SEB Enskilda, one of Northern Europe’s leading financial groups and the largest broker on the Stockholm and Oslo stock exchanges, announced this week that SAM Capital Partners w

GLG Partners, recently acquired and now a wholly owned subsidiary of London-based Man Group, declared this week that they would be closing subscriptions to the GLG Alpha Select (UC

Lutetia Capital, a Paris-headquartered independent asset manager, celebrated the birthday of its Lutetia Patrimoine Fu

The latest quarterly statistical release by EFAMA for Q3 found that UCITS enjoyed a healthy positive inflow of EUR46billion, in marked contrast to Q2, which saw net outflows total EUR

GLG, a wholly owned subsidiary of Man Group, is to close the GLG Alpha Select (Ucits III) Fund to new investment on 10 December 2010 after reaching its asset target of USD550m. Launched on 19 February 2010, the long/short fund, which replicates GLG’s UK equity market neutral strategy, initially closed to new investment in May after attracting over USD300m of assets. To meet ongoing demand GLG created an additional USD250m of capacity on 20 September, which is very close to being filled. Once the fund is closed, retail investors can still gain exposure to the UK equity team, headed by

Palaedino Asset Management, adviser to the Axiom Fund, and Alix Capital, provider of the Ucits Alternative Index, have launched the first investable Ucits alternative index. The Axiom Ucits Alternative Investable Index Fund is a Ucits III Sicav registered with the CSSF in Luxemburg offering weekly liquidity. The new fund aims to replicate the Ucits Alternative Blue Chip Index. The objective of this index is to provide a fair, reliable and unbiased representation of the Ucits absolute return performance. The index consists of a sample of the 50 top equally weighted Ucits hedge funds. The Blue Chip Index is rebalanced quarterly.

The Lutetia Patrimoine Fund, a Paris-based Ucits absolute return fund specialising in merger arbitrage, celebrated its first birthday last week with a 26-fold increase in assets under management. The Lutetia Patrimoine Fund, a Paris-based Ucits absolute return fund specialising in merger arbitrage, celebrated its first birthday last week with a 26-fold increase in assets under management. The first offering from independent asset manager Lutetia Capital, the weekly-dealing Patrimoine Fund launched with USD3m on 27 November 2010. Since then assets have steadily increased to approximately USD80m.   Lutetia Capital co-founder Fabrice Seiman says: “We launched the Lutetia Patrimoine Fund with the

London-based Trafalgar Capital Management, an alternative asset manager established in 2001, announced this week it was m