Funds
The latest industry report released by EFAMA shows that net inflows for UCITS in February were their highest since August last year.
Luma Solutions Services Limited (Luma), a joint venture between OFI Asset management and Gottex Solutions Services (GSS), which operates the first independent European platform offering managed accounts services for both UCITS III and non-UCITS III onshore funds, has appointed Arnaud Massenet as Chief Executive Officer.
Massenet will lead the development of Luma as it aims to become the leading independent onshore managed account platform in Europe, providing OFI Lux’s funds with a technically advanced platform with transparent pricing, high quality service providers, integrated tax reporting and other unique features.
Before joining Luma, Massenet worked for Gottex Fund Management, where he
ESMA publishes today the final report on the guidelines on risk measurement and the calculation of the global exposure for certain types of structured UCITS (ESMA/2011/112). The report contains the policy approach agreed by ESMA, the cost-benefit analysis, the feedback from the public consultation and the draft guidelines in English to be addressed to competent authorities and UCITS management companies.
The final version of the guidelines (which will be unchanged) will be translated into all the European Union languages and will be available at a later stage on the ESMA website. The guidelines will take effect when this translation process
After two months of gains, albeit only 0.01 per cent in January, the UCITS Alternative Index Global recorded a loss of 0.18 per cent in March to leave it at 0.14 per cent for the year.