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SEI has been selected by Monsoon Capital, a US-based alternative asset manager focusing on emerging markets, to provide full fund administration and trustee and custodial services for the firm’s UCITS IV fund.
Given Monsoon’s systematic and quantitative trading approach, SEI’s technology, which delivers a straight-through, automated process for trade reconciliation, was a key factor in the manager’s decision to select SEI. Monsoon will also receive comprehensive data management, performance, and risk reporting via SEI’s Manager Dashboard. The online tool provides Monsoon with the flexibility to tailor reporting to better support the firm’s unique business decision-making process.
SEI’s comprehensive outsourcing solution
Sturgeon Ventures LLP, the regulatory incubator, has established three of its fund manager clients in Malta, a jurisdiction it sees as set to attract an increasing number of start-up financial firms.
Low cost, efficient regulation and access to the European Union are the three key attributes that are putting Malta increasingly on the wish-list of financial firms looking for a regulatory jurisdiction, says Seonaid Mackenzie, Managing Partner at Sturgeon Ventures.
The three clients that Sturgeon has guided to Malta include hedge fund Tertius European Absolute Return, which returned 5.42% in Q4 2011, putting it in the 93rd percentile of
Jersey has extended its funds regime through the introduction of the Private Placement Fund to widen the choice available to investors.
Private Placement Funds are closed ended funds available to a limited number of sophisticated institutional or professional investors. Similar in scope to the existing COBO (Control of Borrowing Order) private funds, the new fund offering is designed for ‘fast track’ approval, usually within three business days.
Private Placement Funds will sit within the COBO framework and will complement the existing Expert Fund regime which also provides a streamlined approval process and has helped position Jersey as a leading European
UK-based Javelin Capital, an emerging markets equity hedge fund backed by Majedie Investments, has launched a UCITS-compliant version of its fund on the SICAV platform established by G
A latest industry report by PerTrac has found that long/short equity is the most popular strategy executed by alternative UCITS funds.
BNP Paribas Securities Services this week announced the launch of a major investment programme to expand its hedge fund and FoHF administration services for both offshore and onshore UCITS f
ML Capital Asset Management has told Hedgeweek in an exclusive that it is preparing to launch a new UCITS fund on its MontLake Platform.
Covenant Financial Services, the management company for the Covenant family of target-return, global macro hedge funds and separately managed accounts, has changed its trade name to “Covenant Global Investors.”
The change was made to better reflect the firm’s current position in the market and the completion of its evolution from a boutique advisory firm started in 1984 to the USD320 million AUM global macro investment manager that it is today.
Over the past year, as Covenant Global Investors has expanded its focus from high net worth investors to include institutions and as its assets have grown to approximately
First more jobs and now a resurgent economy – January has seen President Obama’s undeclared re-election campaign make a dream start, says Marcus Bullus (pictured), trading director at MB Capital…
The fourth quarter GDP figures may have undershot predictions. But any disappointment should be mitigated by one plain truth – they are the best evidence yet that the American economic giant is stirring from its slumber.
The markets had hoped for better – so this solid rather than stellar performance may not be enough to keep this month’s raging bull of a market from charging upwards and onwards.
The international derivatives market Eurex Exchange has exceeded five million contracts traded in the BTP derivatives segment since trading began in September 2009. The segment comprises three futures based on notional short-, medium- and long-term bonds issued by the Republic of Italy (Buoni del Tesoro Poliennali – BTP).
“The extensive use of BTP futures is primarily due to the hedging motives of participants. Uncertainty regarding the development of the euro zone in light of the debt incurred by certain member countries caused a significant increase in volatility on the bond markets in 2011. The yield spread also widened between German
