Funds
A survey conducted by Schleus Marktforschung on behalf of Hamburg based alternative asset manager Aquila Capital has revealed a stark divide between German institutional investors who are already investing in alternatives as an asset class and those that are not.
Seventy four per cent of respondents who do not already hold alternative investments in their portfolios intend to stay away from the asset class, but 70 per cent of investors who already hold alternative investments are planning additional acquisitions within the year.
According to the survey, 66 per cent of institutional investors who are investing in absolute return funds
An industry research report published by the European Fund and Asset Management Association and KPMG shows there are significant tax complications in the new Ucits IV Directive that prevent the achievement of a harmonised European funds industry.
The report identifies critical tax issues and numerous examples of unequal treatment and inefficiencies across the 27 European Union member states.
The report, entitled Analysis of the tax implications of Ucits IV, recognises that the Ucits IV Directive to be implemented by member states by July 2011 offers considerable scope for re-structuring fund management operations in the EU. The directive introduces six
SEB Enskilda has launched SEB Prime Solutions, a one stop shop offering for alternative investment managers’ Ucits funds.
SEB Prime Solutions facilitates the launch and marketing of these funds.
SEB Prime Solutions is an umbrella Sicav and Newcits platform, offering the necessary legal structure, risk management and administration services for a Ucits fund.
Two funds will be launched via SEB Prime Solutions and a further five are expected to be added by the end of 2010 with an anticipated size in excess of EUR100m.
"We have seen increased demand from our existing and new clients to launch Ucits funds over
ML Capital Asset Management has launched the Montlake Ucits Platform, domiciled in Ireland and regulated by the Irish Financial Regulator.
The platform provides investment managers with a turnkey solution for launching a Ucits fund under its umbrella structure, with time to market typically taking six to eight weeks.
The platform also offers immediate access to a wide range of investors through ML Capital’s distribution network.
Funds placed on the platform by ML Capital will benefit from top tier service providers including Citi for custody, administration and trustee services and KPMG for audit.
The Montlake Ucits platform will be marketed
August saw Ucits hedge funds fail to deliver any scintillating returns, with not a single strategy climbing above one per cent according to the latest figures release
With the AIFM directive giving non-EU fund managers the jitters, Ireland has taken another step forward towards making Dublin the domicile of choice for onshore newci
Malta-headquartered ML Capital has this week launched the Montlake UCITS Platform Plc, a fully independent Dublin-domiciled investm
This week’s fund spotlight is on Unicredit-owned Pioneer Investments and in particular, its commodity newcits: the Pioneer Funds Commodity Alpha A EUR Hedged ND
Threadneedle has this week announced plans to roll out the UK Absolute Alpha Fund, adding to its growing stable of absolute return funds.
After a strong finish at the end of July, the momentum in the Ucits hedge fund universe kept going for the first three weeks in August 2010.
Despite a drop in the last week of the month the Ucits HFS Index was able to return 0.43 per cent in August 2010.
The broad index returned 0.22 per cent, 0.24 per cent and 0.29 per cent in the first three trading weeks of August, respectively, before the last days of the month saw it lose 0.33 per cent.
This loss in week four of August was mainly due to a negative
