Funds
ICAP, a markets operator and provider of post trade risk mitigation and information services, has made an investment in Enso Financial Management (EFM), an early-stage firm providing hedge funds and asset managers with portfolio reporting and data analytics services.
Based in New York, EFM reports on more than USD100bn in global assets under management. The company will use the funding to drive continued product innovation and expand geographically to support its growing client base.
Demand for services has increased significantly as buy side firms using multiple prime brokers, custodians and swap dealers increasingly require flexible reporting and analytics
Ashburton (Jersey) Limited is to form the international arm of a new asset manager that will become the fourth financial services franchise of FirstRand Limited alongside existing brands FNB, RMB and WesBank.
The new business takes its name from Ashburton, which has a long established track record of providing traditional products in developed and emerging markets, and which will now form part of Ashburton Investments.
These traditional offerings – currently managed on behalf of both international and Southern African investors – will be supplemented by the integration of the investment management businesses of BJM, RMB Private Bank
Lyxor Asset Management has launched the Lyxor/Tiedemann Arbitrage Strategy Fund, a new UCITS-compliant vehicle designed to give access to a pure merger arbitrage strategy in partnership with the hedge fund firm TIG Advisors.
The fund will benefit from TIG’s merger arbitrage expertise supported by large deal experience, strong focus on research and high market convictions.
The fund’s investment strategy is to play arbitrage deals from both a long and a short perspective by investing in securities that are subject to special events in North America, Europe, Australia, South America and Asia. The investment team focuses on 0-30 day events
After launching the Ashburton Africa Equity Opportunities fund last month, Jersey-based asset management firm Ashburton has rolled out its second UCITS fund reported Citywire Global this week. The Luxembourg-domiciled Ashburton Global New Energy fund will be managed by Richard Robinson, with Alan le Maistre acting as deputy manager. The fund will target long-term growth opportunities in companies operating in oil, gas, coal and renewable energy sources. Three quarters of its assets will be invested in listed companies with up to 10 per cent being allocated to unlisted companies. The fund is benchmarked against the MSCI Energy index.
UBS Global Asset
The UCITS Alternative Index Global gained 0.53 per cent in May, putting it at +2.34 per cent for the year. The UCITS Alternative Index Funds of Funds enjoyed a fifth consecutive month of positive returns with a 0.65 per cent performance, up 2.25 per cent for the year.
All but two strategies enjoyed gains for May: the UAI Long/Short Equity generated its second-largest gains this year with 1.53 per cent and is the best YTD performer at 4.77 per cent. The second best performing index in May was the UAI Event-Driven, up 1.07 per cent (YTD 1.84 per cent). The
UCITS funds continue to be one of the most popular forms of foreign-domiciled funds in Asia Pacific according to an article written 30 May 2013 by Sanjay Jayant, Global Head of Product Solutions – Fund Services, HSBC Securities Services. Their popularity, says Jayant, is principally down to the level of protection their give investors and, if they are domiciled in Luxembourg or Ireland – as many UCITS funds are – certain tax advantages.
Fund promoters and managers in Asia are busy capitalizing on what has become an internationally recognized fund wrapper and as Jayant writes: “Fund managers are using UCITS to
Appleby has acquired Caledonian Trust (IOM) and Caledonian Fund Services (Europe) as part of the group’s ongoing strategy to grow its fiduciary and administration business.
Sean Dowling (pictured), office managing partner of Appleby (Isle of Man), says: “We have continued to look for new opportunities to build on the success of Appleby Trust (Isle of Man) Limited since its establishment in 2000. The staff at Caledonian are a great fit with our team – they strive for the high standards of service our clients are used to and we are pleased to welcome them on board.
“Appleby is committed
Ashburton has launched the Africa Equity Opportunities Fund with a strategy focused on targeting undervalued listed African equities (ex-South Africa) across various sectors to achieve long-term capital growth.
Aimed at experienced retail and institutional investors, including the private wealth and family office space, Paul Clark will be the lead adviser to the fund, bringing over 15 years’ experience in African listed equity markets.
Clark says: “Now is an exciting time for Ashburton to be launching an Africa Fund; Africa is a growth story and seven of the ten quickest growing economies globally will be in Africa in the next
London remains Europe’s leading hedge fund capital, helped by the proliferation of UCITS-compliant hedge funds according to a new report by TheCityUK. The primary driver for this is the fact that such fund vehicles will escape being regulated by the upcoming Alternative Investment Fund Managers Directive; which is, in essence, UCITS-equivalent regulation applied to the alternative fund space. According to the report,
London remains by far the dominant centre in Europe, managing around 85 per cent of European based hedge fund assets. The city’s share of the hedge fund market has remained steady over the past four years despite fears
Rasini Fairway Capital has redomiciled its Stafford SICAV – Global Equity Fund to Luxembourg in a UCITS regulated format using the Alceda UCITS Platform (AUP).
Rasini Fairway Capital is an independent financial advisory company with offices in Zurich and London and a 20 year track record of managing long/short equity fund-of-hedge funds (FoHF).
The Stafford SICAV – Global Equity Fund is the flagship fund of Rasini Fairway. Stafford SICAV is a former British Virgin Islands (BVI) domiciled fund that was launched on 1 April 1993 as SF Fund Ltd and was recently re-domiciled to Luxembourg by Alceda.
