Galaxy Asset Management shuts China UCITS fund, Smith & Williamson to launch corporate bond UCITS, ALFI responds to EU proposal paper on UCITS V, while alternative UCITS end June down 0.23 per cent
Sun, 8 Jul 2012, 13:20
AsianInvestor this week reported that Joe Chan’s Galaxy Asset Management, one of Hong Kong’s longest running hedge funds, had decided to shutter its China Absolute Return Ucits hedge fund just 19 months after inception. The fund, which at the time was the first Ucits-compliant, China-focused hedge fund to be launched by an Asian fund manager, launched with USD30million in November 2010. It has now earned another, albeit unwelcome, first by becoming the first known closure of a China alternative Ucits fund by an Asian manager.
ALFI welcome proposed Ucits V regulation, but questions remain
Wed, 4 Jul 2012, 15:50
ALFI has welcomed a draft directive which aims to clarify and to harmonise the level of investor protection in the EU through the alignment of tasks and responsibilities that are expected from the depositaries of Ucits.
Equity market neutral, macro and volatility most sought after strategies in Ucits space
Tue, 3 Jul 2012, 13:50
Equity market neutral, macro and volatility strategies are likely to be the most popular allocations in the next six months, according to a survey by Alix Capital, the Geneva-based provider of the Ucits Alternatives Index family of indices.