Luxembourg-based Next Generation Absolute Return, a specialized Ucits investment management business, has rolled out the Next Generation Ucits Boutique Select Venture, FINalternatives reports. The new venture focuses on specialized boutique investment management firms with a proven non-Ucits alternatives fund management track record and provides them a complete Ucits solution.
The solution includes a mandate to manage a Ucits fund, early stage capital provided by the Next Generation ACATIS Ucits Boutique Select Fund, managed by Germany’s ACATIS Investment, as well as marketing. Next Generation will source managers through a number of channels, including the portfolio of managers that received initial investments from various hedge funds.
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