Managers
DNCA Investments has launched its first onshore OEIC with the DNCA European Select Equity Fund.
DNCA Investments, an affiliate of Natixis Global Asset Management, says the fund will invest a minimum of 80 per cent of assets in European (excluding UK) equities and employs a value investment approach, seeking stocks that are undervalued yet demonstrate sustainable profitability and growth.
The DNCA European Select Equity Fund will be run by two portfolio managers. Both based in Paris, lead manager Isaac Chebar (pictured), and co-manager Don Fitzgerald have combined investment experience of more than 40 years.
Chebar and Fitzgerald
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
MV Index Solutions (MVIS) has launched the MVIS All World Long/Short Equity Index.
The index captures the systematic returns (beta) of long/short equity hedge funds that invest both regionally and globally.
It analyses the regional MVIS Long/Short Equity Indices (MVLSDA, MVLSEM, MVLSGL, MVLSNA and MVLSWE) to identify the factors driving their returns. It then applies a patented methodology that constructs a low volatility portfolio of ETFs corresponding to the factors with the most positive momentum.
The new index complements the suite of MVIS Long/Short Equity indices that cover global and selected regional markets.
“By investing in
April 2017 was an exceptional month for the alternative UCITS market in terms of capital inflow, according to the latest LuxHedge Alternative UCITS Overview report.
Total assets under management grew by EUR15 billion (+3.5 per cent), which represents the second largest absolute value growth ever recorded at LuxHedge.
Investors most notably increased their exposures towards fixed income arbitrage (+EUR7.2 billion), multi strategy (+EUR5.4 billion) and global macro funds (+EUR1.4 billion).
LuxHedge writes: “During the month of April, we added 20 new alternative UCITS funds to our database and liquidated 15. In line with the trend of the past
Global Prime Partners has relocated to larger offices to accommodate growing business lines, rebranded as GPP and launched a new website.
To date, 2017 has been all about growth and evolution at GPP. Demand for its core services – prime brokerage and clearing and custody – has been strong with the number of clients up 14 per cent year-on-year.
In February the firm launched a structured products business and is set to launch new wealth solutions and multi-asset execution business lines in the second half of 2017.
With this expansion came the need to relocate to larger offices
ACA Compliance Group is expanding its GIPS verification and performance practice, ACA Performance Services, with the acquisition of Ashland Partners’ GIPS verification and performance practice.
The transaction is expected to close in June 2017. The financial terms of the transaction have not been disclosed.
Headquartered in Jacksonville, Oregon, Ashland Partners was founded in 1992 and offers GIPS verifications and performance services, as well as traditional accounting services such as audit/tax, SOC 1, custody exams, QPAM audits, and Agreed-Upon Procedures to the investment management industry.
Over 40 employees from Ashland Partners will join ACA through this transaction. The new
Candriam Investors Group has launched a new digital long short equity strategy, designed to invest in companies benefiting from the digital evolution of the economy by tapping into the growth potential of innovative companies and shorting disrupted companies.
This Digital Long Short strategy is the latest addition to Candriam’s thematic strategies which already include specialist strategies in demography, biotechnology and robotics. Thematic strategies allow investors to capitalise on long-term socio-economic trends.
The investment mandate enables the team to invest in digital champions over the long term, but also short companies which rely on legacy technology and have a negative
PineBridge Investments, a global multi-asset class asset manager, has launched the PineBridge European Secured Credit Fund, co-managed by portfolio managers Julie Bothamley and Evangeline Lim and global head of credit and fixed income Steven Oh.
The investment objective of the fund is to provide investors with income returns and capital preservation from a diversified portfolio of European sub-investment grade debt obligations issued by corporations in various industries and geographical regions.
The fund will seek to achieve these returns from investing in primarily senior secured obligations.
“Senior secured debt, particularly, bank loans, carry a higher recovery rate and rank
A strategic data agreement between Thomson Reuters and S&P Global is aiming to deliver the industry’s most comprehensive transcript data service to financial services professionals.
Under the agreement, S&P Global Market Intelligence (a division of S&P Global) will become a major provider of transcript coverage on both public and private companies including complete coverage of companies in the S&P 500 and other leading stock market indices to users of Thomson Reuters desktops platforms including Eikon, Thomson One and Thomson Reuters feeds.
S&P Global Market Intelligence is a provider of multi asset class research and data, and Thomson Reuters Financial
Apex Fund Services has agreed a recapitalisation deal with middle-market private equity firm Genstar Capital and is also to acquire Equinoxe Alternative Investment Services.
Headquartered in Bermuda, Apex was founded in 2003 by Peter Hughes (pictured) and today provides back office, middle office, regulatory reporting and other administrative services to a global customer base of asset managers across all asset classes.
With the addition of Equinoxe, Apex will increase its suite of middle office solutions and will administer close to USD80 billion in assets.
With enhanced capabilities, global reach and capital support from Genstar, Apex has a goal
