Funds
After a slight loss in June the Ucits HFS Index returned a positive result in July 2010.
Although up by only 0.35 per cent, it is a noteworthy result as during the first three weeks of the month the broad index was negative.
After the first week of trading with nearly every strategy in the red the Ucits HFS Index was down by 0.46 per cent. The second week added a positive 0.41 per cent to the overall performance just to lose another 0.19 per cent in the third week of trading.
The last few days of July turned things
Make sure you stay ahead of the game by attending the CISX International Business Summit where you can pose your questions to industry leaders.
Regulatory Reforms Post Financial Crisis
Tajinder Singh, Deputy Secretary General, International Organisation of Securities Commission, (IOSCO)
Diversification and Durable Portfolios Panel Session:
Anthony Hilton – Moderator
Jon Moulton, MD, Better Capital, LLP
Paul Wharton, Chief Investment Strategist, Deutsche Bank
Robert Parker, Senior Advisor, Credit Suisse
Repetition is Reputation
Helena Morrissey, CEO, Newton Investment Management
The Challenge of Change
Michael B Jackson, Corporate Marketing and Business Strategist
Risk Management
Dr James Chu, MD & Chief Investment Officer,
Apex Fund Services, a fund administration business, has opened its Luxembourg office.
Apex will begin providing administration services from Europe’s largest fund domicile.
The Luxembourg office opens with ten Ucits and regulated SIF Sicav funds.
In addition to offering services for all types of public and private Luxembourg funds, the Luxembourg office has also been appointed as fund administrator for three fund platforms. These are:
1. Luxembourg Fund Partners Platform for the re-domiciliation of offshore funds, alternative investment fund manager activities and the set-up of non-Ucits vehicles;
2. Amiri Shariah Equities Platform, a plug and play solution for establishing a Luxembourg Shariah
The Luxembourg government has approved the draft bill implementing Ucits IV into national law.
The final adoption of the draft bill by parliament is expected to take place before the end of this year.
Claude Kremer, chairman of the Association of the Luxembourg Fund industry, says: “The Luxembourg authorities have taken a very proactive approach to the introduction of Ucits IV, including introducing new tax measures to remove uncertainties on the fiscal treatment of new Ucits IV freedoms such as master-feeder structures and the management company passport. The speed of the process and the introduction of these new measures clearly
Ucits IV is on everyone’s lips: depending on whom you talk to.
Despite getting off to a rocky start, the Dublin-domiciled Merrion European Absolute Return Ucits III Fund appears to hav
Since launching in November 2009, Schroders’ Global Alternative Investor Access (GAIA) platform has positioned itself firmly in the Ucits space.
The multi-family office division of Geneva-based financial services partnership, GWM Group, has taken the bold decision to set up its own Ucits III-compliant hedge fund – the 7H Abs
Martin Currie, the active equity manager, intends to launch three Ucits III-compliant absolute alpha funds.
These launches are subject to regulatory approval, with the funds expected to be available to retail and institutional investors from October 2010.
The three strategies to be launched are Japan Absolute Alpha, European Absolute Alpha and Global Resources Absolute Alpha.
All three are based on existing hedge funds and will be managed by the same teams. These will be Luxembourg-domiciled Sicav funds with sterling, euro and dollar share classes. The minimum investment will for each fund will be USD10,000.
Japan Absolute Alpha will be managed
