Veritas Asset Management is making its Dublin-domiciled global hedge fund available to offshore and UK retail investors for the first time.
The fund, which has been restructured as a Ucits III vehicle and re-named the Veritas Global Real Return Fund, was launched at the beginning of January and offers daily liquidity.
The first dealing day will be 11th January 2010.
The £30m fund had previously only been available to a small group of investors including the firm’s partners and discretionary private clients.
It seeks to deliver an annualised 6% real return over the medium and longer term by investing long and short in global equities, bonds, cash and derivatives.
It is run by Veritas’ fund manager and head of research and global, Andy Headley, who also co-manages the firm’s Global Focus and Global Equity Income Funds.
It will continue with the same investment strategy, with its objectives, policies and risk profiles all remaining the same.
The Ucits III fund will be available to investors with a minimum investment of £7,000 and to institutional investors with a minimum investment of £30,000.
It is being made available to private clients, family offices, wealth managers, financial advisers and discretionary managers, on a global basis.
