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UBS Asset Management has added its Xtra Yield strategy to the firm’s Luxembourg-domiciled SICAV by a launching a UCITS compliant version of the fund reported Citywire Global this week.
Investors can choose from four different strategies in the UBS Strategy Xtra Fund range: Fixed Income, Yield, Balanced, Growth. In addition to fixed income and equities, the Xtras also invest in hedge funds to enhance diversification and broaden the set of investment opportunities. The UBS (Lux) Strategy Xtra Yield (Ucits) fund will be run by Robert Hellstrand who manages the existing UBS (Lux) Strategy Xtra SICAV – Yield fund, which launched
- 21/07/2014
Hedge funds gained 1.41 per cent in June, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index is now up 3.76 per cent in 2014.
“As investor’s shrugged off a downward revision of first quarter GDP and focused instead on the positive economic news coming out of the US, equity markets rallied to new all-time highs in June,” says Sol Waksman, founder and president of BarclayHedge. “Equity prices in emerging markets and Japan posted strong gains as well."
All but two of Barclay’s 18 hedge fund indices gained ground in June. The Barclay Healthcare &
- 21/07/2014
Interactive Data, a provider of independent evaluated pricing and reference data services, has introduced a solution to help financial institutions address the Alternative Investment Fund Managers Directive (AIFMD).
The solution can help alternative investment fund managers and their service providers successfully manage the transition to AIFMD and maintain ongoing compliance with it.
The new due diligence, transparency and reporting requirements of the Directive present a range of data and valuation challenges, especially for those firms that have not previously managed or operated these functions.
Interactive Data can help clients to identify and address their AIFMD needs. For example,
- 18/07/2014
Thomas Murray Data Services has launched a suite of products and has been working with a number of depositary banks to provide a total risk solution to ensure depositary bank compliance with the Alternative Investment Fund Managers Directive (AIFMD).
"Thomas Murray Data Services already delivers post-trade risk monitoring for over 65 global banking groups, more than 25 of which act as depositary banks," says Simon Thomas, chief executive of Thomas Murray Data Services. "We are in ongoing discussions with many more throughout Europe, each one obliged under AIFMD to monitor its own post-trade infrastructures and counterparty exposures in accordance with
- 18/07/2014
Income Partners Asset Management (HK) Limited has launched its first China onshore RMB bond fund under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.
Income Partners is the first independent, Hong-Kong based “non-Chinese” asset manager to launch an onshore RMB bond fund.
The fund is Hong Kong SFC authorised, and is available to both institutional and retail investors in four different currencies – USD, EUR, RMB and HKD.
Emil Nguy, founding partner and chief investment officer of Income Partners, says: “We are very excited about our new fund as this RQFII product is unique. It provides investors with
- 18/07/2014
Hedge fund performance was positive in June for the second consecutive month, according to the latest eVestlment monthly summary report.
June also marked the third month of positive returns in the first six months of 2014.
The industry returned 1.14 per cent in June, 1.89 per cent in Q2 and ended the first half up 3.08 per cent, on pace for an annualised return of 6.26 per cent for the year, lagging 2013 and 2012.
Activist hedge funds posted large gains in June, an average of 3.51 per cent, making the group the best performing strategy in both
- 18/07/2014
The second half of 2014 looks set to be a strong period for capital allocations to hedge funds, according to a poll of institutional investors conducted by Credit Suisse Capital Services.
Of the investors surveyed, 97 per cent indicated that they plan to be highly active in making allocations during the second half of this year.
This compares favourably to 85 per cent of investors who responded that they had already been active in making allocations in the first half of the year.
Robert Leonard, managing director and global head of capital services at Credit Suisse, says:
- 18/07/2014
2014 has been good for long/short equity funds, asset-wise – investors poured USD51.6 billion (net) into them in H1 2014, the strongest inflows since H1 2006.
According to the latest data from Eurekahedge, global hedge funds saw net inflows of USD65.3 billion in H1 2014 (similar to the numbers a year earlier). That plus performance-based gains pushed industry assets under management up USD105.6 billion in the monitored period, to a record high USD2.12 trillion.
European hedge funds attracted USD31.3 billion in net asset flows in the first half of 2014, up from USD15.9 billion over the same period last
- 17/07/2014
Sussex Partners has signed an agreement with Credit Suisse to introduce the Credit Suisse (Lux) Small and Mid Cap Alpha Long/Short Fund to selected clients in Switzerland, Liechtenstein, the UK and the Netherlands.
The agreement between Sussex Partners and Credit Suisse follows a lengthy period of discussion and due diligence between the parties.
Patrick Ghali, managing partner of Sussex Partners, says: "We were looking for a good European long/short fund for a long time, but hadn’t been able to find a manager that we found truly convincing, able to deliver consistent risk adjusted returns and that was suitable also from
- 17/07/2014
Increased competition, innovative structures and the use of leverage have caused the trading of secondary interests to be more efficient in H1 2014 with improved processes, whilst offering better prices to vendors.
That’s according to a report from Cattegatt Secondaries, a specialist broker for private equity and illiquid hedge fund assets.
Over the same period, the majority of deal flow continued to be originated in Europe and the US, but significantly there has been increased activity from Asia.
Deal flow in the US has been caused largely by portfolio rebalancing, with LPs consolidating their exposures into their preferred
- 17/07/2014
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