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The fourth fund on Matrix’s UCITS platform was launched this week: the Cantab Quantitative UCITS Fund, a systematic global macro fund.
London-based LNG Capital is preparing to launch a UCITS-compliant version of its flagship LNG Europa Credit Fund reported HFMWeek this week.
Old Mutual Asset Managers is preparing to launch a new UCITS fund for manager Simon Murphy in the fourth quarter this year, subject to regulatory approval.
Fund information provider Morningstar has dropped its use of ‘Absolute Return’ to classify UCITS funds available in Europe and Asia and replaced it with 18 new classifications re
Fitch Ratings said in a recent report that uncertain market liquidity or the inability to fully deploy leverage may make some credit hedge fund-like strategies less than compatible with a UCITS structure. The agency says many credit hedge fund strategies are now largely available in a UCITS format (commonly referred to as NewCits).
Fitch estimates that the total assets under management (AuM) of European credit UCITS funds, which have an absolute return objective and employ hedge fund strategies, is approximately EUR20bn.
The attractiveness of promised de-correlated credit returns and the safety of a regulated format have driven the growth
Over the past two years, Merlin has published several white papers that are designed to highlight and help managers implement industry best practices – from shoring up their business model to identifying their target investors based on the development stage of their fund.
In continuing with this theme, our latest white paper discusses the importance of business process automation within an asset management firm at all stages of development and how these organisations can measure their current processes versus investor expectations.
It is critical that business process maturity and automation evolve over the life of a fund in a disciplined
Aquila Capital has launched a new, UCITS compliant CTA fund to the UK market. The AC Spectrum Fund is a liquid futures fund and is one of the first of its kind to offer daily rather than weekly liquidity.
The new fund is a fully systematic trend follower that targets a return of 18% to 20% per year with 15% volatility. The AC Spectrum Fund has shown strong performance in 2011. In the month of August the fund returned 9.88%, with a return of 9.44% since inception¹.
The fund exploits a number of proprietary, rule based strategies that have
The RBC Hedge 250 Index had a net return of -2.41 per cent in August., bringing the year-to-date return of the Index to -1.45 per cent.
These returns are estimated and will be finalised by the middle of next month. The return for July 2011 has been finalised at 0.34 per cent.
The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry. The Index operates in accordance with a unique construction methodology. The Universe on which the Index is based currently consists of 4,177 hedge funds (excludes funds of hedge funds) with
JP Morgan has been selected by investment management firm FFCM LLC to provide a suite of securities services, including fund administration, fund accounting and custody, along with prime custody services, for its newly launched family of equity ETFs, QuantShares.
The QuantShares ETFs will be “market neutral,” holding both long and short positions in approximately equal dollar amounts. They are among the first ETFs that will engage in shorting physical securities. FFCM LLC has also chosen JP Morgan Clearing Corp as prime broker for four of its seven new funds.
“We are pleased to be launching these funds that will leverage JP
Jersey Finance has welcomed the news that the EU Code of Conduct Group has given its approval to Jersey’s proposed amendments to its business tax regime.
The Group met yesterday (13th September) and announced that they accepted moves made by Jersey to remove the deemed distribution and attribution elements of the ‘zero-ten’ regime – elements they had deemed harmful – in order to fully satisfy the Code’s criteria. It now remains for the Group’s decision to be ratified by ECOFIN in December, when the Polish Presidency comes to an end.
Geoff Cook (pictured), chief executive, Jersey Finance, says: “This is
