Pictet brings Luxembourg to UK

The fund management arm of Pictet Asset Management intends to convert the range, currently an FCP structure primarily used by institutional investors, to a more retail-friendly SICAV in the coming months. Provided this goes ahead, it will then apply for distributor status for the range, or parts of it, and create sterling share classes for funds that will be promoted to UK retail investors. Stephen Barber, Pictet group managing director, said: “We are looking to restructure the fund range and want to obtain distributor status to make it available to UK investors.” Barber said the p...