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According to research by RBC Dexia Investor Services, several European markets missed the deadline to implement the 1July UCITS IV Directive.

JP Morgan Asset Management has decided to launch a Japan Market Neutral (UCITS) Fund, based on the Nippon Neutral Strategy,

PerTrac has launched new releases of its analytics solutions, PerTrac Analytics 7.2 and PowerLink 1.2. The powerful, new versions handle all data frequency types including daily data for investment analysis, strategy comparison and fund benchmarking. 

In response to investors’ increased need to balance risk and liquidity, the investment industry, including alternatives, has been moving to funds that provide daily NAVs. This requires high frequency analysis to access value and liquidity. 

“Investors and funds need to be able to analyse daily and weekly data quickly and comprehensively,” says Brendan Dolan (pictured), Co-President of PerTrac. “Our new release handles daily data and

Pioneer Investments is incorporating its UCITS III structure Pioneer Absolute Return Equity (PARE) into the mainstream Luxembourg Pioneer Funds Umbrella. Investors in the new fund, Pioneer Funds – Absolute Return European Equity should benefit from: greater transparency – the change in portfolio structuring allows the implementation of a Long/Short equity fundamental approach using derivative instruments to provide both long and short exposure at single position level in a UCITS vehicle; increased liquidity – fhe fund will now offer daily NAV which will improve the liquidity profile in terms of subscriptions and redemptions; and reduced fees – performance will not be

ML Capital has announced that it will be launching its third new fund in as many months, the Skyline UCITS Fund, on the MontLake UCITS Platform. Subject to regulatory approval, the Skyline UCITS Fund will commence trading on August 1, 2011. The fund will operate a global long/short mandate with a particular focus on emerging markets. ML Capital expects this launch to be the largest to date on the MontLake UCITS platform, with in excess of USD25 million already committed by early stage investors. The fund will be managed by Skyline Capital Management LLP, which boasts an award winning team

BNP Paribas Securities Services (BNP Paribas) has launched the first UCITS IV-compliant, master-feeder fund solution. Designed to help asset managers reach more end investors and achieve efficiencies, the solution also introduces the concept of a cost-free feeder – a new paradigm in fund distribution. 

 Commenting on the launch, Margaret Harwood-Jones, Head of client segments – asset managers & alternative investments, BNP Paribas Securities Services, says: “With UCITS IV imminent, we’re delighted to be first to market with this solution for master-feeder funds. Supporting any combination of masters and feeders, we offer an end-to-end service accessible from most of Europe.” 

Uniquely,

The CIO of Man Group’s Multi-Manager division, Luke Ellis (pictured), is to head up a new UCITS fund launched this week.

Claude Kremer, former Chairman of the Association of Luxembourg Fund Industry (ALFI) was this week elected President

After first reporting at the end of last year that Deutsche Bank was working with London-based Sloane Robinson to launch a UCITS version of the