London-based hedge fund firm Westbeck Capital is set to launch a UCITS-compliant Electric Metals fund.
Expected to launch in February, the fund will have a management fee of 1.5% and a 15% performance fee. While the fund is aimed at institutional investors, sophisticated retail investors will be able to invest in the UCITS fund. The firm plans to add a retail share class in due course. In the meantime retail investors will be able to access the fund through Carne's Primo UCITS platform. Distribution firm Carne supports asset management firms in launching UCITS-compliant funds in Ireland or Luxembourg. Westbeck's chief investment officer Will Smith will manage the fund supported...
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