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SCHELCHER PRINCE CONVERTIBLES BECOMES A MULTI-COMPARTMENT SICAV
2 July 2019

Schelcher Prince Gestion has decided to offer investors a multi-compartment SICAV comprising compartments that replicate the strategies already being followed in the asset manager’s main funds.


As part of its international development plans, Schelcher Prince Gestion has decided to offer investors a multi-compartment SICAV comprising compartments that replicate the strategies already being followed in the asset manager’s main funds.

 

The legal structure of a multi-compartment SICAV makes sense for investors for two main reasons. Firstly, having a dedicated supervisory board adds another layer of governance and secondly, the multi-compartment structure gives investors access to a broad fund range within the same legal structure. 

Accordingly, the Schelcher Prince Convertibles SICAV has been converted into a multi-compartment SICAV. 

 

Other key funds from the Schelcher Prince Gestion range will be absorbed in the future to add compartments. As part of the change, the Schelcher Prince Convertibles SICAV will change name to Schelcher Prince Investissements.

 

Several compartments have been created since 12 October 2018:

  • Schelcher Prince Investissements–Schelcher Prince Convertibles, which replaces the original SICAV.
  • Schelcher Prince Investissements–Schelcher Prince Haut Rendement, via the absorption of the Schelcher Prince Haut Rendement FCP
  • Schelcher Prince Investissements–Schelcher Prince Obligation Moyen Terme via the absorption of the Schelcher Prince Obligation Moyen Terme FCP

 

Schelcher Prince Convertibles Global World integrated the SICAV on 31 December 2018; Schelcher Prince Court Terme on 25 January 2019; Schelcher Prince Opportunités Européennes on 18 April 2019 and Schelcher IVO GLOBAL YIELD 2024 on 15 July 2019.