With equity markets continuing their rally into Q3 2013, the demand for alternative UCITS strategies has continued, according to the Alceda Quarterly UCITS Review. Tracking the Absolute Hedge Alternative UCITS Index, which encompasses 454 funds, assets under management reached a
Kotak Mahindra (UK), a wholly-owned subsidiary of India’s Kotak Mahindra Bank, has announced the launch of the Kotak India Dynamic Fund, a multistrategy equity fund that aims to generate a
The Depository Trust & Clearing Corporation (DTCC) has completed its 100% acquisition of Omgeo. By leveraging both companies’ capabilities under a unified strategy, the acquisition enables DTCC to further expand its global footprint, advance service innovation and reduce risks and
The chairmen’s committee of Euronext regulators has issued a letter to ICE and NYSE Euronext indicating that they are "not minded to object" to the proposed merger between the two companies. With this important milestone achieved, ICE and NYSE Euronext
Morgan Stanley has been selected by BlackRock to serve as one of its primary clearing brokers for over-the-counter (OTC) derivatives transactions. Morgan Stanley acted as BlackRock’s clearing broker for its first live production transactions. “We believe that OTC clearing can
Troubled hedge fund Absolute Capital Management has closed one of its hedge funds and its office in Mallorca as poor performance and a big loss for the year cast a shadow over the firm’s e
SS&C Technologies has acquired Prime Management Limited, a fund administrator and a service provider to investment structures, sponsors and managers in the insurance linked securities market. Prime currently services 25 managers with USD6bn in assets under administration (AUA) from its
As of 06/30/2011 the Salus Alpha Commodity Arbitrage VT heads the list of Salus Alpha Funds with 1.78% MTD-Return. The fund returned +1.78% in June to date and excellent +8.99% since the beginning of the year 2011. The fund outperformed the
Although the overall number of countries with tax issues as a result of implementation of the UCITS IV Directive has decreased since 2010, there still remains a significant portion of EU Member Sta
