Funds
In turbulent equity markets, the Saemor Europe Fund logged its 15th consecutive month of positive performance in August. The long book contributed negatively as markets plunged, while the shorts contributed positively.
The long book performed better than the market as it dropped less on an unlevered basis. Stock selection was most successful in Consumer Discretionary, but less so in Banks. Our stock selection model maintained its robust performance, a balanced view across all factors once again performed well. Profitability as well as most quality factors ended in the positive.
High quality stocks outperformed on the back of rising volatility.
Old Mutual Global Investors is to launch the Old Mutual Absolute Return Government Bond Fund, which is a UCITs fund, and the Old Mutual Liquid Macro Fund, which is a Qualifying Investor Alternative Investment Fund on 7 October 2015.
The strategy will launch with USD150 million seed capital from Old Mutual plc.
The Funds will be managed by Russ Oxley and his team, who joined Old Mutual Global Investors from Ignis Asset Management earlier this year. Russ, the Lead Manager, and Co-Managers Adam Purzitsky and Paul Shanta, will be supported in their portfolio management and trading by Huw Davies
The RWC Nissay Japan Focus Fund has seen strong demand from investors, raising USD150 million since its launch in March of this year.
This new UCITS fund closely replicates the Japanese Stewardship Fund – a Dublin-domiciled AIF – which was launched in 2005.
Yasu Kinoshita heads up the investment team who work out of Tokyo and are advised by Corinna Arnold and Mike Connors out of RWC in London. Since 2005 the Japanese Stewardship has seen very strong performance of 68 per cent over the TOPIX since its inception and more recently returned 21 per cent YTD demonstrating that opportunities to generate
Ramsey Quantitative Systems has selected SEI's Advisors' Inner Circle Fund (AIC) II as the turnkey operating structure for it’s new Small Cap Hedged Equity Fund.
Through its Investment Manager Services (IMS) division, SEI SEIC, -0.43% supplies customized operating infrastructure and services to investment organizations around the world.
SEI helped pioneer the series trust concept over 20 years ago by introducing Advisors' Inner Circle Fund as an institutional-quality turnkey mutual fund operating platform in 1991. The AIC series trust enables investment organisations to rapidly launch and grow mutual funds without having to build their own fund operating infrastructure. The solution
Broadmeadow Capital, a subsidiary of Cedar Capital, has completed the acquisition of the investment strategies and management contracts of F-Squared Investments.
"With the transaction completed, Broadmeadow Capital is providing uninterrupted access to AlphaSector investment strategies," says David Cabot (pictured), president at Broadmeadow Capital. "We look forward to working with current and prospective investors who continue to show great interest in the unique performance characteristics of AlphaSector."
Paul Ingersoll, chief executive officer at Cedar Capital, adds: "With Broadmeadow Capital's expanded product portfolio, we feel optimistic about the firm's position as a provider of alternative investment strategies that help investors manage
Custom House Fund Services, a provider of financial services to the alternative investment sector, has been named “Best North American Shadow Accounting Firm” in Hedgeweek’s 2015 USA Awards.
The fifth annual awards, which were presented in New York on 10 September, recognise excellence among hedge fund managers and service providers around the world. Chris Albright, Managing Director, accepted the award on behalf of Custom House. The awards were determined by the votes of Hedgeweek’s subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
Carne Group and CalQRisk, a developer of enterprise-wide risk management technology solutions, have launched a technology-driven solution for fund boards.
This new Carne CalQRisk product has been tailored to the requirements of fund boards and fund directors facing increased risks and responsibilities in the areas of cybersecurity and financial crime.
Carne CalQRisk aims to provide fund directors with a comprehensive and holistic assessment of cybersecurity and financial crime risks for the fund entity and its delegates. This includes a risk management framework for fund directors to assist in identifying where gaps exist in relation to policies, procedures, systems and
Interest rate volatility is like a storm cloud building on the horizon. The US Federal Reserve has kept rates stable for nigh on a decade, but global asset managers are now preparing for their fixed income portfolios to feel the impact of a rate rise later this year.
In a speech delivered at Jackson Hole on 29 August, US Federal Reserve Vice Chairman Stanley Fischer gave the latest indication of an imminent interest rate hike by saying: “There is good reason to believe that inflation will move higher as the forces holding inflation down – oil process and import prices, particularly
Ultimus Fund Solutions has been selected by Topturn Capital to provide comprehensive fund administration and distribution services for the firm's first mutual fund.
The Monterey, California-based alternatives manager launched the fund through the Ultimus Managers Trust, leveraging Ultimus’ administration, distribution and compliance expertise to seamlessly deliver a proven private fund investment strategy to mutual fund investors. Topturn is the latest in a series of hedge fund managers looking to increase their distribution by launching new mutual funds through the Ultimus Managers Trust, the firm’s series trust offering.
“We’re proud of our ability to create customized plans which support the
Guernsey’s financial services regulator approved 18 new investment funds during the second quarter of 2015, resulting in a total of 112 additions for the year ending 30 June 2015.
Figures from the Guernsey Financial Services Commission (GFSC) also show that the net asset value of all funds under management and administration in Guernsey fell by GBP2.3 billion (-1 per cent) during the second quarter to GBP219.9 billion. The value of deposits held by banks in Guernsey increased by GBP0.2 billion (0.2 per cent) during the same period to reach GBP83.6 billion; representing a rise of GBP6.1 billion (8 per cent)
