This publication brings latest news of product launches and innovation in global wealth management.

Aventicum Alternative Equities, the investment boutique focusing on European long/short strategies that is part of a joint venture by Credit Suisse and the Qatar Investment Authority, has rolled out its first-ever UCITS fund.

The Absolute Return European Equity Fund offers access to an existing equity strategy through a UCITS ICAV onshore structure. The strategy will adopt a fundamental bottom-up approach to seek non-consensus opportunities predominantly in large- and mid-cap European equities.

Domiciled in Ireland, the fund targets a 10-15 per cent annualised return with volatility of 8-10 per cent and will be managed by the same team as the offshore fund. Based in Geneva, the investment team is comprised of chief investment officer Riccardo Cavo and portfolio managers Andrea Buda and Barry Kelly. The fund offers daily liquidity.

The JV is called Aventicum Capital Management.

The UCITS variant has been launched in response to client demand from investors who are seeking to capitalise on renewed opportunity to achieve absolute return through stock selection rather than market exposure, Aventicum said.