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Fitch Ratings says that European Absolute Return (AR) and Multi-Asset Flexible funds did not always perform well and provide investors with sufficient downside protection during the market volatility this month.
European AR funds lost 2.5% and Flexible funds lost 7.6% in the first three weeks of August, according to aggregate data from Lipper. This results in a year to date negative performance of -3.5% and -8.9%, respectively. Not all funds in the top quartile of European AR funds have managed to preserve capital year to date. Flexible funds avoided 70% of the August market decline. However, only half of them
Touchstone Investments has added to its alternative investment offering with the launch of the Touchstone Merger Arbitrage Fund. The fund will be sub-advised by Longfellow Investment Management Co., which also serves as sub-advisor to the Touchstone Short Duration Fixed Income Fund.
The Touchstone Merger Arbitrage Fund seeks to achieve positive returns regardless of market conditions over the long-term. It primarily invests in securities of companies that are involved in publicly announced mergers and other corporate reorganisations. Merger arbitrage is an investment strategy that seeks to capture the "arbitrage spread" represented by the difference between the market price of the securities
It’s been a good four months for Morgan Stanley’s Dublin-based UCITS platform, FundLogic Alternatives.
Leading hedge fund administrator SEI this week launched a set of online tools to help managers meet new requirements under the UCITS IV Directive.
June saw UCITS funds get hit with net outflows of EUR29billion over investor concerns of the continuing economic woes in Europe and the US according to the latest figures released by EFAMA.
The Investment Management Association has published a guide for investors on the Key Investor Information Document (KIID) reported IFA Magazine this we
The Grand Court of the Cayman Islands has, for the first time in the context of a failed investment fund, has found two directors guilty of wilful neglect or default in the discharge of their duties.
The proceedings, brought by the Joint Official Liquidators of the failed investment fund, Weavering Macro Fixed Income Fund (the Fund), sought damages against each director flowing from their decision not to take any, or any meaningful, role in the business of the fund, and their decision to simply sign documents which were put before them, without applying their minds to their content.
Like many
Total capital invested in Emerging Market-focused hedge funds increased by USD1.4 billion during the second quarter, including new capital inflows of over USD300 million and performance-based returns of USD1.1 billion, according to data released today by HFR (Hedge Fund Research, Inc).
The second quarter represents the fourth consecutive positive quarterly inflow as well as the fourth consecutive quarterly increase in overall Emerging Markets (EM) hedge fund assets, and brings total assets invested in EM hedge funds to USD123 billion, a new record.
Recent inflows have occurred against a backdrop of increasing structural divergence between developed and emerging markets. Contributing factors
Representatives from Guernsey Finance visited China last week to further strengthen relationships in Shanghai and Beijing.
Peter Niven (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry internationally and Fiona Le Poidevin, Deputy Chief Executive, spent two days in Shanghai and three days in Beijing.
Their itinerary included a visit to the Island’s representative office which was established in Shanghai at the end of 2007, as well as meetings with several Chinese banks, the China Banking Regulatory Commission (CBRC), the Shanghai Stock Exchange (SSE), the China Trustee Association and the Shanghai Bar Association.
In
Jersey Finance chief executive Geoff Cook on the latest developments in the island’s fund industry post AIFMD…
When I last wrote about the Jersey Funds sector in April of this year, issues and concerns surrounding the Alternative Investment Fund Managers Directive (AIFMD) were finally beginning to settle down, and we found ourselves in a situation where we could move forward.
Since then, the AIFMD has come into law and Jersey’s Private Placement regime continues to facilitate EU business. For those requiring AIFMD compliant access to EU markets, activity to achieve the criteria to participate in the passporting scheme is well
