Managers
Catella is to launch a fixed income fund, the Catella Credit Opportunity Fund, which is designed to provide managers with a more flexible approach to generating adequate risk-adjusted returns.
"Record-low interest rates create an especially challenging environment for investors. Many traditional fixed income funds have overly narrow mandates and therefore less opportunity to generate returns in a low interest rate environment, and they may even provide negative returns if interest rates rise," says Magnus Nilsson, one of the fund's managers.
The new fund has a greater toolbox with its broad mandate, in order to better adapt to different market
The CBOE Futures Exchange (CFE) is to launch futures trading on the CBOE/CBOT 10-year US Treasury Note Volatility Index on 13 November.
Futures on the VXTYN Index offer customers a way to hedge pure interest rate volatility risk based on US government debt with a single product for the first time. The VXTYN Index, on which futures on VXTYN are based, is calculated by applying the CBOE Volatility Index (VIX Index) methodology to futures options data from CME Group's 10-year US Treasury note contract – one of CME Group's most actively traded interest rate options products.
"The market for
Common Sense Investment Management has launched a new business line, Liquid Strategies, to complement the firm’s existing hedge fund business.
Led by a team of industry veterans, Liquid Strategies will invest in managed futures managers using a combination of non-finance techniques and patented risk management processes. Ted Gutierrez and Mel Meinhardt have been appointed to guide Liquid Strategies as co-chief investment officers.
Gutierrez will be primarily responsible for the investment process. Formerly a managing director and management committee member at Credit Suisse First Boston, Gutierrez was involved in investment and operational innovations during some of the European markets' historically
V2 Capital, a Securities and Exchange Commission-registered investment advisor, has launch the V2 Hedged Equity Fund, an open-ended single manager mutual fund using the V2 Hedged Equity Strategy.
The fund began trading on 31 October 2014 with assets previously invested in V2’s Hedged Equity Strategy Limited Partnership Structure. The launch of the V2 Hedged Equity Fund with USD240 million in assets makes it the largest hedged equity mutual fund launch of the year.
Victor Viner, founder and chief investment officer of V2 Capital, says: “As hedge funds and mutual funds continue to converge, we are excited to be at
Source this week announced the listing of the Source EURO STOXX Optimised Banks UCITS ETF on the London Stock Exchange. The fund provides exposure to banks within the Eurozone and is optimised to reduce exposure to illiquid stocks.
Michael John Lytle, Chief Development Officer, said that the results of the European Central Bank’s Asset Quality Review have shed light on the health of the region’s banks as well as the broader European economy. “For investors who want to increase their exposure to Eurozone banks, this ETF provides the opportunity to gain access quickly and efficiently. It is the second banking
SunAmerica Asset Management has launched the SunAmerica Flexible Credit Fund, sub-advised by Newfleet Asset Management.
The fund invests in two specialised fixed income asset classes: floating rate loans and high-yield bonds.
These asset classes, often referred to as leveraged finance, offer the potential for attractive income and total return while also helping to protect against interest rate risk.
“We’re really excited to partner with David Albrycht from 20-time Lipper award winner Newfleet Asset Management,” says Mike Treske, executive vice president and chief distribution officer at SunAmerica. “Floating rate loans and high-yield bonds have been among the best-performing fixed
Carne Group has received authorisation for an independent AIFMD-compliant management company in the Channel Islands.
The new management company has become immediately operational with Carne Group’s fund clients. It is particularly suitable for alternative fund managers, including credit, hedge fund, private equity, infrastructure and real estate investment firms.
Carne has received authorisation as a fund services business from the Jersey regulator, the Jersey Financial Services Commission (JFSC).
Carne already has over 20 clients making use of its AIFMD management company solutions in Ireland and Luxembourg. The Jersey management company is the first to be approved outside the European
Privium Fund Management has launched a new fund structure for emerging fund managers in Europe, the Privium Investment Fund.
The fund structure allows portfolio managers to develop a track record and generate performance within an institutional fund infrastructure.
Similarly to developments in the US, the number of emerging managers with alternative funds is growing rapidly in Europe. New investment themes and specialised skills provide tailored solutions for different investors. The evolution of alternative funds together with new regulations has made this asset class an interesting area for professional investors.
The Privium Investment Fund’s structure allows managers to focus
Institutional alternative investment manager Crestline Investors has partnered with Denali Capital, a syndicated commercial loan asset management firm, to further expand a collateralised loan obligation (CLO) platform.
The business will operate under the name Crestline Denali Capital.
Denali Capital has had a relationship with the principals of Crestline since it began operating in 2001. The new alliance adds a well-established CLO manager to the Crestline family of product offerings and uses Denali Capital's expertise in sourcing and managing syndicated senior loans and related assets for the purpose of structuring and managing high-quality CLOs and other funds.
Under the
Schroders’ Emerging Markets Economist, Craig Botham, comments on the results of the recent Brazilian election…
Brazil disappointed investors by returning incumbent Dilma Rousseff to the presidential office in Sunday’s vote. Hopes for reform to address Brazil’s structural economic problems have been dimmed, if not dashed.
A marked change of course in policy seems unlikely under Dilma. Though the president has claimed she will address macroeconomic concerns, we have heard these promises before without seeing matching policy action.
The more likely outcome, in our view, is that Dilma changes course only under extreme market duress. Policy may improve slightly at the
