneedle (Lux) American Absolute Alpha funds, Citywire said. 

The new fund has been registered in Luxembourg and, pending regulatory approvals, will be passported for sale in the UK, Austria, Belgium, France, Germany, Italy, the Netherlands, Portugal, Singapore, Spain, Switzerland, Finland, Norway and Sweden.

London-based Columbia Threadneedle Investments is a global asset management group providing a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. Owned by Ameriprise Financial, the company manages $460 billion of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives as of June 30, 2016. 

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