New fund launched


Elysium Fund Management Limited acts as administrator for a recently established, registered open-ended fund for a US investment manager investing mainly in long and occasionally short positions in equity and debt securities, derivatives and other financial instruments. The fund launched in late 2012 with assets under management of approximately US$2.2 billion. Sullivan & Cromwell acted as UK legal advisers to the fund and Mourant Ozannes acted as Guernsey legal advisers.