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The Swiss banking group Syz & Co is celebrating the 10th anniversary of Oyster European Corporate Bonds, the sub-fund of its Luxembourg UCITS Sicav Oyster, investing in European corporate bonds.
The fund, which has been advised by Andrea Garbelotto since it was launched, ranks in the ninth percentile over ten years. These good performances are also confirmed over three years and the current year, with a ranking in the first quartile.
The results are attributable to active and opportunistic management that makes the difference by having several sources of performance such as macro-economic forecasts, bond picking and duration
Addepar, a provider of smart technology platforms for wealth and investment management, has appointed Eric Poirier as chief executive officer and Karen White as president and chief operating officer.
Addepar co-founder Joe Lonsdale continues to serve in his current role as executive chairman of the board, and co-founder Jason Mirra continues as chief technical officer. Mike Paulus, who was among Addepar’s first employees and served as president, is now the company’s chief strategy officer.
Poirier (pictured) and White have both been appointed to the company’s board of directors.
“Addepar’s success over the last few years has positioned
Alter Domus is launching two new initiates in Luxembourg following the ratification of the Alternative Investment Fund Managers Directive (AIFMD) in the Grand Duchy.
As previously announced, the firm is launching new depositary services and has already submitted its application to the CSSF.
It is also bringing international knowledge to the Luxembourg marketplace with the launch of a dedicated team of experts for Sociétés en Commandite Spéciale, the new limited partnership comparable to US/UK style limited partnerships.
Those two initiatives have been prepared in the view of the Bill of Law N°6471 which was adopted by the
European Commissioner Michel Barnier (pictured) and United States Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler have announced a ‘path forward’ regarding their joint understandings on a package of measures for how to approach cross-border derivatives.
Commissioner Barnier said that: “our discussions have been long and sometimes difficult, but they have always been close, continuous and collaborative talks between partners and friends.”
Chairman Gensler said: “With these joint understandings, together, we’ve taken another significant step in our mutual journey to bring transparency and lower risk to the swaps market worldwide. I want to thank Commissioner Barnier and all his colleagues
LGT’s insurance-linked strategies team has won three large mandates in the first half of 2013 worth USD400m from large European pension funds.
The mandates are structured as separate, regulated funds on LGT’s dedicated ILS platform in Luxembourg, and they focus on private insurance-linked investments, also known as collateralised reinsurance.
The three institutions awarding the mandates include one of the largest Dutch pension fund managers (whose mandate covers non-US risk only), the AXA Winterthur pension fund and the pension plan of a Swiss municipality (both covering worldwide risks).
All of the mandates have a primary allocation to collateralised reinsurance
Launched in May 2013, the International Financial Litigation Network (IFLN) was founded by more than 20 law firms, including Tannenbaum Helpern. The mission of the network, which presently spans 16 countries, is to improve cross-border solutions for financial institutions, funds and individuals involved in financial disputes by promoting collaboration among lawyers and court systems and by facilitating cost-effective resolutions.
One goal is to avoid duplicative court proceedings and inconsistent judgments. The network is also designed to help attorneys better serve their clients in financial matters by identifying sophisticated and experienced counsel in other jurisdictions to ensure quality advocacy.
“The borderless
Hedge funds around the world saw negative returns in June to end seven months of straight gains amid a broad pullback in equity markets. According to data compiled by Eurekahedge those in Asia ex-Japan were the worst hit.
The Eurekahedge Hedge Fund Index fell 1.47 per cent in June, marking its first decline this year, the company said in a note published late on Wednesday. That compared with a fall of just over 3 per cent in the MSCI World Index.
"June witnessed a continuation of downside momentum from the end of May as markets reacted adversely to speculation about a
Miravast Asset Management, an investment adviser specialising in life contingent assets, has advised on the USD60m purchase of a life insurance portfolio by a substantial institutional investor.
Miravast developed and structured the transaction, including selecting the life insurance policies, conducting medical reviews of the insureds and performing an actuarial analysis of each of the life insurance policies, which were recently acquired on the secondary market. Miravast Asset Management is also responsible for the ongoing management of the portfolio.
Miravast’s team of insurance professionals has extensive experience underwriting and managing portfolios of life insurance policies, including the development
The Luxembourg Parliament has adopted the law transposing the Alternative Investment Fund Manager Directive (AIFMD) into Luxembourg law.
Marc Saluzzi (pictured), chairman of ALFI, says: “With the legislative process now complete, the regulated alternative investment fund industry in Luxembourg is ready to take off.
“AIFMD pushed the alternative fund management industry towards a model which is based on the compromise of more regulation in exchange for a passport. This is the same as the UCITS model which we know so well in Luxembourg, and, combined with the fact that we already have a well-established ‘alternatives’ industry, the law
Stonehaven, a placement agent focused on hedge funds, private equity, real estate, venture capital, private placements and long-only strategies, has added two key personnel to its senior team.
Mark Sullivan, as a managing director and partner, and will work closely with Stonehaven’s chief executive to spearhead origination and ongoing management of mandates while also playing a senior management role.
Igor Gourari has also joined the Stonehaven team as the firm’s controller. He will spearhead all financial and accounting functions within the firm while also playing a senior operations role.
The expansion of Stonehaven’s management and operations team
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