Following the acquisition and integration of Nexar, Union Bancaire Privée (UBP) has launched an alternatives division that offers clients broad alternative investment expertise and solutions. »

NewAlpha Asset Management, the Paris-based global hedge fund seeding group, and the SICAV Emergence have made a joint seed investment in KeyQuant, an investment manager specialising in systematic strategies. »

Law firm Walkers has named investment funds and finance specialist Mark Lewis as senior partner. »

Jersey Finance has welcomed the signing of a Double Taxation Agreement (DTA) between the authorities in Jersey and Luxembourg. »

Total capital invested in the global hedge fund industry expanded during the first quarter at the fastest rate since 2010 as global financial institutions positioned for both growth and volatility across fixed income, equities, currencies and commodities. »

Stenham Asset Management has launched two funds of hedge funds – Stenham Credit Opportunities and Stenham Healthcare. Stenham Credit Opportunities launched on 1 January 2013 with USD21m and has returned 3.44 per cent since inception. »

The SS&C GlobeOp Forward Redemption Indicator for April 2013 measured 2.95 per cent, down from 4.33 per cent in March. »

Mariner Investment Group, an alternative asset manager, has named Richard Rumble, the former head of global emerging market equity prop trading at Goldman Sachs, to run a global emerging market equity portfolio on the Mariner Incubation Platform. »

Stuart Levett and Julia Agafonova have joined CVC Credit Partners as managing director focused on European trading activity and director of fund administration, respectively. »

Ireland’s Minister for Jobs, Enterprise and Innovation Richard Bruton has formally launched the Irish Debt Securities Association at the Royal College of Physicians in Dublin. »