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Threadneedle plans to launch the UK Absolute Alpha Fund in quarter four, reinforcing its absolute return fund range.
The Ucits III fund will give co-managers Mark Westwood and Chris Kinder increased flexibility in strategy and fund positioning.
Westwood says: “This is an exciting time to leverage our expertise in delivering absolute returns for our clients. With the dislocations of the past few years still fresh in investors’ minds, the opportunity to add value through fundamental and valuation analysis on a long/short basis remain considerable. The Threadneedle UK Absolute Alpha Fund will use the process and techniques that we have
Stenham Asset Management has expanded its investment team with the acquisition of Montier Partners, a discretionary investment management provider.
The deal was completed on 1 September 2010.
Dominique Montier, founder of Montier Partners, with 33 years’ investment experience, and Jeremy Alun-Jones, chief investment officer of Montier Partners with 26 years’ investment experience, will join Stenham’s investment committee, which will now comprise nine investment professionals.
Alun-Jones will assume the role of managing director, which will allow Kevin Arenson, currently managing director and chief investment officer, to focus exclusively on investment management and risk control.
The rest of the Montier team
Westcore Capital, a brokerage service firm, is set to launch managed futures products and services that will cater to the cash and derivative markets via its alternative investment strategy division.
The division provides services to both retail and institutional investors with full access to the managed futures sector through a direct placement of assets through managed accounts.
In addition to direct placement access, the division will also enter the fund management business in other financial hubs such as that of US and other key cities in Asia.
“By way of this normal expansion of our business, we are benefiting our
Gad Capital, an investment fund and beneficial owner of 6.5 per cent of the common stock of Paragon Technologies, has launched a proxy contest to elect a new board of directors at Paragon’s 15 December 2010 annual meeting.
Gad Capital has nominated the following candidates:
• Sham Gad (pictured): the founder and managing partner of Gad Capital Management and the author of the internationally published book, "The Business of Value Investing."
• Jack H. Jacobs: a principal of The Fitzroy Group, a real estate development firm, and former managing director of Bankers Trust and founder of AutoFinance Group. He is on the