Managers
Hong Kong-based Value Partners, one of Asia’s largest hedge fund managers with some USD7.7billion in assets under management is preparing to launch a UCITS-com
Man Group Plc, the global alternative investment manager, has launched the Man Commodities Fund, offering retail and institutional investors exposure to global commodities markets in a UCITS format.
The underlying investment strategy has been developed by Man Systematic Strategies, an investment manager within Man, for investors looking to diversify portfolios from standard investments in stocks and bonds. According to Barclays Capital Commodities Research, commodity investments are set to increase in 2012 and could rise to USD30-40 billion due to strong investor interest and the potential for good returns in many sectors.
Launched with USD50 million of seed assets, the
Kinetic Partners, the global professional services firm to the asset management, banking and broking industry, has acquired AB Fund Services, the Luxembourg-based fund advisory firm.
AB Fund Services advises on regulatory and compliance requirements for investment funds domiciled in Luxembourg, with a particular emphasis on the risk management requirements of the regulator, Commission de Surveillance du Secteur Financier. It has an established reputation as a leading investment fund consultancy in Luxembourg, assisting funds in all of their infrastructure, risk management and operations needs.
Established in 2005, Kinetic Partners has grown rapidly to serve over 1,200 clients globally, providing a
Alternative UCITS funds made further gains last month according to Alix Capital, provider of the UCITS Alternative Index Global which climbed 0.87 per cent to put it +2.25 per cent YTD.
BNY Mellon has launched the BNY Mellon Emerging Markets Corporate Debt fund, a Dublin-domiciled UCITS, and is to be managed by Insight Investment.
A move away from nuclear energy in light of last year’s tragic accident at the Fukushima nuclear power station in Japan is creating opportunities for transmission and e
London Stock Exchange Group (LSEG) is to acquire a majority stake of up to 60 per cent of clearinghouse LCH.Clearnet in a deal worth EUR463 million.
Under the terms of the Transaction, London Stock Exchange (C) Limited (LSEC) will pay EUR20 per LCH.Clearnet Share acquired, comprising a cash consideration of EUR19 per LCH.Clearnet Share payable by LSEG under the Offer plus EUR1 per LCH.Clearnet Share from the Special Dividend payable by LCH.Clearnet (which may be reduced by the cost to LCH.Clearnet of any Relevant Claim(s)).
The total implied value of LCH.Clearnet under the terms of the Transaction is EUR813 million
NYSE Euronext’s global derivatives average daily volume (ADV) of 7.0 million contracts in February 2012 represented a decrease of 21.4% versus the prior year.
European derivatives products ADV in February 2012 of 2.8 million contracts decreased 35.7% compared to February 2011 and decreased 11.9% from January 2012 levels. Excluding Bclear, NYSE Liffe’s trade administration and clearing service for OTC products, European derivatives products ADV decreased 36.7% compared to February 2011 and decreased 6.7% from January 2012.
NYSE Euronext US equity options ADV of 4.1 million contracts in February 2012 decreased 9.2% compared to February 2011 levels and decreased 1.5% from January
Hedge funds posted their strongest start to a calendar year since 2000, with significant contributions from strategy areas which underperformed in 2011, according to data released today by HFR.
The HFRI Fund Weighted Composite Index gained 2.14 per cent in February, bringing performance through the first two months of 2012 to nearly five per cent. The recent gains have nearly recovered the -5.26 per cent decline from 2011, a year in which total hedge fund industry capital rose by 3 per cent to $2.02 Trillion.
Equity Hedge funds have had the most significant contribution to HFRI performance in 2012,
Merchant Capital, the independent corporate finance and investment management firm, has migrated its UCITS umbrella to Point Nine’s Circle.2 platform of live middle and back office services.
The firm chose Point Nine’s Circle platform for the launch of its UCITS umbrella last year. A new release, Circle.2, provides live and cloud-enabled trade reconciliation and settlements reporting for the first time, allowing fund managers to view key information such as counterparty exposures and settlement reports in real-time. Point Nine has also supported Merchant Capital’s recent move to a new fund administrator.
Chris Day, Director of Merchant Capital, says: “Having
