Funds
Kenmar Group, a global alternative investment firm headquartered in Rye Brook, New York, has
Societe Generale has launched a Ucits fund solution for fund managers setting up or redomiciling funds under Ucits regulations.
The new service combines the custody, trustee, administration, execution and finance tools required to set up Ucits compliant funds, along with the core services required to operate them.
This new solution has been developed by teams from Societe Generale Securities Services and Societe Generale Corporate & Investment Banking.
It offers access to independent assistance on corporate and operational infrastructure, Societe Generale Securities Services’ custody, trustee and administration services, and synthetic shorting via Societe Generale Corporate & Investment Banking’s Dynamic Portfolio
OFI Asset Management and Gottex Solutions Services intend to enter into a joint venture called Luma Solutions Services, a Luxembourg based platform providing onshore managed account services to Ucits and other European onshore funds with an initial asset base of USD350m (EUR250m).
The formation of the joint venture is subject to approval from the Luxembourg regulatory authorities.
Luma Solutions Services will be the first independent platform offering managed accounts services for both Ucits III and non Ucits III onshore funds to European and international clients.
Managed account and risk management services to Luma Solutions Services will be provided by GSS,
Kevin McConnell, fund manager of Bloxham’s Midas Global Absolute Return Ucits III Fund, has revealed strategies designed to fight liquidity difficulties in the market going forward into 2011.
“Our portfolio can go up to 100 per cent in cash when markets are highly volatile and uncertain,” says McConnell.
“Over 2010 we have seen high positive correlation between stocks making it a very dangerous market-place generally – and one where many long/short equity absolute return funds have struggled.
“We believe this newer strategy will provide consistent absolute returns with lower volatility, as it can identify trends long before other established techniques
The Kenmar Group and the Royal Bank of Scotland have launched what they believe to be the first ever commodity fund of funds in a Ucits III format.
The Market Access III Kenmar Liquid Commodity Index Fund seeks to provide investors with the performance of a diversified portfolio of commodity managers with reduced downside volatility versus typical long-only commodity indices, achieved by the long/short nature of the underlying managers.
Marc Goodman and Ken Shewer, co-chief executive officers and co-chief investment officers of Kenmar, said: “We are delighted to team up with RBS in offering an innovative investment solution for
Merchant Capital, the independent Ucits umbrella provider to the hedge fund industry, has formed a partnership with Altarius Group to provide lines of distribution across Austria and Germany for its stable of Ucits funds.
Merchant already has distribution agreements in place with a number of regional specialists in the UK, Spain, France, Scandinavia, Switzerland and Benelux enabling access to retail and institutional investor communities.
The Merchant platform will be registered for distribution across most European Union member states by the end of this year. This will facilitate Merchant’s distributors in being able to speak directly to investors, for example
Irish authorised UCITS will still be eligible for investment from Chilean pension funds, according to a recent statement released by the Irish Funds Industry Assoc
Cantab Capital Partners, a Cambridge-based systemic global macro hedge fund with assets in excess of USD1billion, is prep
London-based Matrix Group, one of the UK’s leading financial services businesses with around USD5.9billion in AUM, confirmed this week that it had rotated its Matrix Asia UCITS Fund
A new report by London-based KdK Asset Management has found that UCITS funds of funds are struggling to attract assets, i
