Managers
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
Threadneedle plans to launch the UK Absolute Alpha Fund in quarter four, reinforcing its absolute return fund range.
The Ucits III fund will give co-managers Mark Westwood and Chris Kinder increased flexibility in strategy and fund positioning.
Westwood says: “This is an exciting time to leverage our expertise in delivering absolute returns for our clients. With the dislocations of the past few years still fresh in investors’ minds, the opportunity to add value through fundamental and valuation analysis on a long/short basis remain considerable. The Threadneedle UK Absolute Alpha Fund will use the process and techniques that we have
With recent reports and individual commentators suggesting that US pension fund allocations into alternative investment vehicles will rise from their current three pe
This week’s spotlight is on Frankfurt-based Tungsten Capital Management and their market neutral absolute return PRO ART ERV Fund.
US corporate credit manager, Concerto Asset Management, has won a EUR60 million credit alpha absolute return mandate from London-based multi-manager boutique, Goodhart Partners.
Signet, the London and Swiss-based fund of hedge funds management and advisory group, is preparing to launch the Signe
August results show that global hedge funds, using Hedge Fund Research’s HFRX UCITS III-compliant index, made modest gains of +0.17 per cent, bringing them to +0.18 per cent YTD.
Concerto Asset Management, a manager of US corporate credit based in Charlotte, North Carolina, has received a EUR60m credit alpha absolute return mandate from Goodhart Partners, a multi-manager business based in London.
The win takes Concerto Asset Management, an SEC registered investment adviser, to a total AUM of USD140m and also broadens the firm’s product offering.
The mandate will form part of the Ucits III absolute return bond fund run by Goodhart.
Julie Bouhuys, founder and chief executive of Concerto, says: “With government bond yields at such low levels, there is a real need for products, which can replace that
EFAMA released its latest research report this week, in which it finds that long-term UCITS favoured much stronger than shorter-term money market funds for June.
