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Centurion Fund Managers has obtained regulatory approval from the CSSF in Luxembourg for its fourth open-ended longevity fund, the first in the market to combine macro and micro longevity.
The professional investor fund, which is called the Centurion Longevity Fund, targets an annual return of six to nine per cent with low volatility and minimal correlation to the stock markets.
Centurion says investing in both macro and micro longevity products provides investors with more diversification and lower volatility and risk when compared to the more traditional micro longevity funds.
At the micro level the fund gives investors exposure
Characterised by election fever, 2010 will see changes to the flow of funds, an increase in the use of Ucits wrappers by hedge funds and an opportunity for growth with defined contribution pensions, according to Tom Brown, European head of investment management at KPMG.
Brown says there is a risk of some substantial falls in asset prices in some markets this year.
Since the trough of March 2009, there have been huge price rises, often 50 per cent or more. As the government takes its foot off the gas in terms of support, Brown says prices may take a tumble.
Point Nine, a provider of middle and back office services, has appointed Jeff Kushner as a non-executive member of the board of directors.
Kushner (pictured) is currently chief executive of BlueMountain Europe.
His background includes heading up the managed CDO business and leading the trade execution function covering all traded products at BlueMountain Europe, as well as a variety of trading roles within the structured credit team at ING Financial and Merrill Lynch.
“I am very excited to join the team at Point Nine,” says Kushner. “The experienced team has continued to develop and enhance their product during the most
Edhec-Risk Institute has launched a risk and investment management programme after a survey found that further education was needed to close the gap between real-word practice and research.
The Executive MSc in Risk and Investment Management will provide experienced practitioners with a 17-month part-time programme.
It builds on the results of an Edhec-Risk Institute survey of 229 financial institutions, which found that investment professionals were aware of research advances but that only a minority of institutions actually used advanced techniques and more often than not in ways inconsistent with sound risk and investment management.
The survey identified major inefficiencies in
The international derivatives exchange Eurex will launch equity options based on 30 of the most liquid British stocks on 18 January 2010.
With this new product suite, Europe’s largest derivatives exchange will for the first time offer British pence denominated equity options with home market settlement.
The new UK equity options will be physically settled in the Crest system of Euroclear UK & Ireland.
Peter Reitz (pictured), member of the Eurex executive board, says: “This launch represents an important step in our strategy to continuously expand our product offering with new contracts. The new UK equity options extend our broad
Barclays Capital, the investment banking division of Barclays Bank, has listed the iPath Dow Jones-UBS Commodity Index Total Return exchange-traded note on the Singapore Exchange.
This is the first-ever ETN listed in Asia outside Japan and provides both institutional and retail investors with exposure to a broad range of commodities during the Asian time zone.
iPath ETNs were first launched by Barclays Capital in the US in 2006 and are designed to provide investors with convenient access to the returns of market benchmark indices, less investor fees. The iPath ETNs are senior, unsecured, unsubordinated debt securities linked to the performance
The RBC Hedge 250 Index had a net return of 1.02 per cent in November, bringing the year-to-date return of the index to 18.48 per cent.
These returns are estimated and will be finalised by the middle of next month. The return for October 2009 has been finalised at -0.18 per cent.
The best performing strategy in November was managed futures, which gained 3.50 per cent.
Also posting positive performances were fixed income arbitrage (1.29 per cent), equity long/short (0.90 per cent), macro (0.57 per cent), credit (1.39 per cent) and mergers and special situations (1.54 per cent).
The worst
Alan Brown, Chief Investment Officer (pictured) and Keith Wade, Chief Economist, Schroders, share their views on the potential factors that could derail the global economic recovery and argue the case for greater portfolio diversification.
We predict that the current global rally is likely to continue into 2010 with emerging markets leading the economic recovery, whilst the sweet spots of low interest rates and rising profits should continue to drive assets through 2010. However, there are a number of potential monetary and economic factors that could de-rail the recovery. Schroders therefore recommends a more dynamic approach to asset management involving greater diversification and
SEI is collaborating with long-standing partner RiskMetrics Group to provide its clients with independent risk management and reporting services that will integrate directly into the company’s flexible Manager Dashboard tool.
The new offering enhances SEI’s risk management solution and further addresses investment managers’ needs for greater transparency and detailed risk reporting amid growing investor demands and regulatory complexity.
As a result of the affiliation, SEI’s investment manager clients will be able to join RiskMetrics’ HedgePlatform Community, a network of hedge fund managers, fund of hedge fund managers and institutional investors.
As members of the HedgePlatform Community, SEI’s clients will
The administrator’s time has come. Once a relatively obscure part of the asset management industry, administration is now in the front line of services to hedge funds.
