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Salus Alpha and stock analyst Roland Neuwirth have launched a special situations fund, called Salus Alpha RN Special Situations.
Salus Alpha manages the fund and Neuwirth is the adviser.
The fund targets absolute returns independent of market benchmarks adopting a traditional bottom-up stock picker approach.
Salus Alpha RN Special Situations combines a core portfolio of few selected top companies (30 per cent – 40 per cent) and the opportunistical exploitation of opportunities in special situations (zero per cent – 70 per cent).
The fund invests only in companies whose business models have been analysed by Neuwirth and his team.
Alter Domus, a provider of outsourced administration services, has opened an office in Mauritius.
Alter Domus (Mauritius) is a joint venture established between the Alter Domus Group and Altima Group, a Mauritius-based conglomerate.
The new office will provide corporate management services and fund administration services to multinational corporations and alternative investment funds in the region.
Alter Domus will now be present in nine of the principle jurisdictions worldwide, offering its clients services that support accounting, regulatory and compliance requirements of legal entities locally established.
Dominique Robyns, chief executive of Alter Domus Group, says: “Always guided by the evolving
Rex Cowley (pictured), Head of Marketing, at the International division of Close, comments on the renewed interest in Qualifying Recognised Overseas Pension Schemes (QROPS) from British expats and their advisors, following the recent collapse of the Robert Gaines -Cooper case:
For many expatriates the move to a different country is followed by the change of domicile in order to simplify their tax affairs. However, it would seem that many expats still have UK pension contracts, be these defined benefits or defined contribution schemes.
Certain sectors within the advisory community believe that the extent to which many clients have gone with
European markets have remained closed in anticipation of jobs data due to be released from the US, an expert has claimed.
The UK market will be heavily dependent on the manufacturing sector to drive economic recovery, an expert has claimed.
RBC Capital Markets has launched the RBC Total Return US Treasury Index, a benchmark index for investors in US Treasuries with bonds rebalanced on a daily basis.
The index, also known as RBC Trust, is the only US Treasury index that is updated daily, while other indices are rebalanced on a monthly or quarterly basis.
The results provide portfolio managers, mutual fund managers and investors around the world with a real-time view of the US Treasury.
The index has nine different sub-indices and is the only index that covers all points across the yield curve, with issues entering on auction
MCAM Group, a provider of outsourced business solutions for the alternative investment industry, has signed an agreement to manage all aspects of Fusion Asset Management’s product sales, CRM, public relations and marketing operations.
Fusion is a hedge fund manager founded in 2004 by Kirill Ilinski, formerly co-head of JP Morgan’s debt equity relative value group in London.
Fusion has since inception developed several non-correlated absolute return products, including the Fusion Volatility Fund and the Fusion Libor+ Range which provides cash management through a range of target returns and a hedge overlay programme.
Fusion has recently developed a shock absorber system
The National Futures Association has revoked the registrations of Jeremy J. Grena, Nabil P. Niman, Nicholas P. Payne, William M. Rill and Alexander M. Silverman, former associated persons of Pioneer Commodities and Windsor Wealth Management, firms based in Boca Raton, Florida.
A designated subcommittee of NFA’s membership committee issued the final orders revoking registration because the associated persons had misrepresented that English was not their primary language in order to receive additional time to complete the Series 3 examination, a proficiency exam all individuals registering to become an associated person must pass.
The subcommittee declined to revoke the registrations of
Consultant Nigel Carey (pictured) and Senior Associate Rob Milner of Carey Olsen review the history of the funds sector in the Channel Islands and see an industry that has been helped along by key legislative changes and strong, proportionate regulation.
The funds sector in the Channel Islands has developed significantly in the last few decades. From relatively humble beginnings in both islands, the industry has grown to become the lynchpin of the islands’ finance sector, particularly in Guernsey. It has not happened slowly and gradually over time however. In both islands key changes to legislation, either here or in other
Aros Capital Partners, an Anglo Danish investment manager, is launching a UK-managed global altruistic opportunities fund in the second quarter of 2010.
The fund, called Aros Altru, aims to challenge the notion that social benefits are a trade off with commercial returns by offering equity-like returns to its investors.
It will be a closed-end private equity vehicle and the businesses in which it invests will not just be social enterprises but those that have the potential to make a sustained social impact in their communities.
It will target those companies that fall under the radar due to either
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