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Standard Life Investments (SLI) has completed the launch of its best-selling Global Absolute Return Strategies portfolio (GARS) to European investors.
Structured as a sub-fund forming part of Standard Life Investments’ Luxembourg-domiciled SICAV range, the Fund is now available in Denmark, Finland, Germany, Ireland, Luxembourg, The Netherlands, Norway, Spain and Sweden. The SICAV version is now also available in the United Kingdom, where a unit trust structure has been in place since 2008.
GARS seeks to deliver an absolute return similar to what might be expected from equities in the long-term, but with significantly less risk. This is sought through a
Credit Suisse has appointed Dale Westhoff as Global Head of Structured Products Research, based in New York. Westhoff brings significant experience and will focus on delivering the Bank’s exceptional research in mortgage-backed securities, asset-backed securities and other structured products to clients.
Structured Products is one of Credit Suisse’s best performing businesses, continuing to garner significant market share and top ratings from clients. Westhoff will help strengthen this leadership position in his role as Global Head of Structured Products Research. He will continue to develop the Bank’s market-leading suite of structured product analytics, with a particular emphasis on Credit Suisse’s highly
Counterparty risk exposure has been something of a boon for Deutsche Bank’s prime finance division in Asia.
Superfund, the Vienna-based managed futures firm established by Christian Baha in 1995, is planning to increase alliances with Japan’s major securities broke
As Singapore ushers in the New Year, so a new chapter beckons for Hiroshi Yoh (pictured) who has decided to join one of the Lion City’s hedge fund managers, Janus Cap
For Patrick O’Brien, a partner of ADM Capital Europe LLP, Kazakhstan holds investment potential into distressed companies every bit as huge as the country.
New York-based Tiger Asia Management, one of the so-called “tiger cubs” that received seed capital from Julian Robertson, has expressed its disappointment at the fund&r
GMP Investment Management is to launch of the GMPIM Equity Opportunities Fund (EOF), a long/short equity fund that focuses on the Canadian and US investment universe.
EOF will adhere to GMPIM’s overall investment goals, which are to preserve investors’ capital, manage volatility and provide attractive returns. The fund will implement five core strategies – with broad sector representation – able to take advantage of all market conditions. Portfolio Managers Keith McLean (pictured) and Daniel McClure have over 30 years of combined capital markets experience and will manage the fund.
"The objective of the EOF is to generate superior risk-adjusted
NYSE Euronext (NYX) has announced plans to harmonise its range of indices in Paris to further enhance visibility and liquidity for both issuers and investors.
The changes have been approved by the Expert Indices Committee of NYSE Euronext in Paris and will take effect on 21 March 2011. They include extending rules used to manage the CAC 40 index to all market-wide indices for NYSE Euronext in France, removing some indices with limited added value, and revising others to better represent the market’s three main segments: small, medium-size and large capitalisations.
The CAC 40 is the leading benchmark for
The US Commodity Futures Trading Commission (CFTC) has obtained more than USD84 million in disgorgement and civil monetary penalties in a federal summary judgment order against defendants Charles E. Hays and his company, Crossfire Trading, LLC (Crossfire), both of Rosemount, Minnesota.
Judge Donovan W Frank of the US District Court for the District of Minnesota entered the order requiring the defendants to pay USD19,977,250 in disgorgement and a USD64,779,751 civil monetary penalty for operating a commodity pool Ponzi scheme from January 2001 to February 2009.
The order stems from a CFTC complaint filed on February 5, 2009, charging Hays
