All news

Handshake

Lakeview Investment Manager appoints Tony Lissuzzo as portfolio manager

Lakeview Investment Manager, an activist fund of hedge funds, has appointed Tony Lissuzzo as portfolio manager of the Lakeview Opportunity Funds. »

Regulation

Newedge welcomes EU derivative reform

Newedge Group, a provider of multi-asset brokerage and clearing, says it supports the European Commission’s legislative proposals to reform the over-the-counter derivatives market. »

Financial results

Harcourt AUM increases to USD4.7bn in first half of 2010

Harcourt Investment Consulting, the Switzerland-based alternative investment solutions provider, says assets under management as of 30 June 2010 have reached USD4.7bn, corresponding to a growth of USD200m for the first half of 2010. »

Meeting

Twelve Capital spins off from Horizon21

Twelve Capital, an investment manager focusing on insurance related investment opportunities, has completed its spin-off from alternative investments manager Horizon21. »

Larry Leibowitz, chief operating officer of NYSE Euronext

NYSE Euronext completes migration of NYSE and NYSE Amex to US data centre

NYSE Euronext’s US data centre in Mahwah, New Jersey, has completed the migration of more than 4,500 equities issues listed on the New York Stock Exchange and NYSE Amex.  »

Olivier Sciales _ Chevalier and Sciales

Luxembourg reaches out to sophisticated Ucits

 Traditionally Luxembourg hedge funds and funds of hedge funds have been set up under part II of the law of December 20, 2002 on UCIs and, more recently, Specialised Investment Funds governed »

Derek Adler Ifina

In the front line of funds best practice

 Ifina’s organisation in June of a networking evening at BVI House in London, featuring speakers representing the global hedge fund industry and the funds sectors in the British Virgin I »

Demetrios Anaipakos, partner, Ahmad, Zavitsanos & Anaipakos

Ernst & Young facing securities fraud lawsuit over failed hedge fund

Attorneys from Houston's Ahmad, Zavitsanos & Anaipakos are representing a group of investors in a lawsuit filed against hedge fund auditors Ernst & Young after the group lost more than USD17m following the collapse of a Plano, Texas-based hedge fund that promised low-risk investments. »

Simon Shilder Ogier

A new statute for regulation of BVI funds

 On May 17, 2010, the Securities and Investment Business Act, 2010 (SIBA) came into force in the British Virgin Islands. »

Peter Stapleton  Maples and Calder

The continuing evolution of Ucits in Ireland

Market commentary and discussion on the merits and limitations of alternative Ucits funds continue to generate considerable interest for hedge fund managers and their investors. »

Hans-Olov Bornemann

How the ‘ultimate fund’ was created

Today alternative Ucits III structures are very much in vogue, but the SEB Asset Selection Fund traces its origins back more than five years, to a train journey to northern Sweden in March 2005. »

phil masterson SEI

Are you ready to capitalise on convergence?

Due to the combination of bruising market losses, high correlation among asset classes, unexpected illiquidity and epic scandals, the investment management industry faces a restless, empowered investor base. »

UCITS 3 front cover

European regulation holds key to future alternatives landscape

Nearly two years after the bankruptcy of Lehman Brothers brought home to the global financial industry the seriousness of the crisis that unfolded from the collapse of the US sub-prime mortgage market, the shape of the regulatory environment drawn up as a response to the past three years of turbulence is now taking shape, for better or worse. A major step came on July 21 with the signing into US law of the Dodd-Frank Wall Street Reform and Consumer Protection Act. »

Alyssa A. Grikscheit, Sidley Austin

Alyssa Grikscheit joins Sidley Austin as a partner in New York

Law firm Sidley Austin has appointed Alyssa A. Grikscheit as a partner in the Latin America and investment funds, advisers and derivatives practices. »

Euro notes

Long-term UCITS net outflows less severe in June reports EFAMA

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. »

Philippe de Weck, Pictet,

Pictet to launch environmental UCITS fund of funds

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

Thumbs up

Fund spotlight: Fidelity’s FAST Europe 1 EUR ACC Newcits

This year, in the traditional equity L/S strategy category one fund has stayed consistent: Fidelity International’s Fidelity Active Strategy (FAST) Europe 1 EUR ACC fund. »

Diversity is the key to FundLogic Alternative says Morgan Stanley’s Sadique

Diversity is the key to FundLogic Alternative says Morgan Stanley’s Sadique

As investors continue to see the benefits of UCITS, so the number of platforms to facilitate fund growth expands. »

Man with megaphone

SEB's fund of hedge funds arm to launch first Newcits offering

UK-based fund of hedge funds firm, Key Asset Management, is joining forces with one of its owners, Scandinavian bank SEB, to launch its first newcits according to HFMWeek. »

Brian Kelliher Dillon Eustace

Distribution potential drives Newcits growth

 Ireland is seeing the establishment of an increasing number of ‘Newcits’ – Ucits funds that pursue alternative investment strategies. »