Pictet launches low-risk absolute return fund

Backed by the strong track record of the EUR2bn PF (Lux) Absolute Return Global Diversified Fund, Pictet Funds has announced the launch of a lower-risk absolute return product, the PF (Lux »

WM/Reuters gives spot foreign exchange rates 24-hour availability

WM/Reuters, an independent provider of foreign exchange rates, has expanded its Intraday Spots product to include the Asia-Pacific region, providing the market with 24-hour access to indep »

Isle of Man approves orders to complete the launch of new fund regime

The Isle of Man Financial Supervision Commission has announced that Tynwald, the island's parliament, has approved the legislative orders required to revamp the jurisdiction's fund legisla »

Absolute Capital fund restructuring wins investor backing

Absolute Capital Management has won mostly comfortable majorities in support of its restructuring plans for four funds whose exposure to illiquid, hard to trade US micro-cap stocks was rev »

Record growth for Jersey fund industry, says Lipper

Jersey's fund servicing industry has grown to USD225.9bn (GBP112.5bn) in 1,367 funds and sub-funds at the end of June, an increase of nearly 150 per cent from USD91.0bn (GBP59.7 billion) i »

UBS acquires France's Caisse Centrale de Réescompte

UBS has announced that it is to acquire the Caisse Centrale de Réescompte group, a French asset and wealth manager with EUR17bn in invested assets and 190 employees, from Germany's »

BDO Stoy Hayward's Fitzwilliam Growth Fund ranked top among funds of hedge funds

Fitzwilliam Growth Fund, a fund of hedge funds provided by UK specialist wealth adviser BDO Stoy Hayward Investment Management, has been ranked the best performing fund of hedge funds over »

Absolute Capital announces reopening of Absolute Germany Fund

With the result of October 27 shareholder votes on restructuring plans for four of its funds looming, Absolute Capital Management has announced that its Absolute Germany Fund has lifted th »

Eurex to launch euro inflation futures in January

Eurex has announced plans to become the first European derivatives exchange to offer euro inflation futures next year. »

Dutch alternative investments industry and political veteran call for pensions support

The Netherlands has a formidable asset in the global market for cutting-edge financial services with the strength and size of its pension funds and other institutional investors, but it ri »

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