Latest News
The alternative UCITS market saw its AuM grow by 15.6 per cent to EUR184.2bn through the first six months of 2014 according to the Alceda Half Yearly UCITS Review. However, whilst inflows remain strong, performance has tailed off. Through the first half of 2013 alternative UCITS funds returned 5.95 per cent compared to just 0.52 per cent this year.
Having ended 2013 as the best performing strategy with gains of 12.3 per cent, the AH Equity Long Short Index was flat to the end of June 2014. Despite this, Equity Long Short strategies have seen AuM rise 66.8 per cent
- 03/08/2014
- 02/08/2014
BNP Paribas Securities Services is to acquire Prime Fund Services (PFS), a provider of fund administration, custody and banking solutions for alternative investment managers, from Credit Suisse.
The move is part of BNP Paribas Securities Services’ strategy to develop its global fund administration franchise. 


The transaction will result in a global fund administrator dedicated to alternative investment managers that will service over USD 231 billion of alternative assets.
The offering brings together PFS’ administration expertise in the alternative investment sector and BNP Paribas Securities Services’ extensive custody and depositary network and global reach.


PFS employs staff in
- 01/08/2014
The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 1.1 per cent in June, along with global stock and bond indices.
The MSCI World Index climbed 1.8 per cent while the Barclays Global Aggregate Bond Index rose 0.7 per cent.
The Morningstar MSCI Composite AW Hedge Fund Index has increased 3.7 per cent for the year through June.
“The second quarter was marked by volatility in small-cap and international equities,” says AJ D’Asaro, alternative strategies analyst for Morningstar. “However, despite increasing geopolitical tension in
- 01/08/2014
Dallas-based investment management firm Highland Capital Management is now compliant with the Global Investment Performance Standards (GIPS) and has been independently verified for the period of 1 January 2009 to 31 December 2013.
The GIPS standards are a rigorous set of investment performance measurement principles which have been adopted in 37 countries and recognised around the world for providing credibility, integrity, scope and uniformity of performance reporting by enabling direct comparability of a firm’s track record.
“Transparency and integrity are two of the most important things professionals look for when investing capital,” says Mark Okada, co-founder and chief investment
- 01/08/2014
National Futures Association (NFA) has taken an emergency enforcement action against commodity trading advisor and commodity pool operator Nord Capital Advisors and company principal Yakov Shlyapochnik.
NFA has taken the Member Responsibility Action (MRA) and Associate Responsibility Action (ARA), effective immediately, to protect investors, the commodity futures markets and other NFA members and associates.
Nord Capital and Shylapochnik have failed to fully cooperate during NFA's attempted examination and investigation by not producing the books and records that NFA requested.
Acting on a complaint NFA received from a representative of a company located in Cyprus regarding Shylapochnik and various
- 01/08/2014
Lyxor Asset Management, now a fully licensed alternative investment fund manager (AIFM), has launched two AIFMD compliant funds of managed accounts.
The Lyxor Diversified Fund (LDF) and the Lyxor Focus Fund are liquid, multi-strategy funds invested across the hedge funds of Lyxor’s managed account platform (MAP).
With this new status, Lyxor is now authorised to offer professional investors in Europe a complete offering of alternative investment solutions and is one of the few asset managers with flagship strategies open for investment under AIFMD.
LDF and Focus invest in between 15 and 25 Lyxor managed accounts across a range
- 01/08/2014
S&P Dow Jones Indices (S&P DJI) is initiating a consultation on Russian securities in its indices.
The US Treasury is placing sanctions on select Russian securities and individuals. Members of the European Community are also taking similar actions.
While S&P Dow Jones Indices believes that its indices are not directly impacted by these actions, it says some licensees may be required to divest holdings of sanctioned companies.
The goal of this client consultation is to: (1) provide S&P DJI with the information to assist it in making any appropriate and potential index modifications in a timely and efficient
- 01/08/2014
Man Group has reported a positive first half to the year with funds under management, gross sales and net inflows all showing increases during the period.
Funds under management (FUM) are up seven per cent to USD57.7 billion (31 December 2013: USD54.1 billion), gross sales are up 91 per cent to USD12.4 billion (H1 2013: USD6.5 billion) and net inflows are USD2.8 billion (H1 2013: net outflows -USD5.0 billion).
Redemptions, meanwhile are down 17 per cent to USD9.6 billion (H1 2013: USD11.5 billion).
Adjusted profit before tax (PBT) is up 10 per cent to USD148 million (H1 2013:
- 01/08/2014
Rothschild Larch Lane Management Company has launched a liquid, open end alternatives mutual fund which uses a risk balanced approach to portfolio construction.
Using a multi-manager structure, the Rothschild Larch Lane Alternatives Fund offers diversification across a variety of asset classes, time frames, investment styles and strategies.
The fund seeks to generate consistent returns relative to risk and maintain low correlation to equity and bond markets.
Rothschild and Larch Lane will share their experience of managing multi-manager alternatives portfolios through the joint venture management company. Larch Lane is a pioneer in early stage hedge fund investing, hedge fund
- 01/08/2014
Special Reports
FeatureD
- Intel
- April 26, 2024
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
