LaCrosse Global Fund Services has agreed to acquire the global alternative fund administration business of Bank of America Merrill Lynch, subject to regulatory approval. Terms of the deal were not disclosed. Once the acquisition is complete, LaCrosse will have more
UBS Investment Bank has expanded its UBS E-Tracs exchange-traded notes platform by adding the UBS E-Tracs Alerian Natural Gas MLP Index. It has begun on NYSE Arca under the ticker symbol MLPG, and provides exposure to an equal weighted
Algorithmics, a provider of risk solutions, has cautioned against the danger that is inherent in proposals to use standard liquidity ratios that do not account for bank size, resulting in a simplistic indication of a bank’s liquidity position. The comments
Hedge funds as measured by the Greenwich Global Hedge Fund Index cut net exposures and limited the losses experienced by markets in June. The index shed 0.84 per cent compared to losses of 5.23 per cent by the S&P 500
Final performance for the Dow Jones Credit Suisse Hedge Fund Index is confirmed down 0.84 per cent in June. Overall, performance was up 0.63 per cent in the first half of 2010. Five out of ten sectors posting negative performance
Altin, the Swiss alternative investment company listed on the London and Swiss stock exchanges, has increased its exposure to event driven managers from 12.14 per cent to 18.58 per cent. The company added two new event driven funds, reflecting the
Virtus Investment Partners, which operates a multi-manager asset management business, has launched the Virtus Premium AlphaSector Fund, an extension of Virtus’ AlphaSector product suite which is sub-advised by F-Squared Investments. Similar to the Virtus AlphaSector Allocation Fund and the AlphaSector
The IQ Alpha Hedge Strategy Fund, the first no-load, open-end mutual fund designed to replicate broad-based hedge fund performance characteristics, has marked its two-year anniversary. “The past two years have seen explosive demand for liquid, transparent hedge fund-like exposures, as
Rydex SGI has launched four mutual funds that aim to help investors weather the ups and downs of challenging market environments. The funds are the Rydex SGI Event Driven and Distressed Strategies Fund, Rydex SGI Long Short Interest Rate Strategy
Mutual fund, hedge fund and private equity managers fear the impact of inflation but are optimistic about the prospects for US and Asian equity markets over the next 12 months, according to survey data published by RBC Capital Markets. The
