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As of 29 October the Salus Alpha Directional Markets VT heads the list of Salus Alpha Funds with a 1.97 per cent month-to-date return.
The fund has returned 7.93 per cent since the beginning of 2010.
The Salus Alpha Managed Futures was up 1.48 per cent for the month to date. The CTAs, global macro and FX managers in the Salus Alpha Managed Futures portfolio profited by continuing trends in equities, FX, interest rates and financials.
The Salus Alpha Commodity Arbitrage rose 1.34 per cent for the month to date. The fund’s result surpassed the result of the
Jersey Finance has welcomed the vote on the compromise agreement for the Alternative Investment Fund Managers EU Directive that was reached by European Parliament.
Geoff Cook, chief executive of Jersey Finance, says Jersey will meet the agreed criteria for ongoing market access into Europe.
“This is fantastic news for our funds industry, and removes any uncertainty that has existed in the market place while the Directive was under discussion. Jersey is also confident that it will be among the first jurisdictions to obtain a passport for non-EU alternative investment funds and managers, when it is introduced in 2015.
“Additionally, the
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
