Lombard Odier has launched a southern Europe fund in its Luxembourg Sicav, which it is to begin mark...
Lombard Odier has launched a southern Europe fund in its Luxembourg Sicav, which it is to begin marketing to intermediaries, writes Robert Stock.
The Mediterranean Rim Fund could later be launched as an FSA-recognised sub-fund of the LO UK Invest clone of the Sicav.
The fund, which is managed by Daniel Rezzonico, will invest principally in Spain, Portugal, Italy, Greece, but will also have exposure to Israel, Morocco, Tunisia and Egypt.
It has an initial charge of 5%, 3% of which is available as commission. It has an annual management charge of 1.5%.
The group has already launched three sub-funds into the UK through the cloned vehicle: the LOIUK Europe, LOIUK Infology and LOIUK Pacific Rim.
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