Funds
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has certified a Dow Jones Industrial Average Futures contract submitted by the Osaka Securities Exchange (OSE).
The contract satisfies the requirements of the Commodity Exchange Act and the Commission’s Regulations and may be offered or sold to persons in the US through OSE’s direct access terminals located in the US.
April saw a distinct drop in UCITS net inflows according to the latest fact sheet released by the European Fund and Asset Management Association (EFAMA).
The DB Platinum IV dbX Millburn Multi-Markets Index Fund (the fund), a UCITS-compliant version of the Millburn Ridgefield Corporation (Millburn) Multi-Markets trading program, has improved liquidity terms and now offers daily dealing.
The fund, which recently marked its one-year anniversary, has attracted USD 108 million in assets since inception. It was originally launched with a weekly liquidity provision.
The fund provides investors with access to Millburn’s Multi-Markets trading program (“Multi-Markets”), offered through a European-based, regulated format and modified only as necessary to comply with UCITS constraints and requirements.
Multi-Markets, upon which the fund’s strategy is based, trades a diversified set
Key Investor Information becomes a reality in twenty days – and this is just the start. Martin Bock (pictured), Senior Manager, Funds Segment Strategy at RBC Dexia, comments…
Fund managers beware. Short and concise documents that explain to investors the investment objectives and risk profile of a product – pioneered through Key Investor Information (KII) documents under UCITS IV – are being taken up by regulators worldwide.
With just twenty days to go until KII becomes mandatory under UCITS IV, regulators are reacting to increasing calls for well-structured short-form documents that provide investors with straightforward information so they can evaluate a
Aquila Capital’s AC Spectrum Fund has achieved convincing returns since its launch one year ago. With assets under management (AUM) of over EUR 180 million, the Fund has been one of the fastest growing alternative UCITS funds and ranks amongst the largest alternative funds in the UCITS universe.
The AC Spectrum Fund has delivered a return of 4.62% since its launch in May 2011, whilst the Newedge CTA Index, which is regarded as a benchmark for the CTA universe, incurred losses of -1.06% over the same timeframe.
According to the independent Absolut Report, only 26.1% of alternative UCITS funds
Macquarie Investment Management (MIM) and Amundi, through Amundi Alternative Investments’ Managed Account Platform, has awarded an EUR80 million mandate to MIM’s Fixed Income and Currency team to trade G101 currencies actively.
For the past 20 years, Amundi, the second largest asset manager in Europe, has been a market leader in Hedge Fund investments for the benefit of its external clients and for its proprietary funds. Its sustained investment in staff and systems throughout this period is a demonstration of its commitment to this business and the resilience and innovation required to manage alternative assets through bull and bear market conditions.
TOBAM, the Paris-based asset management firm established by Yves Choueifaty and colleagues in 2006 as the Quantitative Asset Management Group within Lehman Brothers
This week Daniele Haefele, CEO of Acolin, the Zurich-based independent fund distribution provider, talked to Hedgeweek about distribution opportunities in Switzerland.
Dalton Strategic Partnership LLP (DSP) is closing two funds within its Melchior range of UK OEIC Funds. The move has been made in order to focus its efforts on a smaller number of funds.
The Melchior Japan Opportunities Fund and the Melchior UK Opportunities Fund will be closed once permission has been received from the Financial Services Authority (FSA). Both funds enjoyed considerable success in the past, although in recent years they have struggled to attract clients and have become uneconomic vehicles for investors. Glen Pratt, the Portfolio Manager of the Melchior UK Opportunities Fund, will remain at DSP as a
The British Columbia Securities Commission has settled with two men who admitted to participating in an alleged market manipulation involving a US over-the-counter issuer.
In two separate settlement agreements with BCSC staff, BC residents Malkeet Singh Bains and Narvinder Singh Patric Virk each admitted that he reasonably should have known that his actions led to a misleading appearance of trading activity in or an artificial price for Sungro Minerals Inc shares. Sungro, a Nevada corporation that originally had its head office in Surrey, BC, is quoted on the US over-the-counter bulletin board.
Bains specialises in insurance broker services and was
