Managers
Financial Risk Management (FRM), a global hedge fund investment specialist, has established a strategic partnership with Itajubá International, a Brazilian alternatives specialist, to provide institutional investors in Brazil with access to global best of breed hedge funds.
As part of this relationship, FRM and Itajubá Investimentos, a Brazilian distributor owned by partners of Itajubá International, have recently launched the only Brazilian mutual fund which invests the majority of its assets in a global portfolio of offshore hedge funds.
FRM Global Hedge Fund FIM, when registered with the CVM (Brazilian Securities and Exchange Commission), will be available to super qualified
Commodities alternative investment manager J E Moody has joined dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.
The move allows investors to access J E Moody’s Commodity Relative Value (CRV) Program in a transparent, safe, liquid and efficient manner through Deutsche Bank’s dbSelect platform. Managed investment platforms allow hedge fund managers to offer multiple ways of accessing investment strategies, including UCITS, whilst reducing risk and increasing liquidity for investors.
J E Moody currently has over USD170 million in assets under management and recently celebrated the fifth anniversary of its CRV Program. The CRV Program is a highly
Red Kite, a metals-focused fund groups, has selected Butterfield Fulcrum as the firm’s fund administrator.
After a detailed analysis of Red Kite’s specific needs, Butterfield Fulcrum designed a customised solution to answer the client’s requirements. Teams from both Red Kite and Butterfield Fulcrum worked together to develop a unique bespoke administration process.
Glenn Henderson, CEO of Butterfield Fulcrum, says: “We are extremely pleased to welcome Red Kite as a client. This appointment confirms our commitment to providing customised administration services to asset managers with some of the most complex commodity trading strategies, asset classes and complex fund structures in the
Virtu Financial has acquired the Designated Market Maker (DMM) business for the New York Stock Exchange (NYSE) and NYSE Amex. Terms of the deal have not been disclosed.
“This acquisition is consistent with Virtu’s primary business objective of providing highly efficient, fully obligated, customised liquidity to investors across all markets,” says Vincent Viola, Chairman and CEO of Virtu Financial, LLC. “We are excited about playing an important part of the NYSE and NYSE Amex marketplace. We look forward to working with our listed company partners and providing our unique liquidity to their valued investors.”
As a result of the close
Walkers have completed the first redomiciliation of a Jersey investment fund into Ireland. The fund, BlueAlpha Global Equity Fund plc (BlueAlpha), successfully migrated and has been authorised in Ireland as a UCITS fund. Apex Fund Services (Ireland) Limited is BlueAlpha’s new administrator, with BNP Paribas Securities Services Dublin Branch acting as custodian.
Sean Peche, Director of BlueAlpha says: “Walkers’ presence in both Jersey and Ireland meant they were uniquely positioned to assist us in the continuation. The process was extremely well managed and we couldn’t have achieved the end result without Walkers’ high level of competence and professional service.”
The
Fundsmith LLP, the London-based fund management company established by Terry Smith in 2010, has appointed State Street
The UCITS Alternative Index Global suffered its third month of losses in the last four months as fund managers running onshore versions of their hedge fund strategies failed to avoid the mar
Investec Asset Management is planning to launch a UCITS-compliant global equity contrarian fund
Simon Brazier (pictured), Threadneedle Investments’ Head of UK Equities, has commenced managing
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm.
The group that UBS joins comprises BofA Merrill Lynch, GETCO LLC, Goldman Sachs, Morgan Stanley, and Quantlab Group LP. Instinet Incorporated, a Nomura Group company, remains the largest equity holder through a subsidiary company.
“We are pleased to welcome UBS to our group of world class, distinguished equity partners.” says Tal Cohen, CEO of Chi-X Global, “As we continue to expand our global presence through new product offerings and strategic
