The fund will invest in fixed-income strategies; a second fund to be launched next year will invest in a hedge fund of funds
[SINGAPORE] Private bank Union Bancaire Privee (UBP) is launching its first fund under Singapore’s variable capital company (VCC) framework.
The fund will invest in fixed-income strategies and has already attracted commitments of S$200 million, said Guy de Picciotto, UBP’s chief executive.
A second fund is expected to launch next year, investing in a hedge fund of funds, and has commitments of an estimated S$50 million.
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