Managers
Alceda Fund Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the Luxemburgish Commission de Surveillance du Secteur Financier (CSSF).
The licence will enable Alceda to work with initiators of Alternative Investment Funds (AIFs) covering both traditional open-end equity and bond funds as well as closed-end real asset funds.
In March 2014, Alceda Asset Management GmbH had been granted a licence to act as AIFM by the German Federal Financial Supervisory Authority (BaFin).
Alceda manages and handles the administration of the funds issued by the Aquila Group and acts as AIFM and
BATS Chi-X Europe and BX Swiss have entered into a partnership agreement designed to bring greater competition and enhanced market efficiencies to the Swiss equities market.
The partnership comprises two key elements:
· Cross-listings for ETFs: Under FINMA regulations, ETF issuers wishing to market to Swiss investors must list their funds on a Swiss exchange. By operating a cross-listing partnership, BATS and BX will streamline the process, making it quicker and cheaper to list pan-European ETFs.
· Trade reporting: BX has approved BATS’ registration as a Swiss Trade Data Monitor (TDM). As a result, non-Swiss domiciled firms will now have
Some of the largest hedge fund managers such as BlueBay Asset Management LLP, Marshall Wace LLP and Brevan Howard are piling in to the liquid alternative fund space as demand shows no sign of abating reported Bloomberg this week.
A survey by Deutsche Bank AG, which canvassed opinion from 86 hedge fund managers overseeing USD6tn in assets, found that 42 per cent currently offer liquid alternative products; up from 27 per cent last year.
A quarter of managers said that they planned on launching at least one alternative UCITS product over the next 12 months. To underscore just how
Gottex Fund Management has reported strong performance from its core products in the six month period ended 30 June 2014.
The firm’s bond substitution product, the alternative credit product, returned +4.9 per cent; its portable alpha multi index product +11.8 per cent; market neutral products +3.0 per cent; and multi-asset products +4.9 per cent.
The EIM transaction will complete this month, with operational cost synergies now estimated to reach USD15 million per annum and to be fully in place by Q2 2015.
Gottex’s operational loss before acquisition related charges of USD5.7 million (compared to a loss of USD1.4
BGC Partners intends to commence a tender offer to acquire all of the outstanding shares of GFI Group for USD5.25 per share in cash in a transaction valued at approximately USD675 million.
BGC currently owns approximately 13.5 per cent of GFI Group's common stock.
BGC'S offer of USD5.25 per share in cash represents more than a 15 per cent premium to the USD4.55 per share all-stock transaction announced by CME Group and GFI Group on 30 July 2014 and more than a 68 per cent premium to the price of GFI Group shares on 29 July, the last day
The percentage of participating investors allocating liquid alternative investments rose from 28 per cent to 51 per cent year-on-year, according to a study by Deutsche Bank.
The study – From Alternatives to Mainstream (Part Two) – saw almost three quarters of alternative UCITS investors and nearly two thirds of investors into alternative ‘40 Act mutual funds planning to increase their allocations.
Liquid alternative investments are now the fastest growing part of the asset management industry. Alternative UCITS assets have grown over 40 per cent annually since 2008, whilst the hedge fund industry has grown 13 per cent and the
Man Group has completed the acquisition of Numeric Holdings, a privately-owned, Boston-based quantitative equity manager with USD14.7 billion of funds under management.
Manny Roman, chief executive officer of Man, says: “We are delighted to announce the completion of the acquisition of Numeric, which has an impressive track record of performance, a strong US footprint and a talented management team. Numeric is very well positioned to benefit significantly from our scale and resources and I’m excited by the opportunities this acquisition brings for our investors and shareholders.”
The transaction will create a diversified, global quantitative investment platform represented by AHL
Global funds transaction network Calastone has been listed at number 42 in the Sunday Times Hiscox Tech Track 100, published on 7 September.
The Hiscox Tech Track 100 league table ranks Britain's 100 private tech (TMT) companies with the fastest-growing sales over the latest three years.
Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an awards event in November and regional dinners throughout the year.
Julien Hammerson, CEO of Calastone, says: “We are honoured to have been listed in the Tech Track 100 ranking. As a technology firm, we are
Alceda Fund Management SA has teamed up with APN Property Group (“APN”), a specialist Asia Pacific real estate investment manager to redomicile a former Cayman fund to a Luxembourg SICAV Specialised Investment Fund (SIF).
The fund strategy invests in a diversified portfolio of Asia Pacific listed equities, with a key focus on real estate investment trusts (‘REITs’), with a limited allocation to infrastructure securities. The aim is to deliver higher income and lower volatility than can be achieved by investing directly in REITs. Targeted at both the institutional and high net worth markets, the income leaning fund aims to provide
Spring Valley Asset Management (SVAM), a newly formed alternative investment manager specialising in the development of quantitative futures-based trading strategies, has launched the SVAM Tactical Trend Portfolio.
The Tactical Trend Portfolio seeks to generate superior absolute and risk-adjusted returns across a diversified blend of more than 50 futures markets, including stock indices, interest rates, currencies, energies, metals and agricultural commodities.
The portfolio uses multiple market inputs and a host of technical indicators to identify directional trading opportunities across a broad spectrum of time frames, including short-term, intermediate-term, and long-term horizons.
The Tactical Trend Portfolio employs a systematic process
