Castlestone Management has launched a Ucits III-compliant version of its global macro fund. Known as Intelligent Portfolio (IQ) Asset Allocation (Ucits) Fund aims to bring the advantages and performance capabilities of offshore, family office style investing to investors in the UK and Europe in a transparent and regulated wrapper.

It is a multi-asset fund with actively managed exposure in global equity securities, global bonds, commodity markets, money market instruments, currencies, global real estate markets and hedge funds, providing diversification benefits by using low-correlated allocations.

The fund is domiciled in Dublin and has been approved by the Irish Regulator. It offers daily liquidity and is available in US dollar, sterling and euro share classes.

Castlestone Management has a track record in multi-asset investments through its Porcupine Global Macro Plus which returned a positive 14.43% in 2008.

Castlestone Management previously launched Ucits III versions of two previously offshore-only commodity funds, the Aliquot Agriculture Fund and the Aliquot Commodity Fund. Wrapping a complex global macro fund in Ucits III entails more effort than the commodity funds.

The latest fund is more complex and invests in a range of asset classes, including, but not limited to, global equity securities, global bonds, commodity markets, money market instruments, currencies, global real estate markets and hedge funds.

Castlestone Management is a privately owned independent fund manager specialising in providing alternative assets for clients globally. Its clients are individuals and large institutions.