Managers
GSO Capital Partners LP (“GSO”), the global credit platform of The Blackstone Group, has acquired Harbourmaster Capital, a leading European leveraged loan manager which manages and advises on approximately EUR8 billion (USD11 billion) of assets.
The Harbourmaster Capital Dublin-based team will continue to support the Harbourmaster funds, and will form a combined platform with GSO’s existing European leveraged loan business to develop new European focused funds for their global investor base. The combined European leveraged loan platform will have approximately EUR11.5 billion (USD15.5 billion) in assets under management supported by a combined team of 40 professionals in both Dublin and
A survey released by Naisscent Capital, a Swiss FoF manager, has found that the number of alternative Ucits funds available to investors has exceeded 1,000 reported Financial News thi
DMS Management (Ireland) Limited, one of the hedge fund industry’s largest fund governance firms, has been appointed as director to the Monsoon Asia Pacific Systematic Fund (MAPS), a D
Following the recent acquisition of Singapore-based Silver Metis Capital Management, J O Hambro Capital Management has decided to launch two Asia-focused Ucit
Alternative Ucits funds recorded more losses last month with the UCITS Alternative Index Global shedding another 1.33 per cent to leave it down 3.85 per cent for the year.
DMS Management (Ireland) Limited (DMS) has been appointed as director to the Monsoon Asia-Pacific Systematic Fund (MAPS), a Dublin-based UCITS IV fund with daily liquidity.
MAPS is one of the first alternative strategy UCITS IV funds authorised in Ireland.
MAPS is a fully systematic managed futures strategy, focusing on the most liquid equity indices across the following Asia-Pacific markets: Taiwan, China, Hong Kong, Korea, India, Japan, Australia and Singapore. The strategy dynamically adjusts net exposures based on price patterns, resulting in low correlated returns to major indices.
While the UCITS fund came online in September, the investment manager (Monsoon Capital
GlobeOp Financial Services is relocating and expanding its current Dublin office to serve increased demand from funds based in or extending into Europe.
Vernon Barback (pictured), GlobeOp president and chief operating officer, says: “We see continued European market growth in areas where we offer specialist expertise and can leverage our global technology platform – such as large complex portfolios and managed accounts. Europe is becoming a key onshore regulated market as more funds prepare to re-domicile there to access investors. In addition to offering the quality and scope of sophisticated services these funds experience offshore, we will partner with them
Liontrust Asset Management Plc has completed the acquisition of the fund management business of Occam Asset Management.
The acquisition fulfills Liontrust’s publicly stated objective of expanding into the fast growing Asia and Emerging Markets asset classes to complement its existing UK and Europe fund management capability.
Occam brings the management of four Dublin-based funds and two Cayman Islands-domiciled hedge funds to Liontrust, with the funds being rebranded and three of them being renamed.
The Dublin funds are: Liontrust Asia Absolute Return (formerly Occam Asia Absolute Return), Liontrust Asia (Occam Asia Focus), Liontrust Pan European (Occam Europe Focus) and Liontrust Emerging
Independent fund services provider Butterfield Fulcrum, and Luxembourg Investment Solutions SA (LIS), a regulated (UCITS-licensed) management company, have signed a strategic cooperation agreement to provide a complete suite of management company and fund administration services in Luxembourg.
This relationship offers non-European fund initiators a quick and cost effective solution to launch Luxembourg-domiciled funds with a single point of contact for fund administration and corporate secretarial needs. With a focus on alternative investment funds and structures, this strategic partnership will help investment managers, institutional investors and family offices realise their investment ideas through a unique plug and play solution.
Butterfield Fulcrum
Dematco, Inc a specialist in dematerialising and converting insurance instruments from paper form to electronic form, has announced a 50% revenue sharing agreement with Toronto-based hedge fund manager Quantus Investment Corp.
Investment instruments and derivative products will be created from dematerialised Senior Life Insurance Policies. Dematco and Quantus expect to bring Variable Stripped Units, Senior Life Settlement Units, bonds and distinctive instruments to market in acceptable dematerialised form for Institutional participation. A 50/50 sharing of fees arising from introductions by each party to the other has been entered into.
Robert Stevens, Dematco Chairman and CEO, says: "In a market traditionally
