Managers
The Skyline Ucits Fund has completed a successful first year recording a return of 20.5 per cent, placing the fund at the top of its peer group and in the top one per cent of all alternative Ucits funds.
The emerging markets long/short fund has seen significant inflows, notably in the past quarter, and AuM now stands at USD56m.
Challenging market conditions have led to a contraction in the overall EM L/S Ucits asset class, such that the fund has a 20 per cent+ market share. The team expects further share gains reflecting a shift away from actively managed benchmarked
Schroders has launched another internally-managed fund, Schroder GAIA Global Macro Bond, on its Ucits platform, Schroder GAIA (Global Alternative Investor Access), which is designed to gve investors easier access to hedge funds.
The fund aims to deliver an annualised gross excess return of eight per cent per annum over Libor using currency, sovereign and credit strategies, and is scheduled to launch in October 2012.
The fund will be managed by the Schroders fixed income (FI) multi-sector team, led by Bob Jolly, who joined Schroders in September 2011 as head of global macro and has 30 years’ industry experience. The FI
Quantitative asset manager, Aquantum AG, which specializes in developing scientific methods to build managed futures strategies and is also a spe
Morningstar has called for greater transparency in the securities lending industry after conducting research into the practices of 10 European providers of physical replication exchange traded funds. Morningstar said that improvement was necessary in terms of disclosure of counterparties’ identities which remains “subject to much resistance”. Under the latest guidelines on ETFs and other UCITS-compliant funds provided by the European Securities & Markets Authority (Esma), a fund’s annual report will need to provide a list of borrowers. This should go some way to satisfying calls for greater transparency in this area.
Earlier this month Esma published ETFs and Other UCITS
InfraHedge, a managed account infrastructure platform and a subsidiary of State Street, has been selected by Milltrust International Group to launch its Emerging Markets Managed Accounts (EMM
InfraHedge, a managed account infrastructure platform and a subsidiary of State Street, has been chosen by Milltrust International Group for the launch of its Emerging Markets Managed Accounts (EMMA plc) platform, a dedicated emerging markets fund management platform housed within a single custodian relationship.
EMMA selects best of breed investment managers in high-growth emerging markets and has been promoted by Milltrust International as a Dublin-based Ucits umbrella fund.
The fund has launched with three sub funds managed by Bank Itau, BTG Pactual and Value Partners, focusing on Brazil, Latin America and Greater China respectively.
“Milltrust wanted the freedom to work
Last month saw the UCITS Alternative Index Global return 0.84 per cent according to its Geneva-based provider, Alix Capital. That leaves it up 0.50 per cent for the year.
Alternative asset manager The Carlyle Group and the management of The TCW Group, an asset management firm, are to acquire TCW from Société Générale.
As a result of the transaction, TCW management and employees will increase their ownership in the firm to approximately 40 per cent on a fully diluted basis.
Financial terms of the transaction, which is expected to close in the first quarter of 2013, were not disclosed.
Equity for the investment will come from two Carlyle investment funds, as well as from TCW management. The funds are Carlyle Global Financial Services Partners, a USD1.1bn
Luxembourg-based Alceda Fund Management S.A., one of the fastest growing independent structuring specialists in Europe with current AuA of more than USD7billion, announced
AlphaMetrix and Decision Analytics have come to an agreement regarding the initial Next Generation single manager product range.
The final manager and strategy selection criteria involve a number of factors with the prime focus on the quality and performance of the track record and strategy specialisation.
Next Generation Ucits funds will be listed on AlphaMetrix alongside managers’ non-Ucits funds and managed account vehicles, providing non-US investors a broader choice of vehicles offered by selected managers.
Discussions with potential partner managers is an ongoing process and includes advanced discussions with managers such as Episteme Capital Partners (CTA), Global Advisors (systematic commodities),
