Funds
Macro Currency Group, the specialist currency investment boutique of global asset management firm Principal Global Investors, has launched the Principal Global Investors Funds Multi Strategy Currency Fund, (the Fund), a Dublin-registered, UCITS-compliant vehicle.
Managed by Mark Farrington (pictured) and Dr Ivan Petej, the Fund is available to a broader cross section of investors given its UCITS wrapper and is a sign of the growing acceptance amongst investors as to the benefits of currency as a primary portfolio component.
The Fund marks the first time a currency vehicle has combined independent alpha and beta income streams in one product offering. Designed
The IMA has voiced concerns that different jurisdictions are allowing managers greater flexibility when reporting fund charges in the Key Investor Information Documents (KIID) under UCITS IV report
Pictet Asset Management announced this week the launch of its latest Lux-domiciled UCITS fund.
Germany’s Universal-Investment has announced the acquisition of SEB Master KAG, a UCITS platform, a move which Universal-Investment spokesperson Bernd Vorbeck said will strength
Oslo-based DNB Asset Management, the fund management arm of DNB, has decided to take advantage of its specialist knowledge of its domestic market by launching a Norway-focused absolute retur
HSBC has launched a High Net Worth & Institutional share classes for the HSBC Next Generation Fund.
The HSBC Next Generation Fund invests in new and upcoming hedge fund managers globally aiming for an annualised target return of 12% to 15% over a market cycle with target volatility of 8% to 10%. The Fund offers monthly liquidity.
The HSBC Next Generation Fund is a concentrated portfolio comprising of 10 to 15 emerging managers investing across all hedge fund strategies. The underlying managers must have sound industry reputation and a proven track record at investment banks and established hedge funds.
New Forests Inc has launched Forest Carbon Partners – an investment vehicle for California-compliant forest carbon offset projects – and closeed of the fund’s first two transactions.
Forest Carbon Partners offers forest carbon offset project finance and development services to private forest landowners nationwide. The fund manages all aspects of project evaluation, development, registration, and credit sales. Through its portfolio of projects, Forest Carbon Partners will deliver carbon market revenue to landowners and a reliable supply of high-quality offsets to California compliance buyers.
In its first two transactions, Forest Carbon Partners has partnered with a family forest owner and
Palmer Square Capital Management, along with Montage Investments and Atlantic Asset Management, has agreed an investment partnership with LNG Capital, a long/short European credit firm based in London that focuses on European corporate credit investments.
In addition to securing significant investment capital, the relationship provides LNG Capital with access to the distribution channels of Montage and Atlantic.
"The LNG Capital team has extensive experience managing credit portfolios for top European institutions," says Christopher D Long, president of Palmer Square. "There are very few managers that focus specifically on European credit as an asset class. Given the recent economic turmoil
The IMS Group (IMS), a leading global governance, risk and compliance services group has acquired all outstanding shares in the New York based subsidiary of the same name, IMS Consulting US (IMS US).
This is the second acquisition this year of a US compliance company for The IMS Group which last month invested in HedgeOp Compliance (HedgeOp), the leading US provider of specialised compliance software and consulting services for investment advisers.
IMS US, founded and managed by Micah Taylor, is now a wholly owned subsidiary of IMS. Taylor and his team will retain their current roles and will continue
State Street Global Markets, LLC (SSGM), intends to join SwapClear, LCH.Clearnet’s global over-the-counter (OTC) IRS clearing service, by June, 2012 subject to regulatory approval. SwapClear’s total clearing membership is currently 61.
“Our membership will provide our institutional investor clients with a key venue for clearing the multiple swap products now being brought into a cleared environment under the emerging regulatory changes in Europe and the United States,” says Clifford Lewis (pictured), executive vice president and head of State Street’s Exchange business. “State Street’s diverse, global client base demands a wide range of clearing choices across regions, exchanges and products. We
