Funds
HSBC Global Asset Management this week launched the latest in its range of Global Investment Funds – HSBC GIF Frontier Markets Fund.
Deutsche Bank has teamed up with Omega Advisors to launch a new fund in December on its dbalternatives UCITS platform (which also supports managed accounts an
Natixis Global Associates, the fund distribution arm of Natixis Global Asset Management, this week announced the launch of the Harris Associates Concentrated US Value Fund.
Wells Fargo & Company has completed its previously announced acquisition of LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill.
This acquisition provides Wells Fargo’s Corporate Trust Services division with a complete service offering to the hedge fund and alternative investments markets. LaCrosse’s robust platform and technology offers traditional fund administration services as well as operational support, derivatives processing, bank debt processing and cash/collateral management.
Wells Fargo will maintain the LaCrosse name as well as its global footprint with operating centers and offices in New York, Minneapolis, London, Dublin, Singapore and
Global financial crises and continued market volatility have transformed attitudes toward investing. As managers respond to the evolving needs of investors and their advisors, previously segregated products and segments are converging, according to a new paper from SEI.
Regulated Alternative Funds: The New Conventional, which evaluates the opportunities and challenges managers face when launching and distributing alternative investment strategies in a registered mutual fund or UCITS format, says the convergence is seen in growing capital flows into regulated alternative investment products, most often in the form of UCITS funds and US-registered mutual funds.
During the first half of 2011, more
Deutsche Bank and Omega Advisors are to launch a UCITS compliant DB Platinum Omega fund on Deutsche Bank’s UCITS platform in December 2011. The fund will be managed by hedge fund veteran Leon Cooperman (pictured), Chairman and CEO of Omega.
Cooperman runs Omega Overseas Partners, Ltd, a fund with a long-biased equity long/short strategy investing mainly in US mid- and large-caps.
Tarun Nagpal, Deutsche Bank’s European Head of Fund Derivatives, says: “Partnering with hedge fund veteran Leon Cooperman represents another key milestone for Deutsche Bank and is testament to our investors that dbalternatives will strive to provide access to the
LCH.Clearnet has completed the transfer of over 300 MF Global UK client positions to the clearing member of the client’s choice. The operation has involved managing client positions across multiple markets including the London Stock Exchange, LIFFE, LME, Nodal, HKMEx, OTC energy, in multiple asset classes including cash equities, commodities, metals, financial and energy derivatives.
All segregated client monies have now been passed to MF Global UK Ltd’s (MF Global) administrator KPMG, enabling KPMG to return funds to clients. The final tranche was returned on Tuesday 29 November.
MF Global’s fixed income positions, which had a combined nominal value of over
Pictet Asset Management, the asset management and fund distribution arm of Swiss private bank, Pictet & Cie, one of the country’s oldest largest private banks, announced this week
Managers sitting on ML Capital’s MontLake platform are about to gain exposure to hundreds of banking groups across the German and Swiss markets.
Asia and the Middle East could potentially become major offshore centres for alternative investment funds according to a report published by the Association of the Luxembourg Fund Industry (
