Citi has been awarded an expanded mandate from Kayne Anderson Capital Advisors to provide administration services for five additional hedge funds. Citi’s total hedge fund mandate with Kayne Anderson now includes seven funds and over USD2bn in assets under administration.
GlobeOp Financial Services has been appointed to provide investment management operations outsourcing services for European Credit Management, a specialist asset manager and subsidiary of Wells Fargo with approximately EUR12.1bn (UD15bn) in assets under management. GlobeOp, which has completed more than
RBC Global Asset Management has launched RBC BlueBay Absolute Return Fund, a fixed income mutual fund sub-advised by BlueBay Asset Management, a specialist fixed income and alternative asset manager. The fund is available to institutional and high-net-worth investors across the
Alternative Road Investment Advisers, Belvedere Asset Management and LJM Funds Management will advise new alternative mutual funds through Two Roads Shared Trust, a shared mutual fund trust open to new advisers effective 1 November 2012. Two Roads is designed to
Interactive Data, a provider of financial market data and analytics, says its valuations service for OTC derivatives and structured products, offered in conjunction with Prism Valuation, is now being used by more than 25 financial institutions. A wide range of
Threadneedle has launched the Threadneedle Enhanced Commodities Fund, which will provide investors with an opportunity to invest in an actively managed long-only Ucits III fund with exposure across the commodity spectrum. David Donora, manager of the new fund, says: “Threadneedle’s
Hedge fund Diamondback Capital is to close after investors asked for the return of USD520m – more than 25 per cent of the fund’s current assets. Diamondback co-heads Richard Schimel and Larry Sapanski informed investors of the decision by letter
With the UK’s coalition completing half of its term in government, the Chancellor was under pressure to deliver more measures to stimulate growth in his Autumn Statement, says Azad Zangana, European Economist at Schroders… Facing a faltering economy largely knocked
Mary Chris Gay (pictured), portfolio manager of the Legg Mason US Equity Fund, explains how low inflation rates, slack in the economy and continuing high rates of unemployment have put the US in a ‘sweet spot’ of the equity investment
The Euro Stoxx Index and its respective size indices Euro Stoxx Large, Mid and Small, have been licensed to Eurex to serve as the basis for equity index futures and options. This is the first time that these four indices
