Compliance and regulatory services provider Cordium has acquired HedgeStart, a provider of UK tax, accounting and regulatory compliance consulting services to the investment management and securities industries. The deal marks another chapter in a period of planned expansion for Cordium,
Following three completed investments since mid-2012, NewAlpha Asset Management has announced the fourth incubation partnership between the French managers-only seeding fund Émergence and Rcube Asset Management. Émergence has provided EUR30m of funding for Rcube’s Global Macro UCITS Fund, which is
The Securities and Exchange Commission has established comprehensive arrangements with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) as part of a long-term strategy to improve the oversight of regulated entities that operate across
Germany’s Federal Financial Supervisory Authority (BaFin) has approved a tax agreement between Switzerland and Germany that will give Swiss securities funds (SSFs)
Man Group’s GLG Partners is to launch the GLG European Equity Alternative (the fund), a UCITS version of its successful GLG European long-short strategy. Managed by Pierre Lagrange (pictured), partner and co-founder of GLG, Simon Savage, a specialist in
The newly launched EMERGENCE seeding platform, created in early 2012 with the backing of seven major French institutional investors and managed by internationally recognised seeder NewAlpha Asset Management, has announced its first seeding partnership with Eiffel Investment Group, through its
Fitch Ratings said in a recent report that uncertain market liquidity or the inability to fully deploy leverage may make some credit hedge fund-like strategies less than compatible with a UCITS structure. The agency says many credit hedge fund strategies
Fund information provider Morningstar has dropped its use of ‘Absolute Return’ to classify UCITS funds available in Europe and Asia and replaced it with 18 new classifications re
Old Mutual Asset Managers is preparing to launch a new UCITS fund for manager Simon Murphy in the fourth quarter this year, subject to regulatory approval.
London-based LNG Capital is preparing to launch a UCITS-compliant version of its flagship LNG Europa Credit Fund reported HFMWeek this week.
