Swiss alternative boutique Dominicé & Co – Asset Management is set to distribute its Cassiopeia Ucits fund in France.
Cassiopeia Ucits, launched on 11 June 2015 is a sub-fund of Ireland-domiciled fund Dominicé Funds Plc and uses volatility arbitrage strategy to deliver absolute return.
The fund invests into a portfolio of financial derivative instruments and a portfolio of debt instruments.
The portfolio of financial derivative instruments consists of listed futures and options on equity indices and equity volatility indices, as well as foreign exchange swaps and forwards.
As of June 2016, Cassiopeia Ucits had over $100m (€94.6m) in assets under management.
At that time, Pierre de Saab, partner and head of Asset Management at Dominicé & Co, commented: “Launching a new fund is always challenging. We are extremely gratified that investors’ needs for an alternative Ucits fund has coincided with the current positive environment for volatility strategies, enabling the fund to reach a critical mass of $100m in AUM in just under one year.”