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Stenham Asset Management has had two of its funds, Stenham Gold and Stenham Trading, ranked in the Top 10 Performing Fund of Hedge Funds category by BarclayHedge.
The Stenham Gold Fund was launched in 2003 and has achieved an annualised compound return (USD) of 18.88 per cent over five years with a volatility of 23.67 per cent. Stenham Gold invests in gold bullion and gold hedge funds, with assets under management as at September 2010 of USD102m.
Jaspal Phull, portfolio manager, says: “The fund enables investors to benefit from the portfolio protection provided by gold but with less volatility. In
Irish authorised UCITS will still be eligible for investment from Chilean pension funds, according to a recent statement released by the Irish Funds Industry Assoc
Cantab Capital Partners, a Cambridge-based systemic global macro hedge fund with assets in excess of USD1billion, is prep
London-based Matrix Group, one of the UK’s leading financial services businesses with around USD5.9billion in AUM, confirmed this week that it had rotated its Matrix Asia UCITS Fund
A new report by London-based KdK Asset Management has found that UCITS funds of funds are struggling to attract assets, i
Vienna-headquartered Erste Group Bank, one of the largest financial services companies in Central Europe with over 17mill
Derivatives exchange Eurex will offer futures contracts based on dividends of Swiss companies starting on 30 November 2010.
The new contracts are based on dividends from ABB, Compagnie Financière Richemont, Roche, Credit Suisse Group, Nestle, Novartis, Schweizerische Rückversicherungs-Gesellschaft, Swisscom, UBS and Zurich Financial Services.
All underlying firms are part of the Swiss blue-chip index SMI.
“The listing of our new Swiss single stock dividend futures reflects the growing demand by investors for exchange-traded and centrally cleared products. Based on the success of our listed dividend futures, our customers have expressed further interest in Swiss-based contracts. Our new offering enables investors
Third party funding, where investors who have no other connection with litigation support legal claims in exchange for a financial return, is starting to take-off in the UK with a number of funds having been set-up to invest specifically in litigation.
This is according to a report into third party litigation funding commissioned by City law firm Fox Williams and undertaken by legal market research company Jures.
The Fox Williams report profiles the third party litigation funding market following the publication of Lord Justice Jackson’s Review of Civil Justice Costs earlier this year and his broad endorsement of this method
KBC has signed an agreement with funds managed by affiliates of Fortress Investment Group to sell them the US life settlement portfolio held by KBC Financial Products.
The transaction is not material to KBC Group’s results and does not impact KBC’s Tier-1 ratio.
KBC Insurance Derivatives is a New York-based specialised business line of KBC Financial Products that stopped originating premium finance loans and acquiring new assets in the life settlements space in September 2008. Premium finance loans provide funds to owners of life insurance policies to pay the premiums on their life insurance policies. The portfolio was earmarked at
Absolute Life Solutions, a financial services firm focused on the creation of cash liquidity for seniors and insurance industry focused investors, plans to pursue the formation of a portfolio of insurance policy assets via acquisition of individual policies and discounted bundles of policy portfolios.
"We believe that now is an excellent time to be entering the life settlements market," says Moshe Oratz, chief executive officer of Absolute Life Solutions.
"Hedge funds and other private equity investors who amassed portfolios of policies need cash flow as they continue to weather the current financial crisis. The diminished capacity of these funds to
