PIMCO has launched the PIMCO GIS StocksPLUS Absolute Return Fund which aims to deliver consistent excess returns and diversification by combining passive exposure to the S&P 500 index with a complementary, actively-managed bond alpha strategy.
Launches & Fundraising
Accelerate Financial Technologies has launched three zero management fee, performance fee only alternative exchange traded funds (Accelerate Alt ETFs).
Commonfund Capital has held the closing of its second secondaries fund, Commonfund Capital Secondary Partners II with USD450 million of capital commitments sourced from investors including endowments, foundations, pension plans, insurance pools and family offices.
Mediolanum International Funds Limited (MIFL), the Irish management company of the Mediolanum Banking Group, has added four new Funds to add to its growing Best Brands umbrella offering.
Fairtree asset management launches global fixed income fund on Prescient Fund Services Ireland’s UCITS platform
Fairtree Asset Management (Pty) Ltd, a multi-strategy alternative and long only investment manager established in 2003, has selected Prescient Fund Services Ireland as the UCITS Management Company and Fund Administrator for its first Irish UCITS fund.
J Stern & Co, a London and Zurich-based Private Investment Office, has launched its successful World Stars Global Equity strategy in a Luxembourg UCITS fund.
RWC Partners has today launched the RWC Next Generation Emerging Markets (NGEN) Fund for its established Emerging & Frontier Markets team.
TD Asset Management (TDAM) has launched two new alternative investment solutions for accredited investors – the TD Greystone Mortgage and Short Bond Pooled Fund Trust and the TD Emerald Private/Public Debt Pooled Fund Trust.
By Craig Cordle (pictured), Ogier – It’s no secret that new investment company listings have been relatively sporadic of late – I won’t say this is entirely down to Brexit (see below recent successful initial public offerings which Ogier Guernsey has acted on), but it’s clear to me that Brexit has stalled a number of fundraisings which have gone out to market. Fortunately, the word is that as soon as we have a bit of clarity on the way forward, there may be a race to market.
Neuberger Berman has held the final close of NB Private Debt Fund III at USD1.7 billion, surpassing its target of USD1.5 billion.