Managers
Newedge has been appointment by Aspect Capital as swap counterparty to the Aspect Diversified Trends Fund, a Dublin domiciled UCITs-compliant fund with daily liquidity.
Newedge Group’s UCITS III servicing capability offers comprehensive solutions to fund managers looking to launch regulated products such as UCITS-compliant investment funds. Funds using the Newedge service offering are able to use total return swaps (TRS) to create a synthetic exposure to a financial index, catering specifically for the needs of liquid systematic CTA & Global Macro investment strategies. This is in addition to the extensive synthetic prime brokerage services already offered by Newedge to
Next Generation Absolute Return, the specialised (UCITS) investment management business domiciled in Luxembourg, has received approval from the Luxembourg regulators for four new single-manager UCITS III compliant sub-funds. Additionally, the regulators have approved Next Generation Absolute Return II and its multi-manager UCITS III compliant sub-fund.
“Approval for both SICAV’s and the five sub-funds has long been anticipated and we do appreciate the care and thoroughness of the Luxembourg supervisory authorities”, says Fred Sage, managing partner of Decision Analytics Advisory Partners AG, the founder and operator of the Next Generation Absolute Return business. "The five founding partners of Decision Analytics strongly
The UCITS HFS Index lost 0.71% in the third week of January but is still up 0.03% month to date (by business day 15, January 21st, 2010).
Out of the eleven sub-strategies only Arbitrage was able to add returns to its January performance, although +0.06% will not qualify as remarkable. The biggest losers were Global Macro (-1.05%), Multi Strategy (-0.89%) and L/S Equity (-0.88%). Although having lost -0.23% in the third week of trading, Convertible looks to be the most promising strategy in 2011 with gains of 1.32% in January so far. CTA on the other hand has lost
Industry leading financial software development company SunGard, whose proprietary financial systems process more than five million trades daily, released a white paper this week entitled:
Last year saw Merrill Lynch Investment Solutions (MLIS), BAML’s industry leading UCITS platform, onboard a number of key fund managers, most notably York Capital and Graham C
RWC Partners has brought forward the launch of Peter Allwright and Stuart Frost’s UCITS III RWC Enhanced ARC (Absolute Rate and Currency) Fund from the end of Q1 to February 2011.
Allwright and Frost joined RWC Partners in October 2010 from Threadneedle where they were the joint portfolio managers of the Threadneedle Target Return Fund, Absolute Return Bond Fund and the hedge fund, Macro Crescendo Trading Fund.
RWC Enhanced ARC will be managed to target cash +6% on an annualised basis. The managers have historically managed both unconstrained macro funds and more conservative funds targeting cash +3%. In order to target