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Natixis Global Asset Management has launched the Aurora Horizons Fund, a multi-strategy mutual fund dynamically allocated across multiple hedge fund managers.
The fund may help investors achieve additional risk diversification within a traditional long-only portfolio of stocks and bonds by providing diversified exposure to alternative strategies.
The fund is managed by Aurora Investment Management, which has specialised in multi-manager portfolios of hedge funds since 1988.
"We are pleased to offer the Aurora Horizons Fund, which gives investors access to investment talent not previously available to them in a mutual fund format," says David Giunta (pictured), president and chief
The Bermuda Monetary Authority is advancing preparations to sign a cooperation agreement with Europe under the Alternative Investment Fund Managers Directive (AIFMD).
The AIFMD is due to be implemented across Europe by 22 July 2013. The Authority has been in discussions with the European Securities and Markets Authority (ESMA), and is aiming to sign the co-operation agreement required for third country regulators under the Directive before the July deadline.
“Bermuda’s existing regulatory framework for investment funds already provides the foundation to support the level of cooperation ESMA is seeking,” says Jeremy Cox, chief executive of the Authority. “Therefore, we
A Greece-focused hedge fund managed by Dromeus Capital Group, which has delivered investors over 50 per cent returns in its first six months, says it has turned cautious on Greek investments raising its cash balances for the first time since its inception.
Achilles Risvas, managing partner at Dromeus Capital, says: “Greek asset prices have been through a tremendous rally over the last three quarters but future prospects increasingly depend on budget execution and output recovery and we have doubts on both.”
Dromeus Capital says that markets have been too ready to celebrate the progress on the fiscal front, taking
Preqin’s latest Hedge Fund Spotlight reveals that hedge funds focusing on the Asia Pacific region posted significant returns in January and February 2013 of 3.97 per cent and 2.18 per cent in each month respectively.
This is in comparison to North American and European hedge funds, which posted only 0.61 per cent and 1.24 per cent in February respectively.
Asia Pacific hedge funds outperformed other regions over the last 12 months, returning 10.71 per cent compared to 9.37 per cent for North America-focused hedge funds and 6.88 per cent for Europe-focused hedge funds.
Performance for hedge funds across
The Association of the Luxembourg Fund Industry (ALFI) has this week published a comprehensive 46-page report on Liquidity Guidelines
Preqin’s latest Hedge Fund Spotlight reveals that hedge funds focusing on the Asia Pacific region posted significant returns in January and February 2013 of 3.97 per cent and 2.18 per cent in each month respectively. This is in comparison to North American and European hedge funds, which posted only 0.61 per cent and 1.24 per cent in February respectively.
Asia Pacific hedge funds outperformed other regions over the last 12 months, returning 10.71 per cent compared to 9.37 per cent for North America-focused hedge funds and 6.88 per cent for Europe-focused hedge funds.
Performance for hedge funds across all strategies
The Australian Securities and Investments Commission (ASIC) has proposed draft rules addressing the mandatory trade reporting obligations for over-the-counter (OTC) derivatives such as interest rate swaps.
The proposals are the next step in Australia meeting its G20 commitments to OTC derivatives reform, and follows ASIC consulting on proposals for the licensing and regulation of derivative trade repositories.
Consultation Paper 205 Derivative transaction reporting (CP 205) proposes rules governing the reporting of OTC derivative transactions to derivative trade repositories. CP 205 covers issues such as which institutions will need to report to trade repositories, what information will need to
A framework for incorporated cell companies in the insurance sector was created in the Cayman Islands on 25 March, when the Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers (SPCs).
PICs offer four main advantages over existing SPCs, which also are offered in the Cayman Islands, says the Minister for Financial Services, the Honourable Rolston Anglin (pictured), who presented the Insurance (Amendment) Bill 2013 to the Legislative Assembly.
1. A PIC is a separate legal entity, whereas a segregated portfolio of an SPC is not. This means
Following receipt of the approval to provide fund administration and custody services from the Malta Financial Services Authority, the Citco Group of Companies is opening an office in Malta.
William Keunen, global director of Citco Fund Services, says the extension of Citco’s global footprint in Malta makes sense.
“We have been asked on numerous occasions whether we can service funds domiciled in Malta. Now, with the implementation of the AIFM directive in July 2013, Malta will provide a viable alternative to the main European hedge fund jurisdictions, in particular because the legislation is ready and the MFSA is
IN THE SUPREME COURT OF BERMUDA
COMMERCIAL LIST
COMPANIES (WINDING-UP)
2010: No. 312
IN THE MATTER OF NEW STREAM CAPITAL FUND LIMITED
AND IN THE MATTER OF THE COMPANIES ACT 1981
AND IN THE MATTER OF THE SEGREGATED ACCOUNTS COMPANIES ACT 2000
notice OF INTENTION TO DISTRIBUTE ASSETS
NOTICE IS HEREBY GIVEN that pursuant to the directions of the Supreme Court of Bermuda, Mike Morrison and Charles Thresh of KPMG Advisory Limited, Crown House, 4 Par-La-Ville Road, Hamilton, HM 08, Bermuda, the Joint Receivers of the segregated account classes B, E, H, K, L, N and O of the above
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