The European Securities and Markets Authority (ESMA) on Thursday 13 October released its guidance on cross-border operations between Member States and the role of master/feeder funds.
A greater focus from regulators and investors has led to an increased number of hedge fund and private equity managers actively considering strategic moves to more favourable domiciles, according to a new report from Clear Path Analysis. Emerging regions are
This week the UK Financial Services Authority (FSA) announced that it had modified its rules on the provision of the key investor information document (KIID), required to
Apex Fund Services has opened its second US office in Miami, Florida. Apex has grown by 185% since 2009. Apex’s US operations are currently managed from its office in New Jersey which is run by Managing Director Vince Sarullo. He
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm. The group that UBS joins comprises BofA Merrill Lynch, GETCO
Société Générale Securities Services (SGSS) announced at this week’s Fund Forum International the launch of a turnkey solution to enable asset management companies and independent managers to create, manage and promote Ucits funds. SSGS said that the solution was aimed
Equity market neutral, macro and volatility strategies are likely to be the most popular allocations in the next six months, according to a survey by Alix Capital, the Geneva-based provider of the Ucits Alternatives Index family of indices. The Ucits
With concerns that China’s rapid economic expansion could slow down in 2012 and hit economies and commodity prices, European hedge fund managers are positi
Long/short equity emerging market specialist Finisterre Capital this week announced the launch of a standalone UCITS-compliant fund in response to client demand stemming from Solvency II requirements. The UCITS-compliant Finisterre Emerging Market Debt Fund launched with USD55m of seed capital
Glendevon King Asset Management, the independent fixed income boutique based in London, Guernsey and Luxembourg, announced this week the launch of a Norwegian Krone class (NOK) in its new Gl
