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The first half of 2014 saw a new milestone reached in the alternative UCITS sector with assets under management (AUM) growing by 15.6 per cent to EUR184.2 billion, according to the Alceda Half Yearly UCITS Review.
However, alternative UCITS strategies performed less well during the first half of 2014, advancing just 0.52 per cent, compared to the 5.95 per cent gains seen in 2013.
Having ended 2013 as the best performing strategy with 12.3 per cent gains, the AH Equity Long Short Index was flat to the end of June 2014, underperforming most long-only equity indices. Despite this, equity long
- 01/08/2014
Preqin interviewed 150 fund managers and 100 institutional investors in June 2014 to ascertain their outlook on the hedge fund industry as we entered the second half of the year. When asked to predict the end of year benchmark value in 2014, 99% of hedge fund managers predicted the All Hedge Funds benchmark would be 11% or less, below the 11.69% hedge funds returned in 2013.
53% of fund managers and 51% of hedge fund investors believe the 2014 benchmark will fall between 4-6%. As of June 30th 2014, the Preqin All Hedge Fund benchmark has posted net returns of 3.68%.
- 31/07/2014
Long/short global macro hedge fund the Oracle Fund offers an opportunity to enter an investment partnership that's already shown tremendous potential for long-term capital gains, according to fund manager Javier Gonzalez.
Oracle Fund's strategy effectively insulates it from the typical ups and downs of the market.
Oracle Fund's primary objective is to build wealth for its partners. Annually, the fund's general partner seeks to outperform most equity indices by five to 15 per cent. Capital gains from the fund are continually reinvested.
The Oracle Fund Partnership is administered by Core Fund Solutions, audited by Arthur Bell CPAs, and
- 31/07/2014
Pictet Asset Management (Pictet AM) has expanded its Total Return fund range with the launch of PTR-Agora, an equity market neutral fund with a long/short investment approach.
The fund managers aim to identify catalysts that will have an impact on the share prices of European large cap companies, including corporate restructurings and M&A activity.
The fund invests in approximately 35 core investment strategies, each expressed through a combination of long and short positions.
By combining long and short positions, the portfolio managers aim to remove market risk and extract alpha from identified catalysts.
The fund is managed
- 31/07/2014
Redline Trading Solutions, a provider of ultra-low latency market data and order execution systems, has appointed Richard J Harrington to the firm’s board of directors.
Harrington served as president and chief executive officer of The Thomson Corporation (now Thomson Reuters Corporation) from 1997 to 2008.
He is founder and chairman of the Boston-based venture capital firm The Cue Ball Group. Harrington also serves on the board of directors of two publicly held corporations.
“Harrington brings to our board broad business experience gained from successful leadership positions that include serving as the CEO of a global provider of electronic
- 31/07/2014
By Oliver Sciales, Chevalier & Sciales – Luxembourg’s Financial Sector Supervisory Authority has published on July 18 the latest update to its Frequently Asked Questions document on the grand duchy’s law of July 12, 2013 implementing the European Union’s Alternative Investment Fund Managers Directive and the European Commission’s Level 2 regulation on implementation of the AIFMD.
The FAQ document, now in its seventh version in just over a year, is intended by the CSSF to highlight aspects of the AIFMD rules from a Luxembourg perspective for the benefit primarily of alternative funds and managers established in the grand duchy.
- 31/07/2014
- 31/07/2014
The Upper Tribunal has dismissed Alberto Micalizzi’s appeal against the Financial Conduct Authority’s (FCA) decision to fine and ban him over charges that he failed to act with integrity in his role as CEO at hedge fund Dynamic Decisions.
The Tribunal directed the FCA to impose a penalty on Micalizzi, the former CEO of the now defunct hedge fund, of GBP2.7 million (reduced from GBP3 million) and a full prohibition.
Dynamic Decisions was the manager of the DD Growth Premium Master Fund which was marketed by as having a low risk, highly liquid, market neutral strategy.
In
- 31/07/2014
Capita Financial Managers (Ireland) Limited has been granted an alternative investment fund manager (AIFM) licence by the Central Bank of Ireland.
The licence authorises Capita to take regulatory responsibility for the funds to which it acts as AIFM.
Capita will provide independent AIFM services to both EU and non-EU funds in the alternative investment market, so they are compliant with the Alternative Investment Fund Managers Directive (AIFMD).
AIFMD is an EU directive that came into force on 22 July 2013. It regulates EU and non-EU fund managers that market alternative investment funds to investors domiciled, or with a
- 31/07/2014
Commodity funds, as represented by the Newedge Commodity Trading Index, were the best performers in the firm’s suite of hedge fund indices in June, finishing the month up 0.63 per cent.
The Newedge Trading Index continues to build on 2014 gains, leading the Newedge Index performance year-to-date with a return of 3.55 per cent.
The Commodity Equity sub-index extends the positive performance achieved in 2013 and is up 4.85 per cent year-to-date with a return of 1.62 per cent for the month of June.
James Skeggs, global head of advisory group alternative investment solutions at Newedge says: “The
- 31/07/2014
Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority (FCA) to provide depositary services to UK alternative investment funds (AIFs) as well as "depositary-lite" services to non-EEA AIFs from its London office.
Furthermore, Bedell has received regulatory approval from the Jersey Financial Services Commission (JFSC) to provide depositary services from its Jersey office to all JFSC regulatory categories of investment funds.


Bedell Trust is now able to provide full depositary services covering cash flow monitoring, safekeeping, and oversight responsibility to unregulated collective investment undertakings – specifically closed-ended AIFs of alternative investment fund
- 30/07/2014
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