James Williams, Hedgeweek

Context Asset Management adds alternative mutual fund to three major platforms… Pictet Asset Management adds PTR-Agora fund to Total Return fund range…

The alternative UCITS market saw its AuM grow by 15.6 per cent to EUR184.2bn through the first six months of 2014 according to the Alceda Half Yearly UCITS Review. However, whilst inflows remain strong, performance has tailed off. Through the first half of 2013 alternative UCITS funds returned 5.95 per cent compared to just 0.52 per cent this year. »


Acquisition

BNP Paribas Securities Services to acquire Prime Fund Services from Credit Suisse

BNP Paribas Securities Services is to acquire Prime Fund Services (PFS), a provider of fund administration, custody and banking solutions for alternative investment managers, from Credit Suisse. »


Up arrow

Hedge funds up 1.1 per cent in June, says Morningstar

The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 1.1 per cent in June, along with global stock and bond indices. »


Globe

Highland Capital Management now compliant with Global Investment Performance Standards

Dallas-based investment management firm Highland Capital Management is now compliant with the Global Investment Performance Standards (GIPS) and has been independently verified for the period of 1 January 2009 to 31 December 2013. »


Gavel and scales

NFA takes emergency enforcement action against Connecticut firm Nord Capital Advisors

National Futures Association (NFA) has taken an emergency enforcement action against commodity trading advisor and commodity pool operator Nord Capital Advisors and company principal Yakov Shlyapochnik. »


One finger

Lyxor launches its first AIFMD multi-manager funds

Lyxor Asset Management, now a fully licensed alternative investment fund manager (AIFM), has launched two AIFMD compliant funds of managed accounts. »


Russia flag

S&P Dow Jones Indices to consult on Russian securities in indices

S&P Dow Jones Indices (S&P DJI) is initiating a consultation on Russian securities in its indices. »


Results

Man Group funds under management rise by seven per cent

Man Group has reported a positive first half to the year with funds under management, gross sales and net inflows all showing increases during the period. »


Mutual funds

Rothschild Larch Lane Management Company launches alternatives fund

Rothschild Larch Lane Management Company has launched a liquid, open end alternatives mutual fund which uses a risk balanced approach to portfolio construction.  »


Up arrow

Alternative UCITS AUM reaches record levels in H1 2014, says Alceda

The first half of 2014 saw a new milestone reached in the alternative UCITS sector with assets under management (AUM) growing by 15.6 per cent to EUR184.2 billion, according to the Alceda Half Yearly UCITS Review. »


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