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Deutsche Bank has launched a Ucits III compliant currency fund, a benchmark index product which offers institutional investors access to broad currency market returns.
The fund, called the DB Platinum Currency Returns Plus Fund, offers exposure to the Deutsche Bank Currency Returns + Index and is available in EUR, USD and GBP.
The DBCR+ Index has been developed to capture the bulk of currency market returns by investing equally into three core investment strategies:
• Carry: exploits differences in interest rates across G10 and emerging markets economies
• Momentum: exploits G10 currencies’ tendency to trend over the short-to medium-term
• Valuation: exploits G10
Denver Alternatives has launched a separately managed account structure that provides alternative investors with enhanced multi-strategy and multi-manager capabilities.
The United Alpha Account offers investors greater control over their assets including increased transparency, incentive fees based on the performance of the overall account, and no artificial liquidity constraints.
Investors have access to any combination of ten different alternative strategies managed in-house by seasoned professionals with strong long-term performance records. Denver Alternatives’ portfolio managers can provide the allocation among these strategies or implement an allocation decision as directed by the client or its consultant. Realignment of individual strategy weights can be
Managed futures managers were able to capitalise on bullish trends in the stock markets and long positions in a number of commodities in August, posting a 0.86 per cent return for the month, according to Lipper Tass.
This brings the sub-strategy’s performance to minus 1.80 per cent since the beginning of the year, and a positive 6.08 per cent for the rolling 12-month window in US-dollar terms.
Systematic trend-following and discretionary managers as well as high-frequency managers delivered solid returns for the month.
The degree of dispersion among individual fund returns increased from the previous month’s reading. A 29.91-percentage-point monthly
Managed futures gained 0.41 per cent in August, according to the Barclay CTA Index compiled by BarclayHedge.
The Wine Investment Fund says investors in its 2004 tranche are receiving returns equivalent to 13.01 per cent per annum over the last five years.
Investors in the 2003 tranche received payouts in August 2008 with a return equivalent to 15.84 per cent pa.
This double digit return, which is in line with TWIF’s stated objectives, has been generated after considering all fees and expenses and despite the correction experienced in the fine wine market in 2008.
Andrew della Casa, director of The Wine Investment Fund, says: “This year’s payout represents a real return in excess of 70 per
Fund of hedge funds manager Oakley Capital has appointed Julita Tonkich as an investment analyst.
Tonkich will be responsible for supporting the portfolio managers of the Oakley Absolute Return Fund.
Prior to joining Oakley, Tonkich was an investment analyst at Millennium Global Investments, where she was actively involved in long/short and event driven hedge fund search and monitoring through qualitative and quantitative research. Preceding this, she was an assistant fund manager at Margetts Fund Management.
Nick Hannan, chief investment officer, says: “We are delighted to have been able to attract someone of Julita’s calibre to Oakley at this
State Street has launched eHorizon, its enhanced global accounting system for asset managers and institutional investors.
The solution delivers new levels of functionality, accommodating multiple accounting bases and providing greater flexibility in managing complex fund structures such as fund of funds, pooling, master-feeder and multi-managed arrangements.
State Street says customers are increasingly looking to outsource their accounting requirements to create operational and technological efficiencies, minimize risk and support new products and global expansion. Global expansion requires that asset managers and owners manage multiple accounting bases, such as GAAP, IFRS and local market tax practices. Since each customer has unique needs,
G2 Systems, a software consulting firm specialising in portfolio management and accounting solutions, has appointed Michael Rodriguez as director of accounting and operations.
Rodriguez is the co-founder of HighRoad Fund Services, a consulting firm that provides functional and system integration solutions to investment managers.
Rodriguez brings to G2 an extensive history of fund accounting and operations expertise. He will provide clients with solutions to workflow and complex investment-processing issues.
“We are delighted to have Michael join our firm,” says George Michaels, founder, G2. “With Michael on board, we now offer clients solid fund administrator and fund accounting consulting services in
Veritas Asset Management is to launch a Ucits III long/short China fund to investors at the start of October.
The Mooring Capital Fund has delivered a total return to investors of 242.51 per cent and a quarterly compounded return of 12.40 per cent per year from inception in June 1999 through 30 June 2009, according to Mooring Financial.
For the same period, the S&P 500 posted an annual compounded return of -1.70 per cent and the Credit Suisse/Tremont Hedge Fund Index reported a quarterly compounded annual return of 6.89 per cent.
The second quarter of 2009 marked the tenth year of operation for the metropolitan Washington, DC-based investment fund.
Mooring Capital Fund is an investment vehicle that acquires and
