Funds
Quantitative asset manager, Aquantum AG, which specializes in developing scientific methods to build managed futures strategies and is also a spe
Morningstar has called for greater transparency in the securities lending industry after conducting research into the practices of 10 European providers of physical replication exchange traded funds. Morningstar said that improvement was necessary in terms of disclosure of counterparties’ identities which remains “subject to much resistance”. Under the latest guidelines on ETFs and other UCITS-compliant funds provided by the European Securities & Markets Authority (Esma), a fund’s annual report will need to provide a list of borrowers. This should go some way to satisfying calls for greater transparency in this area.
Earlier this month Esma published ETFs and Other UCITS
InfraHedge, a managed account infrastructure platform and a subsidiary of State Street, has been selected by Milltrust International Group to launch its Emerging Markets Managed Accounts (EMM
InfraHedge, a managed account infrastructure platform and a subsidiary of State Street, has been chosen by Milltrust International Group for the launch of its Emerging Markets Managed Accounts (EMMA plc) platform, a dedicated emerging markets fund management platform housed within a single custodian relationship.
EMMA selects best of breed investment managers in high-growth emerging markets and has been promoted by Milltrust International as a Dublin-based Ucits umbrella fund.
The fund has launched with three sub funds managed by Bank Itau, BTG Pactual and Value Partners, focusing on Brazil, Latin America and Greater China respectively.
“Milltrust wanted the freedom to work
Last month saw the UCITS Alternative Index Global return 0.84 per cent according to its Geneva-based provider, Alix Capital. That leaves it up 0.50 per cent for the year.
Alternative asset manager The Carlyle Group and the management of The TCW Group, an asset management firm, are to acquire TCW from Société Générale.
As a result of the transaction, TCW management and employees will increase their ownership in the firm to approximately 40 per cent on a fully diluted basis.
Financial terms of the transaction, which is expected to close in the first quarter of 2013, were not disclosed.
Equity for the investment will come from two Carlyle investment funds, as well as from TCW management. The funds are Carlyle Global Financial Services Partners, a USD1.1bn
Luxembourg-based Alceda Fund Management S.A., one of the fastest growing independent structuring specialists in Europe with current AuA of more than USD7billion, announced
AlphaMetrix and Decision Analytics have come to an agreement regarding the initial Next Generation single manager product range.
The final manager and strategy selection criteria involve a number of factors with the prime focus on the quality and performance of the track record and strategy specialisation.
Next Generation Ucits funds will be listed on AlphaMetrix alongside managers’ non-Ucits funds and managed account vehicles, providing non-US investors a broader choice of vehicles offered by selected managers.
Discussions with potential partner managers is an ongoing process and includes advanced discussions with managers such as Episteme Capital Partners (CTA), Global Advisors (systematic commodities),
Carey Olsen has advised on the sale of FRM Holdings (Financial Risk Management) to Man Group by way of a Jersey scheme of arrangement.
FRM is one of the largest and hedge fund research and investment specialists with a global infrastructure of six offices and approximately 150 professionals in Europe, North America and Asia and it has funds under management of approximately USD8bn.
Man is an alternative investment management business. Man and FRM’s combined multi-manager business will have total funds under management of approximately USD19bn, making it the largest independent non-US based fund of hedge funds.
A cross-practice Carey Olsen
Citi has been awarded a mandate by Value Partners Group, one of Asia’s largest asset management firms, to provide a complete suite of global custody, fund administration, and fiduciary services for Value Partners’ first Ucits-compliant fund, Value Partners Absolute Greater China Classic Fund.
Launched in June 2012, the new Ucits fund is a sub-fund of Value Partners Ireland Fund, a Dublin-domiciled umbrella company regulated by the Central Bank of Ireland.
"Given the current challenging macro environment and the European sovereign debt crisis, investors are keen to explore fund products that have an Asian focus and exposure” says Timothy Tse, chief
