Funds
London-based investment manager, Polar Capital, founded in 2001 and running USD3.9billion as at end-September 2011, has announced plans to launch a new Dublin
The first merger of an Irish authorised Ucits has been approved under the new merger regime for Ucits as set out in the UCITS IV directive reported law firm Dillon Eustace’s Financial Serv
American Century Investments has launched a US growth equity fund for the firm’s CIO, David Hollond (pictured) reported Citywire Global this week.
Earlier this week Edouard Carmignac, who runs Europe’s largest fund – the EUR24 billion Carmignac Patrimoine – along with colleag
Specialist finance and advisory firm Trafalgar Capital Advisors (TCA) has entered into a strategic partnership with Marylebone Fund Management Group to launch the PreIpo2Ipo fund, which will provide bridge financing to innovative organisations seeking listing on small-cap exchanges or listing platforms in the UK, US, Ireland, Germany and Dubai.
The fund will generally invest via a convertible note which will convert at private valuation rate when the listing occurs giving the fund the uplift in its investment into the now public valuation. The fund will then seek to monetise its investment via the public markets. Fees are 2 and 20,
Effective 17 October, 2011 GSC Group Limited has joined the Black Diamond family of companies and will now operate under the name Black Diamond Capital Management Limited.
Black Diamond’s European office will be headed by Nick Petrusic, who, along with the other London based team members, will oversee its European Mezzanine and European CLO businesses.
"We are excited to have an experienced team with a long track record based in London, and look forward to continuing to grow those businesses as new opportunities present themselves in the European markets", says Steve Deckoff, Managing Principal at Black Diamond.
"We
GAM has launched the GAM Star Cat Bond, a UCITS-compliant fund that aims to deliver stable and very attractive cash plus returns that are not impacted by the volatility and performance of more traditional equity and fixed income instruments.
The fund is the most recent addition to GAM’s growing UCITS range and provides investors with an opportunity to access securitised insurance risk through a regulated vehicle.
The fund is managed by one of the leading names in the insurance-linked securities (ILS) market, Fermat Capital Management, LLC (Fermat), and invests in securitised insurance risks via a portfolio of 40-50 cat bonds.
The signing of Jersey’s Tax Information Exchange Agreement (TIEA) with India is a welcome development in the island’s progress in establishing closer commercial ties with the country, according to Jersey Finance chief executive, Geoff Cook.
“For the last five years or so Jersey Finance has been building its links with India by hosting visits in which we showcase our services and highlight the quality of our regulatory regime, says Cook. “Senior politicians and regulators have joined us on some of our trips to meet formally with Government officials and regulators in India. Earlier this year, Jersey Finance cemented its presence
Fundsmith has become the first UK fund management company to launch a regulated Lux-based SICAV under the new UCITS IV directive.
UK-based Neptune Investment Management, an independent boutique established in 2002 and which currently runs over GBP7billion in assets, has selected SunGard’s APT, a leading risk mana
