Alternative Advisors LLP, a London based investment boutique, has announced the launch of the Castillon Diversified Fund, a regulated (UCITS III) multi-manager investment vehicle.

The fund's objective is to generate attractive absolute returns whilst ensuring that capital is preserved in any market condition by investing in UCITS compliant absolute return funds and regulated financial instruments.

The UCITS III regulation offers investors a strongly regulated framework, more transparency and better liquidity terms while maintaining the benefits of an absolute returns vehicle.

Castillon Diversified Fund is a sub-fund of the Whitefleet umbrella, a Luxembourg SICAV part I (UCITS III). The fund will be launched on June 16th with EUR 60m, it offers weekly liquidity and is denominated in Euros.

The management fees are 1.25% for the retail "B" class and 1% for the institutional "I" class (EUR 1m minimum investment). The performance fee is 10% above 3 months EUR LIBOR for both classes.

About the Investment Manager

Alternative Advisors LLP is a FSA regulated investment manager founded by Philippe Dupuy and Cedric Lamielle in June 2006, 100% owned by its management.