Funds
Deutsche Asset & Wealth management and Ivory Investment Management have launched the UCITS compliant DB Platinum Ivory Optimal Fund on Deutsche Bank’s UCITS platform.
The fund, currently at USD130 million, will be managed by Curtis Macnguyen, founder and head portfolio manager of Ivory.
Ivory is a research-intensive, fundamental value-based investment firm. Ivory’s investment strategy is to deliver risk-adjusted returns with low correlation to market indices, while protecting capital in all market conditions. Ivory seeks to take long and short positions primarily in equity securities of publicly traded companies.
Ivory manages over USD2 billion in equity strategies and is
Alceda Fund Management SA this week announced a new fund on its Alceda UCITS Platform (AUP). The CCMG Navigator – Tactical Fixed Income Fund, managed by Philadelphia-based Clark Capital Management Group, Inc. The Lux-domiciled fund continues the strategy of the Clark Capital Navigator Fixed Income Total Return Investment Solution, which launched in the US in 2005.
Founded in 1986, Clark Capital manages over USD2.8bn in client assets. Within the mutual fund, portfolio managers seek to deliver income and risk control while reducing interest rate sensitivity. The firm believes a crucial component of the fund is its ability to shift out
North Street Global Fund Services, an alternative asset administrator, has closed on its acquisition of Los Angeles-based hedge fund administrator Hedge Solutions.
North Street Global Fund Services chief operating officer Joseph Musto, who co-headed the acquisition team, says: “Hedge Solutions is a great fit into the North Street Global family and further acts as a clear indication of our commitment to growing our resources to better serve our clients.”
This acquisition by North Street is its second such transaction in the last 12 months and additionally expanded the firm geographically to the west coast.
North Street will keep
UK-based hedge fund manager Man Group has confirmed that it is in talks to acquire Boston-based fund management group Numeric Investors.
According to a short statement on the group’s website, the company says that it: “notes the recent press speculation and confirms that it is in discussions concerning the possible acquisition of Numeric Holdings LLC. These discussions are ongoing and may or may not lead to a transaction. Further announcements will be made if and when appropriate.”
Numeric, which currently has approximately USD14 billion in assets under management, focuses mainly on quantitative investment strategies.
The European Energy Exchange (EEX) and the Kazakh commodity exchange Caspi JSC have concluded a cooperation agreement.
Signed on 15 May 2014 at the International Carbon Forum in Astana, Kazakhstan, both companies expressed their joint commitment to develop exchange-based emissions trading within the Kazakh emissions trading scheme.
“EEX supports the use of market-based instruments in climate policy and the long-term vision of a globally-linked emissions market,” says Peter Reitz, chief executive officer of EEX. “Therefore, we appreciate Kazakhstan’s engagement as the first Asian country to launch a national carbon market and are glad to support the development of Caspi
Lord, Abbett & Co LLC ("Lord Abbett"), an independent investment management firm, this week announced that it had launched Passport Portfolios to provide non-US institutions and non-US resident investors with access to select Lord Abbett fixed income investment strategies through a suite of UCITS funds.
The strategies available include:
Lord Abbett Short Duration Income Fund
Lord Abbett High Yield Fund and
Lord Abbett Strategic Income Fund.
The portfolios are listed on the Irish Stock Exchange. Arbour Partners has been appointed to support distribution of the Passport Portfolios in Europe. Founded in 1929, Lord Abbett is now increasing its footprint as
Altana Wealth, the investment management group founded by Lee Robinson, has launched a UCITS version of its absolute return Altana Corporate Bonds Fund (ACBF).
The UCITS fund, which is unconstrained, is now open to outside investment and launched with EUR15 million.
Altana is offering both income and accumulation share classes for both retail with a 1.25 per cent management fee, and institutional with a 0.75 per cent management fee.
With low annualised volatility at less than four per cent, the UCITS will attract a SRRI risk rating of just 3. The fund has UK reporting status and offers
Liquid Holdings Group has signed a joint marketing agreement with ConvergEx Prime Services, the prime services division of ConvergEx Group.
Under the terms of the agreement, ConvergEx Prime Services will offer the Liquid platform as an option to its broad portfolio of prime brokerage clients including hedge funds, family offices, mutual funds, and registered advisors, and Liquid will refer its clients to ConvergEx for prime brokerage services.
“We are thrilled to work with ConvergEx Prime Services, one of the leading names in the prime brokerage industry, because we share a common commitment – empowering hedge funds to build more
Northern Lights Capital Group and WHV Investment Management have invested in EAM Investors, a California-based manager which focuses on small and micro-cap equities.
Northern Lights and WHV will be teaming up with EAM to grow its international business, consisting of international small cap, emerging markets small cap, and international micro cap equity strategies.
EAM currently manages USD987 million and was founded in 2007 by Travis Prentice, Montie Weisenberger and Josh Moss, who all have managed small and micro-cap portfolios for institutional clients for over 12 years.
“We’re excited to partner with the team at EAM, and believe they
The Association of the Luxembourg Fund Industry (ALFI), in association with the Luxembourg Association of Risk Management (ALRiM), has published new risk management guidelines.
The guidelines cover operational risk management within UCITS, and risk management under the Alternative Investment Fund Managers Directive (AIFMD).
Marc Saluzzi, chairman of ALFI, says: “The publication of these guidelines highlights Luxembourg’s business friendly, expert and competitive jurisdiction for both UCITS and Alternative Investment Funds, which is being recognised by the industry. So far 38 AIFM authorisations are on the CSSF’s list with a further 30 approved yet to be added. 200 have so far
