Geneva-based Palaedino Asset Management, the fund manager arm of the Palaedino Group and Alix Capital (a Palaedino Group offshoot) who calculate and manage the UCITS AlternativePARA_BREAK_SENTINEL_9f8e7d6c

Geneva-based Palaedino Asset Management, the fund manager arm of the Palaedino Group and Alix Capital (a Palaedino Group offshoot) who calculate and manage the UCITS Alternative Index, have announced the launch of the first investable ‘UCITS alternative index’ – the Axiom UCITS Alternative Investable Index Fund. The Lux-domiciled SICAV will attempt to replicate the UCITS Alternative Blue Chip Index, which consists of the 50 top, equally weighted newcits and will offer investors weekly liquidity. The Blue Chip Index is rebalanced on a quarterly basis with each fund selected following transparent, replicable selection criteria. The Axiom fund is currently only available to institutional investors although it will soon be passported into European jurisdictions including Switzerland for retail investment. Commenting on the launch, CEO of Palaedino Asset Management, Alessandro Mauceri, said he believed that Ucits alternative funds were not hype but “were here to stay”. He added: “This product will provide broad exposure to the performance of alternative strategies in the UCITS III universe within a well-diversified and liquid product.”