UK leading fund management group, Jupiter Asset Management, has this week announced the addition of two UCITS sub-funds t

RBC Dexia Investor Services has been selected by Cullen Capital Management, a New York-based investment manager, to provide custody, fund administration, cash management, foreign exchange and transfer agency services for a new Dublin-based Ucits fund. Along with its affiliated entity Schafer Cullen Capital Management, Cullen Capital Management manages approximately USD10.5bn for institutions and high net worth individuals. "We have recently been looking beyond our home market to increase the global marketability of our existing High Dividend strategies using the Ucits format," says Jeff Battaglia, chief financial officer, Cullen Capital Management. "We’ve had good success to date in the US with

Reech Aim Partners, a London-based USD300m investment manager specialising in absolute return strategies, will continue expanding its suite of Ucits III-compliant offerings with the launch of a Ucits long only North American equity fund. It will be managed by the same team as that of its existing US long/short absolute return hedge fund. The fund, called the Magnetic American Growth Fund, a North American equity strategy with an absolute return style, should debut on 1 November with USD20m to USD40m of initial capital, along with institutional commitments. Ariane Daguise, head of business development, says Reech Aim decided to launch an

ML Capital Asset Management says the first manager to launch on the Montlake Ucits platform will be Clareville Capital Partners, the firm founded by David Yarrow. The fund will commence trading on 1 October 2010. Yarrow and Angus Donaldson will co-manage a Ucits compliant derivative of the 13 year old Pegasus Fund, which employs a UK long/short equity strategy. John Lowry, chairman of ML Capital, says: "The Ucits revolution allows investors to access managers who can actively short stocks and hedge a portfolio, however managers with long and successful experience of running equity hedge funds are in short supply. The

Cullen Capital Management, the US based value and income specialist, is entering the UK and European markets by making two of its flagship value equity strategies available to investors as Dublin-domiciled Ucits. The Cullen North American High Dividend Value Equity Fund and Cullen Global High Dividend Value Equity Fund incorporate a value-based investment philosophy. The funds are due to launch on 1 October 2010 and will be available in euro, sterling and dollar denominations to institutional, high net worth and retail investors. Jim Cullen, president, portfolio manager and founder of Cullen Capital Management, says: “The search for income continues across

Swiss global fund manager, GAM, has this week announced the successful launch of an onshore newcits, based on its existing emerging market equity L/S strategy.

A survey commissioned by Hamburg-based hedge fund manager, Aquila Capital, and conducted by Schleus Marktforschung, has f

A report released this week by EFAMA and KPMG’s European Investment Management practice has highlighted a number of tax issues that will prevent UCITS IV from establishing a tru

Leading European prime brokerage, SEB Enskilda, has this week launched SEB Prime Solutions, a one-stop shop for newcits covering all aspects of fund launch and distribution.

London-based hedgie PVE Capital has selected ex-ING trader Marc Garcia to he