Luxembourg Financial Group announced this week the launch of the first two newcits on their open-architecture Liquid Alpha

Luxembourg Financial Group announced this week the launch of the first two newcits on their open-architecture Liquid Alpha Ucits Platform (LAUP). They include CastleRock Asset Management’s US Liquid Equities Fund and Sabre Fund Management’s All Weather Fund. The former launched with USD25million in AUM, the latter with USD22million. This is just the start for LFG who confirmed that a further eight funds were in the pipeline. “LAUP is now well on its way to being the leading independent UCITS solution for hedge funds,” said Gareth James, Head of Hedge Fund Solutions at LFG. Sabre’s Managing Partner, Melissa Hill said that LFG were chosen because they’d been impressed with their ability to deliver a cost-effective and highly professional service to tight deadlines. CastleRock’s founder Paul Tanico was quoted as saying: We are excited about the opportunity to partner with LFG on the launch of our UCITS III fund, CastleRock US Liquid Equities, as we believe they understand best the incredible opportunity this vehicle presents for funds like ours.”