Managers
Assets under management of Luxembourg domiciled funds reached EUR3,006.76 billion at the end of September 2014.
This represents a 14.97 per cent increase since the beginning of this year and is mainly due to net sales.
Marc Saluzzi, chairman of the Association of the Luxembourg Funds Industry (ALFI), says: “Assets under management have steadily increased since September 2013, and whilst with volatile markets assets under management actually may drop, it is encouraging both that investors have confidence in investment funds generally and that fund promoters continue to choose Luxembourg as a domicile.
“Luxembourg remains the most prominent international
Lombard Odier Investment Managers (LOIM) has built a long/short strategy across asset classes aimed at improving risk-adjusted returns with a low correlation to traditional investments.
LO Funds – Alternative Risk Premia, a long/short fund, is designed to help in today’s environment of declining markets and uncertain prospects, where investors find the search for returns increasingly hard. Investors also need liquidity and cost-efficiency from their portfolios and know that exposure to traditional asset classes may correlate just when they need to be diversified.
By applying an Alternative Risk Premia approach with the ability to go systematically long and short, LOIM
Goldman Sachs, Bank of America Merrill Lynch and Morgan Stanley have maintained their positions as the leading brokers of flow equity derivatives to North American institutional investors.
In Europe, where the flow equity derivatives field is more crowded, Deutsche Bank, Morgan Stanley and JP Morgan have established strong platforms across products.
Winning trading relationships with institutions in options, swaps, futures, ETFs, and other flow equity derivatives is critical to broker-dealer success. Investors use far fewer brokers in these products than in cash equities or fixed income. Institutions typically use only six or seven counterparties for equity derivatives trades and broker-dealer
Hong Kong Exchanges and Clearing (HKEx) and China Merchants Group (CMG) have signed a memorandum of understanding (MOU) for a strategic alliance in product development and related services.
The signing ceremony was held in London in the presence of HKEx co-head of global markets Romnesh Lamba; LME chairman Sir Brian Bender; Dr Yu Liming, executive vice president of CMG; Charles Feng, general manager of the business development department of CMG; CMS chairman Gong Shaolin; and CMS CEO Wang Yan. Other senior representatives from HKEx Group and CMG companies also participated in the ceremony.
“This MOU is an important step
Carey Olsen's financial and corporate and investment funds work in the Channel Islands, the Cayman Islands and the British Virgin Islands has been recognised in the 2015 International Financial Law Review 1000 (IFLR1000) guide.
The new results come just after the firm gained tier 1 rankings across all of its Channel Island practice areas in The UK Legal 500.
The IFLR1000 is a guide to the world’s leading financial law firms and is based on independent research which includes interviews with the featured firms, client and competitor feedback and market analysis from the past 12 months.
For the
Gottex Fund Management is on track to launch its first UCITS RQFII China product during the first quarter of 2015, according to the group’s latest trading statement for the quarter ended 30 September 2014.
The product will invest in onshore China A-shares and be managed by the Gottex-VStone office in Shanghai. The company also expects to launch liquid alternatives risk premia products and investment solutions during the next six months.
Gottex launched an Asian hedge fund seeding fund in August with USD310 million of committed capital by the group’s partner HS Group in Hong Kong.
Client assets at
Andy Brunner, investment strategist at Morningstar OBSR, says US equities area facing a number of challenges…
The US is leading a modest rebound in the global economy which most commentators expect to continue through next year. Despite this, a period of higher volatility seems likely as US equities face a number of challenges, not least being they are fairly fully valued, and have avoided a correction for several years.
Another key challenge now facing the US equity market is the end of QE, with investors rightly concerned about the Fed’s campaign to normalise interest rates and the consequent impact on
International investors can now access Franklin Templeton’s first multi-manager, multi-strategy Luxembourg-registered SICAV fund focused on alternative investment strategies.
The Franklin K2 Alternative Strategies Fund SICAV, which was soft-launched a month ago, will follow the same strategy as the US-registered Franklin K2 Alternative Strategies Funds.
Building upon Franklin Templeton’s acquisition of hedge fund solutions provider K2 Advisors in 2012, the fund provides access to a diversified portfolio of alternative investment strategies managed by institutional-quality hedge fund managers. It seeks to provide investors with lower correlations to traditional asset classes, reduced portfolio volatility and attractive risk-adjusted returns, while offering daily liquidity.
Hang Seng Indexes Company and Markit have launched the Hang Seng Markit iBoxx Offshore RMB Bond Index family (HSM iBoxx).
The bond index series will track the performance of offshore renminbi (RMB) sovereign and corporate debt using an enhanced methodology for the treatment of unrated bonds alongside comprehensive breakdowns by bond tenor and rating.
The HSM iBoxx is built on the iBoxx principles of transparency, independence, open access and multi-sourced pricing. The methodology reflects specific characteristics of the offshore RMB bond market based on feedback from more than 15 asset managers and banks. Key features of the index family
Hong Kong-based asset manager Value Partners announced this week that it was launching its first Renminbi Qualified Foreign Institutional Investor (RQFII) product – Value Partners China A-Share Select Fund.
Authorised by Hong Kong’s Securities and Futures Commission for public offering, the fund, which launched on 16 October, offers investors a direct and broad exposure to the Mainland’s stock market.
Value Partners was granted its first batch of RQFII quota of RMB800 million in October 2013, which will be applied to the fund. In April 2014, it obtained a new round of quota of RMB500 million.
With the upcoming
