Investment firm Amber Capital recently announced a UCITS version of the Amber Italia Equity Fund called Amber Equity Fund. The fund was launched on the Alpha UCITS platform, and will be managed by Amber Capital Italia SGR.
Hedgeweek.com explains that according to Amber, launching a UCITS fund “will provide the opportunity to raise further assets, not just in Italy, but in Europe and in the rest of the world as well.” The firm went on to explain that the target remains professional institutional investors. Amber Capital Italia SGR will be the primary distributer for the fund, and the goal is to expand the fund from around $80 million to $150 million during the next six months, and reach $250 million throughout the next two years.
Company founder Joseph Oughourlian said: “I am very proud of the launch of the Amber Equity Fund as it further strengthens our commitment to Italy, a country which we strongly belive and where we have been present for many years. We are also confident that transforming the Amber Italia Equity fund into a UCITS will widen out investor base.”
Alpha UCITS founder Stephane Diederich added: “Amber Capital organized a very thorough due diligence on most established UCITS platforms in order to launch its first UCITS fund and we are very excited that Amber Capital has chosen Alpha UCITS as its partner. The Amber Equity Fund is quite unique and will expand the current UCITS product offering.”