Funds
Paris-based investment manager, Bernheim Dreyfus, ventured into the Newcits space last week by launching a UCITS III-compliant fund that will focus on mergers and acquisitions.
Merchant Capital Limited, the financial services division of Merchant House Group plc, is set to launch five new funds on its Dublin-domiciled, UCITS III umbrella structure.
Five investment managers from around the world, all specialising in alternative investing, have chosen the Merchant Funds’ platform to launch their first UCITS III-compliant funds. The new funds, which are due to launch before 1 September 2011, will each have between USD25m to USD100m of assets under management. The funds will cover a variety of strategies from a US-based Exchange Traded Fund to a Russian Equity Long/Short fund.
The Merchant Funds’ UCITS platform
Skandia Investment Group (SIG)’s flagship multi-asset fund, Skandia Diversified and its Skandia Alternative Investments Fund, have invested in the Aviva Investors Index Opportunities High Alpha Fund.
The investment into the Aviva Investors Index Opportunities High Alpha fund sees SIG’s GBP2.1bn* suite of multi-asset and alternative funds, further diversifying the investment strategies utilised within their alternative allocations. The investment was funded primarily from the cash which resulted as the multi-asset funds took significant profits from their overweight positions in equities.
The Aviva Investors Index Opportunities High Alpha Fund, run by Iyad Farah and Ned Kelly, is an index arbitrage fund
A survey report released today by RBC Dexia and KPMG predicts that hedge fund managers will continue to create EU-domiciled hedge funds to complement their Cayman Islands or other offshore offerings, but that the QIFs and SIFs were gaining popularity versus the UCITS framework.


The survey challenges the notion that onshore domiciles could rival the supremacy of the Cayman Islands amongst hedge fund managers. Only a quarter (24%) of hedge fund managers said that they had already brought offshore funds onshore. Of those, more than half (55%) said they opted for co-domiciliation by creating onshore clone funds to complement their
Barclays Wealth Investment Management has decided to launch a US equity multi-manager UCITS fund reported Citywire Global this week.
GAM’s Frontier Opportunities fund, managed by Sean Taylor, has closed with investor capital transferred to a new UCITS fund that can use both long and short po
AllianceBernstein has taken a big step forward by launching a UCITS fund that invests in RMB bonds issued outside of China, and other Asian bonds excluding Japan.
Sarasin & Partners has rolled out an ethical fund to join the firm’s EquiSar OEIC fund suite – the EquiSar Socially Responsible fund – w
London-based Merchant Capital, the asset management division of Merchant House Group Plc, has announced this week an ongoing advisory relationship with <
GLG Partners, now a subsidiary of Man Group Plc, announced this week it had launched a new UCITS III-complian
