Pictet Asset Management announced this week the launch of its latest Lux-domiciled UCITS fund.
Investors pulled a modest USD1.66 billion from the global hedge fund industry in January. However, strong hedge fund performance almost across the board in January offset those redemptions, lifting total industry assets to USD3.214 trillion, according to eVestment’s January 2019 Hedge
Fund administrator Apex Group (Apex) has acquired Beacon Fund Services (Bermuda) Ltd, Beacon Corporate Services Ltd and Beacon Management Ltd (Beacon). Apex is a portfolio company of Genstar Capital. The acquisition of Beacon, a Bermuda-based fund administrator, adds USD10 billion in
Most Alternative UCITS funds were off to a very good start in January, according to the LuxHedge Global Alternative UCITS Index which posted a solid gain of +1.30 per cent to start the year, well recuperating December losses. Four out
Mackenzie Investments has launched three new liquid alternative funds designed to manage the negative impact of market volatility and improve portfolio stability. The funds join the Mackenzie Multi-Strategy Absolute Return Fund to form a suite of alternative solutions that
The Eurekahedge Hedge Fund Index rose 2.35 per cent in January 2019, recording its strongest January performance since 2006 as fund managers recovered from the losses sustained during the last few months of 2018. The index ended 2018 with its
Pangea Blockchain Fund has held the close of its seed round and debuted its inaugural International fund focussed on transformative blockchain solutions. The firm secured USD22 million and expects fundraising to be capped at USD200 million. Pangea Blockchain Fund’s
London-listed alternative investment manager Man Group has agreed to acquire a 25 per cent stake in Nephila Capital, a specialist manager working with insurance-based instruments such as i
A corporate team from Carey Olsen Bermuda has advised Apex Group (Apex) on its purchase of Beacon Fund Services (Bermuda) Ltd, Beacon Corporate Services (Bermuda) Ltd and Beacon Management Limited (Beacon). The acquisition of Beacon, a well-established Bermuda-based fund administrator,
The LF Woodford Equity Income Fund (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. This step signals the start of a strategy to switch the fund’s
