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Newscape Capital Group, the London based investment firm, has launched its third specialist Ucits fund.
The Newscape Dynamic Rates and Currency Fund will target an annualised return of 12 to 15 per cent with annualised volatility expected to be around 10 per cent.
The fund will invest in the currencies and interest rates of OECD countries and is Ucits approved with daily liquidity, offered in Euro, GBP, Swiss Franc and US Dollar share classes.
While many investors have a large exposure to fixed income and equity asset classes, few have any capital committed to active investment in the largest
The US Commodity Futures Trading Commission has charged Michael Anthony Jenkins of Raleigh, North Carolina, and his company, Harbor Light Asset Management (HLAM), with operating a Ponzi scheme for the purpose of trading E-mini S&P 500 futures contracts.
From at least January 2011 through January 2012, the defendants fraudulently solicited at least USD1.79m from approximately 377 persons, primarily located in Raleigh, NC, in connection with the scheme, according to the complaint.
The CFTC complaint also charges Jenkins, the owner and president of HLAM, with embezzlement and failure to register with the CFTC as a futures commission merchant. Furthermore, Jenkins allegedly
EMCO Capital Advisers is launching a Cayman registered alternative investment fund focused on investment in late night licensed venues in the UK.
The fund is aiming for exceptional returns to investors over a rolling two-year cycle.
EMCO Alternative Property Fund has been structured to achieve principally capital growth and some additional return from income via a portfolio of freehold entertainment venues in three ways:
1) Capital growth arising from the relicensing of premises whose license has been lost or withdrawn
2) Income arising from the granting of operating leases to EMCO Leisure Ltd (the venue operator) which will operate the
It looks like European regulators are continuing to seek to limit the instruments that UCITS funds may invest in, with unregulated hedge funds the next out-of-bounds category.
A legal update released by Dechert LP this week refers to a formal opinion published by the European Securities and Markets Authority (ESMA) on 20 November 2012 related to Article 50(2)(a) of the UCITS Directive, which permits UCITS to invest up to 10 per cent of its net assets in transferable securities and money market instruments.
A number of national regulators including the Central Bank of Ireland and the CSSF in Luxembourg have interpreted
Chi-X Australia, a wholly owned subsidiary of alternative trading venue operator Chi-X Global, has announced that Peter Fowler will step down as chief executive in early 2013.
He will, however, continue in his role as a director on the board of Chi-X Australia.
Chi-X Global is currently undertaking a global search and evaluation process for a successor, who is expected to be in place before Fowler’s (pictured) departure.
“On behalf of the board and everyone at Chi-X Global, I would like to thank Peter for his myriad contributions over the past five years, as his leadership, knowledge and tenacity have
Sumitomo Mitsui Trust Bank (SMTB) has completed the acquisition of the global asset services division from Daiwa Securities Group.
The global asset services division comprises Daiwa’s fund administration/Ucits management company, custodian, trustee and authorized corporate director entities domiciled in Ireland, UK and Cayman Islands, including the activities in Hong Kong.
The main clients of global asset services are international asset managers and promoters whose investment strategies include hedge funds, funds of funds and private equity funds.
The acquisition, now branded as SuMi TRUST Global Asset Services, allows SMTB to expand its activities into servicing alternative investment funds. The group already
Eamonn McConnell and John H Walker have joined Kensington Capital Partners as managing directors.
McConnell has lead responsibility for the Kensington Hedge Fund, while Walker leads Kensington’s infrastructure business.
Together with current Kensington managing directors Tom Kennedy and Rick Nathan, McConnell and Walker serve on the Kensington Investment Committee responsible for all investment decisions of the Kensington Funds.
"We are excited to welcome two strong new partners to our Kensington leadership team," says Kennedy. "Eamonn and John each provide complementary perspectives to our investment decision making process."
Market Vectors Index Solutions (MVIS) has launched the Market Vectors Hedge Fund Beta Indices, a set of four regional and two global indices of long/short equity hedge funds.
The regional long/short equity indices cover developed Asia, emerging markets, North America and Western Europe.
The global indices cover global long/short equity and global event long/short equity.
Each index seeks to capture the systematic returns (“beta”) of hedge funds with similar investment styles that invest in the same asset classes and same geographic markets.
Market Vectors Hedge Fund Beta Indices employ a patented rating and ranking system that filters out funds with
The AIM-quoted investment group China Private Equity Investments Holdings Limited (CPE) has agreed to develop a strategic partnership with Hong Kong-based Gen2 Capital Partners Limited, an independent asset management firm with assets under management of approximately USD500million.
The move is intended to boost CPE’s growth potential by marrying its own private equity experience with Gen2’s proven investment and risk management processes in the Greater China region.
As part of the agreement, CPE intends to appoint David Kiang, a Gen2 senior advisor, to the CPE Board as a Non-Executive Director.
CPE has already reviewed the current portfolio of assets
Alternative strategies within a Ucits framework continued to see improving demand in the third quarter, with growth in both the number of funds and assets under management, according to the Alceda Quarterly Ucits review produced by independent structuring specialist Alceda Fund Management.
Tracking the Absolute Hedge Global Ucits Index, the review revealed that the sector grew by 2.4 per cent from 292 funds at the end of Q2 to 299 funds at the end of Q3, with 11 fund launches and four fund closures in the quarter.
In addition, the review showed assets under management of the funds in the
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