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More than 200 hedge fund offerings now comply with Ucits III guidelines, according to Hedge Fund Research, a provider of data and analysis of the hedge fund industry.
The number has grown rapidly in the last 18 to 24 months, before which time few hedge funds offered Ucits III products to investors.
Total hedge fund assets under management in Ucits III compliant funds now exceed GBP35bn.
Undertakings for Collective Investment in Transferable Securities are a set of European Union directives that allow investment funds to distribute throughout the EU on the basis of a single authorization from one member state;
After a sometimes nervous period of retrenchment and consolidation, service providers to the hedge fund industry in the British Virgin Islands such as administrators and law firms are moving
Ace Fund Services Inc. offers fund administration services in the BVI and is part of the Patton Group.
While the British Virgin Islands have been affected by the crisis of the past couple of years, like all international financial centres around the world, it appears to be emerging from the tu
Hedge funds posted an estimated outflow of USD3.8bn in December 2009, according to TrimTabs Investment Research and BarclayHedge.
December’s outflow is the industry’s first since July 2009.
At the same time, hedge fund assets grew to a 12-month high of USD1.5trn thanks to an unprecedented ten-month winning streak.
“December’s relatively small outflow is almost certainly seasonal, a product of quarter-end and year-end redemptions,” says Sol Waksman, chief executive of BarclayHedge. “Hedge funds experienced outflows in December in each of the past five years, and we suspect inflows have already resumed.”
In addition, funds of hedge funds posted an estimated outflow
Hector Sants is to stand down from his job as chief executive officer of the Financial Services Authority (FSA).
Last year the British Virgin Islands Financial Services Commission released for public consultation the draft Securities and Investment Business Act.
Knight Capital Group has introduced algorithmic pairs trading capabilities for institutions designed to increase fulfillment rates through improved liquidity sourcing and a flexible interface.
Knight’s pairs trading capabilities include access to Knight’s liquidity in addition to displayed and dark markets using FAN technology.
It has the flexibility for traders to create their own strategies and support for complex pairs trading strategies, including multiple combinations of single securities, inverse pairs and set-up and unwind functionality in a single pair.
"The market environment in 2010 is ideally positioned for pairs trading strategies," says Joseph Wald, managing director, Knight Direct. "After the turmoil
Hedge funds are treating the Chinese markets with awe and fear due to uncertainty over the successfulness of government policy.
Political changes in the US have highlighted the importance of solar energy positioning for hedge funds specialising in environmentally-friendly investments.
