Funds
Mourant Ozannes’ investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.
Introduced by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
Mourant Ozannes partner Dan Birtwistle (pictured) says: “In a buoyant fund raising market, the new JPF regime has quickly been seized on by existing and new clients alike as an effective, streamlined and proportionate product for privately offered alternative investment funds. The speed and
DNCA Investments has launched its first onshore OEIC with the DNCA European Select Equity Fund.
DNCA Investments, an affiliate of Natixis Global Asset Management, says the fund will invest a minimum of 80 per cent of assets in European (excluding UK) equities and employs a value investment approach, seeking stocks that are undervalued yet demonstrate sustainable profitability and growth.
The DNCA European Select Equity Fund will be run by two portfolio managers. Both based in Paris, lead manager Isaac Chebar (pictured), and co-manager Don Fitzgerald have combined investment experience of more than 40 years.
Chebar and Fitzgerald
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
MV Index Solutions (MVIS) has launched the MVIS All World Long/Short Equity Index.
The index captures the systematic returns (beta) of long/short equity hedge funds that invest both regionally and globally.
It analyses the regional MVIS Long/Short Equity Indices (MVLSDA, MVLSEM, MVLSGL, MVLSNA and MVLSWE) to identify the factors driving their returns. It then applies a patented methodology that constructs a low volatility portfolio of ETFs corresponding to the factors with the most positive momentum.
The new index complements the suite of MVIS Long/Short Equity indices that cover global and selected regional markets.
“By investing in
The Preqin All-Strategies Hedge Fund benchmark returned 0.76 per cent in April, its sixth consecutive month of gains, taking 2017 YTD and 12-month performance to 3.99 per cent and 10.67 per cent respectively.
In contrast to the wider benchmark, macro strategies have posted two consecutive month of losses, having returned -0.27 per cent in April and -0.09 per cent in March. However, all other leading strategies have been above water in each month of the year so far. Equity and event driven strategies have outperformed the industry benchmark in 2017 posting robust returns in April of 1.03 per cent and
April 2017 was an exceptional month for the alternative UCITS market in terms of capital inflow, according to the latest LuxHedge Alternative UCITS Overview report.
Total assets under management grew by EUR15 billion (+3.5 per cent), which represents the second largest absolute value growth ever recorded at LuxHedge.
Investors most notably increased their exposures towards fixed income arbitrage (+EUR7.2 billion), multi strategy (+EUR5.4 billion) and global macro funds (+EUR1.4 billion).
LuxHedge writes: “During the month of April, we added 20 new alternative UCITS funds to our database and liquidated 15. In line with the trend of the past
Global Prime Partners has relocated to larger offices to accommodate growing business lines, rebranded as GPP and launched a new website.
To date, 2017 has been all about growth and evolution at GPP. Demand for its core services – prime brokerage and clearing and custody – has been strong with the number of clients up 14 per cent year-on-year.
In February the firm launched a structured products business and is set to launch new wealth solutions and multi-asset execution business lines in the second half of 2017.
With this expansion came the need to relocate to larger offices
Garraway Capital Management, the London-based asset management firm has announced that Garraway Financial Trends is now available via platform provider Nucleus Financial, the wrap platform founded in 2006 by advisers.
“Garraway Financial Trends is now available on thirteen platforms and is one of the most widely available funds in the managed futures UCITS sector,” says Yannis Katsis, who spearheads Garraway’s distribution strategy in the UK.
“Increasing accessibility through a number of platforms will ensure that the Fund is even more widely available to investors seeking the valuable diversification benefits that managed futures can offer,” adds Katsis.
Latest performance to the
ACA Compliance Group is expanding its GIPS verification and performance practice, ACA Performance Services, with the acquisition of Ashland Partners’ GIPS verification and performance practice.
The transaction is expected to close in June 2017. The financial terms of the transaction have not been disclosed.
Headquartered in Jacksonville, Oregon, Ashland Partners was founded in 1992 and offers GIPS verifications and performance services, as well as traditional accounting services such as audit/tax, SOC 1, custody exams, QPAM audits, and Agreed-Upon Procedures to the investment management industry.
Over 40 employees from Ashland Partners will join ACA through this transaction. The new
Candriam Investors Group has launched a new digital long short equity strategy, designed to invest in companies benefiting from the digital evolution of the economy by tapping into the growth potential of innovative companies and shorting disrupted companies.
This Digital Long Short strategy is the latest addition to Candriam’s thematic strategies which already include specialist strategies in demography, biotechnology and robotics. Thematic strategies allow investors to capitalise on long-term socio-economic trends.
The investment mandate enables the team to invest in digital champions over the long term, but also short companies which rely on legacy technology and have a negative
