Citi launches directors' deals fund based on conviction


Citi launched its European Directors' Insight Fund on June 29, the second sub-fund from its Ucits III fund platform, First Investment International Funds. The new fund is aimed at capturing the outperformance of companies subject to significant purchases by European directors. By July 13, the fund had already attracted EUR65 million.

Tracking the publicly declared investments of bank directors in Germany has already formed the basis of a global insider value index launched by Commerzbank, but

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