Funds
Pennsylvania-based growth specialist Turner Investments is to introduce two Ucits funds into Europe reported Citywire Global this week.
Emerging Markets UCITS were the big winners in October as some semblance of confidence returned to the markets, gaining
Skandia Investment Group is offering UK retail investors the ability to complement their investments in bonds and equities – by launching the Skandia Global Futures Fund.
The new fund invests in the USD290bn managed futures industry – an industry which has its roots in the mid nineteenth century US farming industry but which has grown rapidly since the 1970’s with the introduction of new futures contracts covering a broad range of commodity and financial assets.
The new Skandia fund is UCITS compliant and is designed to offer investors an alternative investment strategy which is generally uncorrelated to traditional equity
BNY Mellon has been appointed by Oddo Asset Management (Oddo AM) to provide fund administration and custody services for its new hedge fund, Orsay Merger Arbitrage.
Oddo AM, the asset management branch of French financial services group Oddo & Cie, launched the merger arbitrage fund in June 2011 with EUR100 million seed capital, following its acquisition of Banque D’Orsay in October 2010.
Pierre Baudard (pictured), Chief Operating Officer of Oddo Asset Management, says: “Orsay Merger Arbitrage is the flagship product of our new alternatives business and BNY Mellon’s combined expertise in fund administration and custody will be a
Fund and fiduciary services specialist, Abacus, has acquired Isle of Man-based fund administrators, Portal Fund Administration Limited.
The acquisition, which is a key part of Abacus’ ongoing development strategy, further reinforces Abacus’ position as one of the largest service providers in the Isle of Man.
Managing Director of Abacus Financial Services Limited, Paul Kneen (pictured), says: “Despite a turbulent economic backdrop, during the last eighteen months we have continued to pursue our growth plans. We have successfully established a new European office in Malta; we have built upon the strength of our existing resources with a number of key senior
London-based RWC Partners is converting its UK Pilgrim hedge fund into a UCITS structure in order to compete with the likes of BlackRock’s UK Absolute Alpha fund in the retail space re
Edinburgh-based Nettle Capital Management LLP has become one of the first managers to receive FSA authorisation for a UCITS IV fund.
In its latest quarterly UCITS survey, ML Capital reported that investors very much favour CTAs and Global Macro strategies.
A new addition to HSBC Global Asset Management’s Lux-based Global Investment Funds SICAV was announced this week.
Opus Fund Services, an independent fund administrator, has acquired the hedge fund administration unit of Agile Hedge Solutions, LLC based in San Francisco. Opus, based in Bermuda and with offices in Chicago and San Francisco, expects the transaction will immediately strengthen its west coast presence.
Robin Bedford, CEO of Opus Fund Services, says: "This acquisition is the result of many months of hard work by both parties. We are excited to have the opportunity to work with the Agile client base as they become part of the award winning Opus platform."
Prior to today’s announcement, Agile Hedge Solutions, LLC provided
