Funds
Verrazzano Capital, the European equity specialist investment boutique founded by Guillaume Rambourg, has launched the Verrazzano Advantage European Fund.
The fund, a UCITS-compliant Luxembourg SICAV structure, aims to achieve long-term capital growth by investing at least 80 per cent of its assets in the shares of companies listed in Continental Europe.
The fund is Verrazzano’s first long-only product offered to external investors, following the 2012 launch of two European equity long-short strategies to qualifying investors.
Rambourg says: “We’re delighted to launch our first long-only fund and make it available to a broad investment audience. It is an important
Alternative investment managers Gottex Fund Management and EIM Group have reached agreement on the proposed merger of their businesses.
The deal, which is subject to certain conditions including approval of Gottex shareholders, will establish a global investment management company with headquarters in Switzerland and offices in London, Boston, New York, Hong Kong and Shanghai.
The combined group will provide its clients with solutions in multi-asset, multi-manager and Asia-focused investments as well as risk and infrastructure services.
The all-share transaction is based on an exchange of shares where the EIM shareholders will receive up to 14 million newly issued
Alceda Fund Management SA announced this week that it had launched the ECPI MEGA TREND FUNDS-ECPI Sustainable Global Mega Trends in partnership with ECPI Group, a leading independent index solution and advisory provider.
The fund has been registered for institutional and retail investors in Switzerland, Austria, Germany and Luxembourg and for institutional investors in Italy. ECPI believes that by incorporating environmental, social and governance (ESG) analysis into the investment decision-making process it offers long-term value creation for both investors and society at large.
Climate change, emerging markets, scarcity of resources and population dynamics are key areas of focus in the
Amundi Alternative Investments SAS (Amundi AI) has obtained AIFM authorisation from the French securities regulator (Autorité des Marchés Financiers) for all of its investment solutions.
The AIFM directive, transposed by the EU member states on 22 July, regulates alternative fund managers for the first time as part of a dedicated framework.
Amundi AI says the development will enable it to offer institutional and private wealth clients access to alternative funds within a harmonised European regulatory framework.
In addition to the UCITS format, the AIFM directive has created a new label with an international scope that combines:
– Performance
Alternative UCITS funds gained 0.49 per cent in November according to the UCITS Alternative Index Global managed by Geneva-based Alix Capital. That brings year-to-date returns to 3.71 per cent; a substantial improvement on the figure of 1.63 per cent recorded for the whole of 2012. With the exception of the UAI FX, which ended November down 0.19 per cent, all other UAI strategy benchmarks recorded positive gains.
The best performing strategies were CTA, Multi-Strategy and Long/Short Equity, gaining 1.44 per cent, 0.97 per cent and 0.85 per cent respectively. The UAI Long/Short Equity is by far the best performing strategy
Arrow Capital Management has received all necessary approvals of applicable securities regulatory authorities to complete the purchase of BluMont Capital Corporation from Integrated Asset Management.
BluMont is the manager of the Exemplar Global Agriculture Fund, the Exemplar Global Infrastructure Fund, the Exemplar Leaders Fund, the Exemplar Timber Fund, the Exemplar Yield Fund, the Exemplar Canadian Focus Portfolio and the Exemplar Diversified Portfolio.
Arrow will continue to use the Exemplar Funds brand for its actively managed prospectus offered mutual funds.
Effective immediately, James McGovern (pictured), chief executive officer of Arrow, and Robert Maxwell, chief financial officer of Arrow, will
Sterne Agee, one of the oldest and largest privately held financial services firms in the US, has closed its purchase of London-based brokerage firm Yorvik Partners, which has been renamed Sterne Agee UK.
The acquisition establishes Sterne Agee's first overseas presence at 11 Ironmonger Lane, London, from which Sterne Agee plans to expand its services internationally.
"We envision an immediate impact in Europe and are excited that the door to international growth has been opened," says Eric Needleman, head of fixed income for Sterne Agee in New York. "This is undoubtedly an exciting step toward not only expanding but
Indus Valley Partners (IVP), a provider of technology solutions to alternative asset managers, has added a standard 40 Act rules library within the IVP Polaris data warehouse.
This will enable fund managers to ensure their trading does not breach any limits imposed by the specific mandate they have received from investors.
The 40 Act library is the latest addition to the IVP Polaris data warehouse that already supports CLO compliance rules, UCITS fund compliance, and BDC compliance.
Currently implemented across 25 funds with a total AUM of USD225bn and over, IVP Polaris is designed for the alternative asset management
Corporate credit specialist Muzinich & Co has launched the Muzinich & Co Global Tactical Credit Fund, which seeks to find the best credit investments across global public fixed income markets.
This is achieved through assessment of relative value across rating, duration and geographic spectrums, coupled with rigorous fundamental bottom-up analysis of investment grade and high yield corporate bonds and corporate loans.
The fund’s lead manager, Mike McEachern, may also use portfolio hedging techniques to help reduce short-term volatility during periods of rising interest rates or spread widening. The ability to hedge is designed to allow investment decisions to play
JTC Group has acquired the fund administration business of the Guernsey-based Anson Group.
Anson Fund Managers Limited (AFML) represents over GBP11.5bn in funds under administration and specialises in providing a wide range of support services to companies and funds.
Its clients include trading companies, open ended and closed ended funds and unit trusts, investment companies and limited partnerships, many of which are listed on stock exchanges such as the LSE, Euronext and AIM.
In addition to working for many London listed companies including FTSE 350 members, it acts for a third of companies listed on the London Specialist
