Funds
The Ucits HFS Index was positive in the third week of December, adding an additional 0.34 per cent to its monthly performance.
All of the 11 strategies were positive, although for four strategies the gains were not enough to turn their negative December performance around.
The strategies with the best weekly performance were fixed income (+0.61 per cent), currency (+0.59 per cent) and multi strategy (+0.46 per cent).
From a year to date perspective the broad Ucits HFS Index now stands at +4.89 per cent.
UBS and Hedge Fund Research have launched the UBS ETFs plc – HFRX Global Hedge Fund Index SF, the first exchange-traded fund built on the investable benchmark of hedge fund performance.
The ETF was listed on the Deutsche Boerse Exchange on 3 December 2010.
The “SF-I” share class is targeting qualified investors.
UBS and HFR anticipate additional listings in coming weeks.
The ETF is Ucits III compliant.
"We are delighted to bring the UBS plc ETF-HFRX Global Hedge Fund Index to the market. This is a unique opportunity for investors to access the world-leading hedge fund benchmark in a liquid,
Sloane Robinson and Deutsche Bank are working together with the aim of launching a Ucits compliant Asia fund that will be managed by the same investment team responsible for Sloane Robinson’s flagship Asia offering.
Pending regulatory approval, the planned fund will be issued on Deutsche Bank’s DB Platinum platform, which already hosts a number of absolute return focused managers.
Sloane Robinson was established in London in 1993 with the objective of managing the assets of its clients and principals from an absolute return perspective. Today, it employs 68 people based in London managing USD7.8bn of assets across a variety of
Geneva-based Palaedino Asset Management, the fund manager arm of the Palaedino Group and advisor to the Axiom Fund, this week announced that it would be
Alpha Ucits, a London-based independent UCITS distribution platform established by ex-Brevan Howard’s Stephane Diederich in October 2009, has won its first UCITS structuring man
Geneva based Palaedino Asset Management, adviser to the Axiom Fund, has launched the first Ucits Funds denominated in gold.
Investors who choose the gold share class will have an exposure to the fund’s investments and to gold fluctuations.
This will allow investors to participate in the performance of the funds and gold while being isolated from fluctuations in conventional currencies such as euros, US dollars and sterling.
The new gold share classes will be available to the full range of Axiom products which includes: Global Equities, Global Fixed Incomes, Global Diversified and the newly launched Ucits Alternative Investable Index