Weekly UCITS News (Friday)

After a strong finish at the end of July, the momentum in the Ucits hedge fund universe kept going for the first three weeks in August 2010. »

Threadneedle plans to launch the UK Absolute Alpha Fund in quarter four, reinforcing its absolute return fund range.  »

With recent reports and individual commentators suggesting that US pension fund allocations into alternative investment vehicles will rise from their current three pe »

This week’s spotlight is on Frankfurt-based Tungsten Capital Management and their market neutral absolute return PRO ART ERV Fund. »

US corporate credit manager, Concerto Asset Management, has won a EUR60 million credit alpha absolute return mandate from London-based multi-manager boutique, Goodhart Partners. »

Signet, the London and Swiss-based fund of hedge funds management and advisory group, is preparing to launch the Signe »

August results show that global hedge funds, using Hedge Fund Research’s HFRX UCITS III-compliant index, made modest gains of +0.17 per cent, bringing them to +0.18 per cent YTD. »

Concerto Asset Management, a manager of US corporate credit based in Charlotte, North Carolina, has received a EUR60m credit alpha absolute return mandate from Goodhart Partners, a multi-manager business based in London. »

EFAMA released its latest research report this week, in which it finds that long-term UCITS favoured much stronger than shorter-term money market funds for June. »

Pictet Funds has announced this week it is launching Pictet-Environmental Megatrend Selection, a euro denominated UCITS-III compliant fund of funds. »