IPM completes transition from FundLogic with own Umbrella

Stockholm (HedgeNordic) – Following Morgan Stanley´s decision to discontinue the FundLogic Alternatives umbrella last year, Informed Portfolio Management, IPM, has completed the transfer of its subfund to its own, Irish domiciled UCITS Umbrella.

The IPM UCITS ICAV has retained the services of Northern Trust who remain as Custodian, Transfer Agent and Administrator. Davy Investment Fund Services Limited (DIFS) has been appointed as the external Management Company to manage the regulatory obligations on behalf of IPM UCITS ICAV. IPM meanwhile remains as investment manager to the sub-fund which runs the same trading strategy as the flagship, Cayman Island based vehicle. The strategy ran a total of $5.7bn as of the end of December 2018, while the firm manages $8.7bn, in total across various strategies.

Stefan Detlof, COO at IPM commented: “We have worked really hard to make the transition process as smooth as possible for investors and are pleased to see the new fund finally coming into life. DIFS, which we carefully selected after a thorough process last year, have brought in a wealth of experience to facilitate the transition but we are also indebted to Morgan Stanley and Northern Trust for their dedication to the transfer process and their ongoing support”.

Serge Houles, Head of Client Portfolio Management, who has been instrumental in the UCITS project from the start, also added: “We are committed to match the high standards of client service set by Morgan Stanley in co-operation with DIFS. The attraction of uncorrelated returns has brought us clients from all across the globe and the UCITS format has enjoyed the same success, now being passported in 16 countries across Europe. The new fund will remain at the heart of our product offering.”

The strategy returned 1.9% during 2018, and shows a compound rate of return of 7,7%, since inception in July 2006.


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About Author

Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

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