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Malaysia-based asset manager Affin Hwang Asset Management Berhad has launched an Asian equity-focused UCITS fund reported Citywire Global Asia this week. The Affin Hwang Capital Asian Series is domiciled in Luxembourg and initially consists of two sub-funds: Select Asia Opportunity Fund and Select Asia Quantum Fund.
According to Esther Thye, the firm’s chief strategy officer, Affin Hwang Asset Management becomes the first Malaysian asset management firm to establish a Lux-domiciled UCITS fund. BNP Paribas Securities Services has been appointed as administrator, transfer agent and domiciliary agent as well as custodian to the fund structure.
Invesco PowerShares this week announced
Hedge funds negotiated a tumultuous environment in October, with the HFRI Fund Weighted Composite Index posting a narrow gain of 0.09 per cent for the month, according to data released by HFR.
Gains in macro, currency and equity hedge strategies offset losses in event driven and relative value arbitrage, reversing intra-month losses into month end. The volatile month included significant declines in oil and energy prices, idiosyncratic losses in event equity positions, a sharp intra-month broad based equity market decline and partial recovery, a steep drop in US Treasury yields on investor risk aversion, and the conclusion of the US
Catella is to launch a fixed income fund, the Catella Credit Opportunity Fund, which is designed to provide managers with a more flexible approach to generating adequate risk-adjusted returns.
"Record-low interest rates create an especially challenging environment for investors. Many traditional fixed income funds have overly narrow mandates and therefore less opportunity to generate returns in a low interest rate environment, and they may even provide negative returns if interest rates rise," says Magnus Nilsson, one of the fund's managers.
The new fund has a greater toolbox with its broad mandate, in order to better adapt to different market
The Bahamas maturity as a wealth management centre provides it with an inherent understanding that changes to its regulatory and business environment should not be knee-jerk reactions to market or political conditions but measured responses that build on the trust and confidence that the jurisdiction has earned – and values – among the broad choice of global institutions which provide asset management, private banking, trust, and related services to owners of capital from around the world.
Indicative of the measured and progressive approach is The Bahamas’ carefully designed regulatory environment for investment funds. Indeed this design has borne fruit; over
Julian Rifat, a former senior execution trader at Moore Capital Management has pleaded guilty to an indictment reflecting eight instances of insider dealing. Profits from the dealing exceeded GBP250,000.
Rifat is the third individual to plead guilty to insider dealing offences arising out of Operation Tabernula, the FCA’s largest and most complex insider dealing investigation. He will be sentenced in the New Year.
Rifat admitted passing inside information, obtained during the course of his employment, to an associate, Graeme Shelley, who then traded for their joint benefit. Earlier this year Graeme Shelley, previously a broker at Novum Securities, pleaded
One of the most prominent features of the post-financial crisis was the commitment through central bank intervention, particularly in the US, the UK and Europe, to stabilise the markets. Volatility was dampened and FX trading volumes contracted significantly.
Recognising this, ICAP, the London-based markets operator and one of the industry’s leading providers of post-trade risk mitigation and information services, made a concerted effort to spread its wings.
EBS Market, ICAP’s flagship electronic platform supporting spot FX currencies and precious metals, took the initiative to expand beyond its core currencies and over the last three years has significantly grown its
Asia Pacific has always been a key market for global alternative fund managers but as the latest research published by Preqin shows, institutional investors in the region are becoming an increasingly important source of capital allocation; both to hedge funds and private equity.
Hedge Fund Investor Trends
This is good news for local domestic managers and global players with an eye on diversifying their investor base and tapping in to new sources of capital. Based on 494 institutional investor profiles the Preqin October Spotlight report found that Australia (32 per cent) and Japan (24 per cent) are key markets with
When the European Central Bank’s pan-European settlement platform TARGET2-Securities (T2S) goes live in waves from 2015 to 2017, Liquidity Alliance members will benefit from access to the resulting pan-European liquidity pool.
Streamlined settlement will integrate respective assets for smooth collateral management activities. Iberclear in Spain and Clearstream’s central securities depository (CSD) in Germany, Clearstream Banking AG, will act as the gateway into T2S for the entire Liquidity Alliance.
The Liquidity Alliance will thereby add a global dimension to what the European Central Bank had conceived as a purely European project. T2S will not only make cross-border settlement and respective
GAM has appointed three senior quantitative professionals to the GAM Alternative Investments Solutions (AIS) team, enhancing the group’s capability in liquid quantitative solutions.
Dr Lars Jaeger, founder of Alternative Beta Partners, an investment boutique based in Switzerland, and his colleagues Dr Pierre-Yves Moix and Dr Stephan Müller, have joined the group to enhance GAM’s existing liquid alternative risk premia solutions which are focused on institutional clients.
GAM has been managing portfolios of alternatives and investing in liquid quantitative strategies for clients for over 25 years. The GAM AIS alternative risk premia approach provides actively managed portfolios that aim to
Since the Alternative Investment Fund Managers Directive (AIFMD) came into full effect, MPMF Fund Management (Ireland) Limited is continuing to gain momentum.
MPMF has on-boarded a number of well-known alternative investment funds (AIFs) and anticipates continued significant interest in the services offered.
AIFMD is the European Union (EU) directive that came into force on 22 July 2013, with a transitional compliance date of 22 July 2014. The directive regulates EU and non-EU fund managers that market AIFs to investors domiciled, or with a registered office, in the EU.
MPMF, a Central Bank of Ireland authorised alternative investment fund
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