Funds
American Century Investments has expanded its liquid alternatives offering with the launch of the AC Alternatives Long Short Fund, the second multi-manager fund to be launched under the firm's AC Alternatives brand.
The new fund uses an open architecture subadvisor approach to access experienced, specialised managers who employ differentiated approaches to long/short equity investing. Long/short equity strategies seek to take long positions (buys) in undervalued equities and short overvalued positions in equities issued by companies across all market cap and geographies.
"The addition of AC Alternatives Long Short to our suite of liquid alternatives solutions reflects our commitment to meeting
The US CFTC has ordered Citibank to pay a USD250 million civil monetary penalty to settle charges that it attempted to manipulate, and made false reports concerning, the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products.
In accition, Citibank is required take specified steps to implement and strengthen its internal controls and procedures, including measures to detect and deter trading potentially intended to manipulate swap rates such as USD ISDAFIX and to ensure the integrity of interest-rate swap benchmarks.
“The CFTC’s order demonstrates that we will vigorously continue to investigate any
Malta has addressed one of the biggest issues in European fund management – the speed to market – with its new Notified Alternative Investment Funds (NAIF) framework, according to Jeremy Leach, Chief Executive Officer of the Managing Partners Group (MPG).
Malta, together with Luxembourg, is one of the first two jurisdictions in Europe to adopt the new framework and the move is likely to expand its share of the alternative investment funds (AIF) market, marking yet another step in the country’s move to becoming a leading financial centre, Jeremy Leach says.
Under the NAIF framework, product providers are directly regulated
Hedge funds investing in Russian and Latin American Emerging Markets (EM) have posted strong gains through early 2016, leading performance through April, as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year.
The HFRI EM: Latin America Index leads all areas of hedge fund performance for 2016 with a gain of +15.3 per cent through April, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.
Recent gains for
Offshore law firm Appleby has appointed Alex Brainis as a partner in the Investment Funds group, in the firms’ Cayman Islands office.
Managing Partner, Bryan Hunter, says: “On behalf of the partners, it is my pleasure to extend a warm welcome to Mr Brainis as he joins us from Toronto. He is the second partner to join the Investment Funds team in the past six months, and we are confident that his vast experience in this space ranging from legal expertise, client relations and business development to fund administration will be of great benefit to the firm.”
Brainis joins Appleby
American Beacon Advisors, a provider of investment advisory services to institutional and retail markets, has launched the American Beacon GLG Total Return Fund.
The American Beacon GLG Total Return Fund is managed in an absolute-return style focused predominately in fixed income instruments of issuers that are economically tied to emerging market countries. The Fund’s sub-advisor, GLG (Man GLG) employs a primarily bottom-up and top-down investment process in which country credits, currencies and local rate curves are analysed for relative value. Man GLG, a wholly owned subsidiary of Man Group, is a discretionary investment manager offering absolute return and long-only funds
The SS&C GlobeOp Forward Redemption Indicator for May 2016 measured 4.38 per cent, up from 2.94 per cent in April.
"Looking at the year over year comparison, SS&C GlobeOp's Forward Redemption Indicator for May 2016 was 4.38 per cent, an improvement from the 4.68 per cent seen a year ago for May 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "So far in 2016, four of the first five monthly Forward Redemption Indicator readings have come in lower than the corresponding months of 2015, indicating that investors continue to show confidence in their hedge fund allocations."
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has completed a rebrand of the product formerly known as MyTreasury and launched EBS Treasury as a cash and FX liquidity management centre for treasurers.
As announced in July 2015, EBS Treasury has now gone live with a new FX offering, fully integrated into the new platform to act as a single gateway to multiple markets.
EBS BrokerTec has added new FX functionality onto the EBS Treasury platform to support the trading of FX spot, forwards and swaps, leveraging FX pricing from EBS Direct – EBS BrokerTec’s disclosed
Lyxor Asset Management and Nordic financial services group, SEB are to launch a multi-manager strategy in the form of a dedicated Multi-Manager UCITS vehicle, offering daily liquidity.
The product aims to provide a transparent and efficient structure to investors, and is designed to navigate the current uncertain market context. SEB will act as investment advisor, while Lyxor will manage the investment strategy that will be available to
SEB’s institutional and private investor base.
The firms write that the strategy’s innovative format is a simple and cost-efficient solution for investors looking to alternative strategies for diversification and enhanced performance with
The unlisted natural resources debt fundraising market has developed since the financial crisis, with 54 funds closing since 2010 raising a combined USD29 billion.
The most successful year of fundraising occurred in 2013 when 15 funds reached a final close, raising a combined USD11 billion; by comparison, five funds raised just USD0.5 billion in 2014, and nine funds closed in 2015 securing USD5.5 billion of investor capital. Since 2010, 79 per cent (USD23 billion) of investor commitments have gone to funds with a primary focus on energy; vehicles with a diversified approach saw the next highest amount of capital, raising
