Funds
The IMA this week responded to ESMA’s paper on guidelines for UCITS ETFs and Structured UCITS, in which they propose applying greater regulation, by quest
JP Morgan Asset Management this week rolled out an Emerging Markets Multi-Asset fund to invest primarily in debt and equity instruments
Schroders has made its head of institutional business, Miles O’Connor, the new CEO of NewFinance Capital, the firm’s USD4.5billion hedge fund division, reported Financial
Two Guernsey firms are merging to create the largest independent fund administration business in the island. In the 50:50 deal, described as a merger of equals, Anson Fund Managers Limited and Bordeaux Services (Guernsey) Limited will join forces and trade under the Anson name.
Peter Radford of Bordeaux, who will be Chief Executive Officer of the merged entity, believes that the move will provide critical mass and, importantly, enable the business to remain independent. Anson principal John Le Prevost (pictured above right with Radford) will become a Senior Director and Professor Richard Conder will become the new chairman of Anson
The fourth fund on Matrix’s UCITS platform was launched this week: the Cantab Quantitative UCITS Fund, a systematic global macro fund.
London-based LNG Capital is preparing to launch a UCITS-compliant version of its flagship LNG Europa Credit Fund reported HFMWeek this week.
Old Mutual Asset Managers is preparing to launch a new UCITS fund for manager Simon Murphy in the fourth quarter this year, subject to regulatory approval.
Fund information provider Morningstar has dropped its use of ‘Absolute Return’ to classify UCITS funds available in Europe and Asia and replaced it with 18 new classifications re
Fitch Ratings said in a recent report that uncertain market liquidity or the inability to fully deploy leverage may make some credit hedge fund-like strategies less than compatible with a UCITS structure. The agency says many credit hedge fund strategies are now largely available in a UCITS format (commonly referred to as NewCits).
Fitch estimates that the total assets under management (AuM) of European credit UCITS funds, which have an absolute return objective and employ hedge fund strategies, is approximately EUR20bn.
The attractiveness of promised de-correlated credit returns and the safety of a regulated format have driven the growth
Aquila Capital has launched a new, UCITS compliant CTA fund to the UK market. The AC Spectrum Fund is a liquid futures fund and is one of the first of its kind to offer daily rather than weekly liquidity.
The new fund is a fully systematic trend follower that targets a return of 18% to 20% per year with 15% volatility. The AC Spectrum Fund has shown strong performance in 2011. In the month of August the fund returned 9.88%, with a return of 9.44% since inception¹.
The fund exploits a number of proprietary, rule based strategies that have
