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Man Group’s GLG Partners is to launch the GLG European Equity Alternative (the fund), a UCITS version of its successful GLG European long-short strategy.
Managed by Pierre Lagrange (pictured), partner and co-founder of GLG, Simon Savage, a specialist in active risk management, and Darren Hodges, an expert in options trading, the Fund for the first time offers retail investors access to the team behind the GLG European Long-Short strategy, which has a track record since 2000.
The GLG European Long-Short (ELS) strategy combines two key objectives. The first objective is aiming to deliver sustainable capital growth. Emphasising stock
- 12/07/2011
Come September, ML Capital’s dedicated Ucits platform, MontLake, is on target to have four funds operating on it, in what is so far turning out to be a good year for the Malta-headquartered firm. It was announced this month that Skyline Capital Management will launch a global l/s emerging market Ucits and follows the earlier announcements of DUNN Capital Management and New York event-driven manager, Para Advisors.
MontLake was launched in Q4 last year specifically to attract hedge fund managers like those listed above. “One of the key drivers of managers coming to us is they can see we have
- 12/07/2011
By James Williams – The last twelve months have done a lot to consolidate peoples’ views of alternative Ucits. Fund managers have started to wake up to the obvious benefits of having an onshore vehicle and the value that the Ucits structure can bring.
Every month new funds are being launched, transforming a sector that was once the preserve of equity l/s strategies into one populated by more diverse, complex strategies including event-driven, global macro, credit and CTAs. The emergence of John Paulson, Barton Biggs of Traxis Partners and York Capital illustrates the depth of hedge fund talent embracing Ucits.
- 12/07/2011
Funds of Ucits hedge funds are a recent product development: the Gottex Absolute Return Fund, a multi-strategy product, launched 7 July 2010. As such, few have had the chance to produce eye-popping returns because in the time they’ve existed, the markets have been sluggish. “I think when equity markets improve you’ll find returns starting to pick up and investor interest will grow,” says Chris Hawkins, Managing Director and Portfolio Manager of Gottex Absolute Return (Ucits) Funds.
Alternative Ucits funds are easily understood, regulated, and transparent. Consequently, some investors are allocating directly to managers rather than paying a FoFs adviser to
- 12/07/2011
By Olivier Sciales (pictured) and Rémi Chevalier – Continued uncertainty regarding the provisions of the European Union’s Alternative Investment Fund Managers Directive, despite its formal finalisation on June 8, remains an important growth driver for the growth of Ucits funds offering alternative strategies. With the drafting of Level 2 measures to implement the directive in detail still months away at best, the lack of clarity is strengthening the appeal of Ucits to institutions as regulated vehicles.
An increasing number of alternative managers are rolling out Ucits-compliant funds to complement their offshore offerings. They provide a clear, transparent way not only
- 12/07/2011
By James Williams – The alternatives industry is today experiencing a paradigm shift. Long the preserve of ultra wealthy individuals and family offices, hedge funds are undergoing a cloning exercise, with managers offering onshore vehicles to appeal to a wider investor base.
There are now in excess of 400 alternative Ucits and the universe keeps on growing, with recent surveys indicating that over 100 hedge fund managers are considering launching Ucits products.
“The growth rate in alternative Ucits is going to remain substantial for at least the next two or three years. That for me is very clear,” says Eric
- 12/07/2011
Euro Pacific Asset Management, LLC, a Newport Beach, California-based asset manager affiliated with Peter Schiff’s brokerage firm, Euro Pacific Capital, has launched the EuroPac Hard Asset Fund. The fund, which will trade under the symbol EPHAX, is the fifth fund offered by Euro Pacific Asset Management. Other funds focus on such sectors as foreign bonds (EPIBX), small cap Asian equities (EPASX), international value stocks (EPIVX), and Chinese equities (EPHCX).
The new mutual fund attempts to provide capital appreciation and hedge against inflation over a long-term investment horizon by selectively investing in hard asset securities as well as those currencies that
- 12/07/2011
Alternative assets managed on behalf of pension funds by the world’s largest managers grew 16% in 2010 to USUSD952bn (from USUSD817bn in 2009), according to global research produced by Towers Watson in conjunction with the Financial Times.
At the same time total assets under management (AuM) for these managers increased by 12% to USUSD1,904bn; and the research shows that half of their assets are now pension fund assets. The Global Alternatives Survey covers five alternatives asset classes: real estate; private equity fund of funds (PEFoF); fund of hedge funds (FoHF); infrastructure and commodities and includes rankings of the top managers
- 12/07/2011
The US Commodity Futures Trading Commission (CFTC) filed a civil complaint charging CIS Commodities LLC (CIS) of Henderson, Nevada, and its founder and president, Allen Nicholas Ward, of Aspen, Colorado, with misappropriation of customer funds and misrepresentations and issuing false written statements to a customer. The complaint also charges Trans Global Investments, LLC (Trans Global), a Nevada company, its President, Charles Leroy Timberlake, of Plano, Texas, Ward, and CIS with misrepresentation and issuing false written statements.
On June 30, 2011, the day after the CFTC complaint was filed, Judge Gloria M Navarro of the US District Court for the District
- 11/07/2011
Tikehau IM, the Paris-based asset manager specialising in credit and fixed-income markets, has reported, as of 30 June, over EUR600m of assets under management, on the back of EUR300m inflows during the first half of 2011.
Tikehau IM focuses primarily on three main segments of credit markets: bonds, loans and private debt. The investment vehicles offered are French open-ended funds, currently covering three main strategies (corporate credit allocation, floating rates notes, and subordinated financials bonds), as well as special situations fund and private-debt bespoke solutions.
Within the sole open-ended funds (UCITS) segment itself; Tikehau IM has more than doubled its
- 11/07/2011
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