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The IMA has voiced concerns that different jurisdictions are allowing managers greater flexibility when reporting fund charges in the Key Investor Information Documents (KIID) under UCITS IV report
Pictet Asset Management announced this week the launch of its latest Lux-domiciled UCITS fund.
Germany’s Universal-Investment has announced the acquisition of SEB Master KAG, a UCITS platform, a move which Universal-Investment spokesperson Bernd Vorbeck said will strength
Oslo-based DNB Asset Management, the fund management arm of DNB, has decided to take advantage of its specialist knowledge of its domestic market by launching a Norway-focused absolute retur
The equity weighting of the Dow Jones Golden Crossover US Large-Cap Total Stock Market Index is to increase over the next four days to 100% from 25%.
Previously, the remaining 75% had been allocated to US T-Bills.
The index’s quantitative and rules-based algorithm has signalled the start of an upward-trending market condition. The indication, called a “Golden Cross”, occurs when a market’s 50-day moving average crosses above its 200-day moving average.
The Dow Jones Golden Crossover US Large-Cap Total Stock Market Index applies the “Moving Average Crossover System” to US large-cap equity securities. Based on a risk-based methodology,
The Hedge Fund Standards Board (HFSB) has agreed a series of changes to make its Standards more international and to strengthen them in the light of the financial crisis.
The amendments, which follow a consultation with investors and managers, pave the way for an HFSB drive to increase support among investors and hedge fund managers in the US and Asia.
Reflecting the growing international focus, Towers Watson, the global investment consultant, has recently become a Core Supporter of the HFSB. Goldman Sachs Hedge Fund Strategies, a business within the Goldman Sachs’ Alternative Investments & Manager Selection group, Grosvenor Capital
HSBC has launched a High Net Worth & Institutional share classes for the HSBC Next Generation Fund.
The HSBC Next Generation Fund invests in new and upcoming hedge fund managers globally aiming for an annualised target return of 12% to 15% over a market cycle with target volatility of 8% to 10%. The Fund offers monthly liquidity.
The HSBC Next Generation Fund is a concentrated portfolio comprising of 10 to 15 emerging managers investing across all hedge fund strategies. The underlying managers must have sound industry reputation and a proven track record at investment banks and established hedge funds.
In a research paper published in the Winter 2012 issue of the Journal of Alternative Investments, entitled “Optimal Hedge Fund Allocation with Improved Estimates for Coskewness and Cokurtosis Parameters,” EDHEC-Risk Institute has provided insights into optimal portfolio decisions involving hedge funds.
Drawn from research conducted as part of the “Advanced Modelling for Alternative Investments” research chair at EDHEC-Risk Institute, supported by the Prime Brokerage Group at Newedge, the paper presents an application of the improved estimators for higher-order co-moment parameters, in the context of hedge fund portfolio optimisation.
The authors find that the use of these enhanced estimates generates a
South Korea-based Truston Asset Management is preparing to launch a pan-Asia long/short equity fund from its Singapore office reported <
Dan McNicholas, former director and head of financing sales for Global Mark
