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The annual re-weighting of Euronext’s AEX, AMX and AScX indices will take place after close of the markets on 21 March 2014.
The changes in the composition of these indices will be effective from 24 March 2014.
With regard to the AEX, Royal Boskalis Westminster, Delta Lloyd and OCI will be included, while Air France KLM, PostNL and Royal Imtech will be excluded.
For AMX, Accell Group, Air France KLM, Arseus, Exact Holding, PostNL, Royal Imtech and Sligro Food Group will be included, while AMG, Royal Boskalis Westminster, Delta Lloyd, Heijmans, OCI, Pharming Group and Unit4 will be
The Salus Alpha RN Special Situation fund delivered a good start to 2014, up 1.90 per cent in January.
According to the Exane report, Absolute Return UCITS Fund Performances – February 2014, the fund was the second best performing fund of 19 funds ranked under the event driven UCITS category.
Oliver Prock, chief executive and chief investment officer of Salus Alpha Capital, says: “Our fund seem to repeat the January stint in February and in the coming months because our approach is unique and able to generate positive returns in all environments, since it combines an opportunistic core portfolio
Mishcon de Reya has appointed two new partners to the firm's growing funds practice.
Tim Flood, who joins the firm at the beginning of March 2014 from Jones Day, focuses on securities regulation and investment funds.
His experience covers all aspects of investment funds law, and he regularly advises on the interpretation of the Financial Services and Markets Act 2000 (FSMA), as well as clients' rights and responsibilities under the rules of the Financial Conduct Authority (FCA).
Flood has significant experience in money laundering issues; how overseas entities may conduct investment business and market their investment products and
The Irish Funds Industry Association (IFIA) has noted a significant uptake in applications by fund managers seeking authorisation in Ireland under the new Alternative Investment Fund Managers Directive (AIFMD).
According to information released from the Central Bank of Ireland (CBI) to the IFIA, applications from 72 fund management firms are being processed at present, with 11 AIFMs already authorised by the Central Bank of Ireland. In recent weeks 47 applications have been received.
The CBI now believes it will be exceeding its initial expectations and processing up to 90 applications between now and the deadline on 22nd July 2014.
The recent fixings of the People’s Bank of China (PBoC) caused the Chinese Renminbi to depreciate one per cent over one week. This has raised worries about the forecast of a continued, long-term, structural currency appreciation in China, says Asoka Wöhrmann, Co-Chief-Investment Officer at Deutsche Asset & Wealth Management (DeAWM)…
There are two potential motivations behind PBoC’s recent behaviour: On one hand, the PBoC’s fixing could indicate a change in the monetary policy due to concerns about GDP growth and competitiveness. On the other hand, the depreciation could be driven by the PBoC’s attempt to stem speculative inflows into China.
The
Apex Fund Services has launched its three hour hedge fund net asset valuation (NAV) reporting service called Tzero, giving fund managers a high speed portfolio valuation service.
The Tzero service will leverage Apex’s real-time portfolio management product Apex Vision giving managers access to a powerful reporting tool that can accommodate any investment style or strategy.
Tzero is capable of managing all “liquid and listed” asset classes and will be accessible to Apex’s clients in any of its 34 global offices.
Via Apex Vision’s technology, managers are given a front and middle office solution, live feeds from brokers and
By Don Steinbrugge, Agecroft Partners – Average hedge fund performance has been mediocre at best over the past five years, which is not surprising because most of the asset flows have been concentrated in a small percentage of firms with the largest assets under management.
Many of these firms have morphed into asset gatherers from alpha generators by managing significantly more assets than their strategies can optimally handle.
It is no wonder that a study done by Pertrac showed that over a 16 year period, small hedge funds out performed large hedge funds in 13 out of 16 years
Former founder of Ikos, Dr Martin Coward, considered by many within the hedge fund industry to be one of the true pioneers of systematic electronic trading, is opening his new quant fund to investors.
Based in Malta, dormouse is regulated by the Malta Financial Services Authority (MFSA and is a registered Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPO) under the US National Futures Authority.
Over the past 2.5 years the team has honed the trading strategy and the dormouse technology platform, steadily building assets, which currently stand at USD270m. Now the fund is ready to open up its doors to
The European Parliament and Council have backed plans by the European Commission to strengthen consumer protection in the UCITS market. As reported by out-law.com, which provides legal news and opinion from Pinsent Masons, consumers will have the right to take action against depositories charged with the safekeeping of assets should any of those assets go missing.
This is the same provision that will be applied to onshore European AIFs under the AIFMD and forms part of the next generation of UCITS regulation; namely UCITS V.
Tighter remuneration controls on managers of UCITS-compliant investment funds will also be applied to
The fifth edition of the Hedgeweek Awards, presented today in London's Mayfair and sponsored by Lyxor Asset Management, brought together the leading names in the global hedge funds industry to celebrate the achievements of the best performing managers and service providers in 2013.
With 2014 starting positively for many hedge fund sectors, the industry is reaping the benefits of responding positively to growing regulatory demands while focusing on generating results for investors.
The awards were determined by the votes of Hedgeweek's 41,000 subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators,
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