Funds
Fusion Asset Management, the London-based investment manager, has launched a Ucits fund via SEB Prime Solutions.
This is the third launch on SEB’s Ucits platform since its inception three months ago.
The SEB Prime Solutions-Fusion Libor+ 800 Currency Ucits Fund is a cash management-style product, targeting returns of 800 basis points over Libor. It is a carry strategy with daily liquidity, trading spot G10 currencies only.
Fusion has been running the underlying strategy for two years in its Cayman fund and on a managed account basis.
Kirill Ilinski, founder and chief investment officer at Fusion Asset Management, says: “This fund
The Ucits HFS Index lost 0.06 per cent in the second week of trading in December and is up 0.11 per cent month to date.
Although seven sub-strategies were negative in the second week of trading, only multi strategy (-0.39 per cent), currency (-0.27 per cent) and market neutral (-0.21 per cent) lost more than a fraction.
The three best performing strategies in the second week of trading were convertible (+0.44 per cent), event driven (+0.28 per cent) and global macro (+0.22 per cent).
Convertible is maintaining its position as the top performer in December, up 1.46 per cent month
Strong capital inflows and a return of investor risk tolerance contributed to an increase in new hedge fund launches in the third quarter of 2010, while investors continued to exhibit a clear preference for transparency, liquidity and Ucits III compliance in their allocations.
This is according to data released by Hedge Fund Research, a provider of hedge fund industry data.
New hedge funds launches increased to 260 in 3Q 2010, up from 201 launches in the prior quarter. For the trailing 12 month period, 945 funds have launched, the highest 12 month total since the period ending 2Q 08.
Hedge
Deutsche Bank and Paulson have launched a Ucits compliant version of Paulson’s flagship Advantage fund.
The Ucits fund, called the DB Platinum IV Paulson Global Fund, has been launched on Deutsche Bank’s Platinum platform.
The fund is linked to the performance of a synthetic managed basket, the components of which are selected by Paulson in accordance with an adapted version of its Advantage strategy, modified to comply with Ucits regulations.
The basket follows the core strategy of event arbitrage including event situations such as mergers, distressed and special situations on the long and/or short sides and through both debt and
Northern Trust is assisting fund managers with the generation and maintenance of Key Investor Information Documents.
This latest automated offering supports Northern Trust’s fund manager clients who under Ucits IV will be required to provide KIID for every Ucits product sold within European Union member states.
“Ucits IV will affect fund managers across the globe, and this latest service is in line with our focus on delivering solutions to help support our clients as they navigate the new regulatory landscape,” says Karen Hamilton, head of fund administration product development for Europe Middle East and Africa at Northern Trust. “Some
Figures for November released by UCITS Alternative Index show that its Alternative Index Global was down 0.21 per cent to leave it at +0.78 per c
A research report written by State Street Hong Kong entitled Vision Focus: Asian Funds Passport to Growth, has attempted to address Asia’s underdeveloped funds market.
Addressing an audience and panel of experts via video at Citywire’s recent Berlin fund forum, EFAMA Chairman Jean-Baptiste de Franssu warned that with ne
Paris-based asset manager, TOBAM, established in 2006 by Yves Choueifaty and other colleagues, has launched a new strategy based on its flagship Anti-Be
Paris-headquartered CACEIS, the asset servicing arm of Credit Agricole with EUR2.3trillion in assets under custody and France’s leading fund administrato
