10 May 2012 Cheyne Capital, London, has launched two new Ucits hedge funds: the Cheyne European Real Estate Bond Fund and the Cheyne Global Credit Fund. Cheyne Capital is an European alternative investment manager, with assets under management of $6.3 billion and around 140 employees. They manage already an absolute return convertible fund in a Ucits format. Although [...]
LGT Crown Multi-Strategy UCITS
10 May 2012 LGT Capital Partners, Switzerland, has launched a multi-strategy Ucits hedge fund of funds. The fund is called Crown Multi-Strategy UCITS. LGT has taken the indexing approach, unlike other fund of funds, which invest directly in underlying single Ucits funds. Instead, they invest directly on their internal managed account platform. Theoretically, this approach should lead to higher returns, as the underling managers are not [...]
Performance April 2012: -0.44% Single funds, -0.64% FoFs
8 May 2012 Performance: Alternative Ucits lost -0.44% in April, bringing its YTD to +1.86% for all single funds based on 951 reporting funds. Fund of funds lost during the month -0.64%, now with a YTD of +0.72% based on 114 reporting funds. Fund launches: We identified in April 10 fund launches. Merrill Lynch / The Rohatyn Group with [...]
Merrill Lynch / Rohatyn Global Emergings Marktes Macro UCITS Fund
23 April, 2012 Merrill Lynch has launched with The Rohatyn Group the MLIS TRG GEM UCITS fund, another global macro alternative UCITS fund on their platform. The Rohatyn Group is a private asset management company specialised in emerging markets investment strategies with around USD 3 billion under management. Managing hedge funds, fixed income, and private equity strategies. Investment Strategy “TRG’s hedge funds [...]
March 2012: Down -0.65%, YTD positive +2.24%
Performance: Alternative Ucits lost -0.65% in March, bringing its YTD to +2.24% for all single funds based on 938 funds reporting. Fund of funds lost during the month -0.40%, with a YTD of +1.43% based on 102 reporting funds. Fund launches: We identified in March 7 ucits fund launches. Man/GLG with a systematic commodity and an equity long/short Ucits fund covering the [...]
GLG Financial Alternative Ucits
March 22, 2012 GLG/Man Investments is in the preparation to launch an equity long/short Ucits focusing on investments in the financial sector. The fund is named GLG Financial Alternative and will be managed by Stephen Holliday, who runs already a Cayman offshore version. Below are the the returns against the sector average for the offshore version. Sector Fund 2007 7.84 21.18 2008 [...]
BlackRock Americas Diversified Equity Absolute Return
March 21, 2012 BlackRock has launched a Luxembourg domiciled Ucits equity market neutral fund investing in equities in Canada, U.S., and Latin America. The fund will invest at least 70% of its investment exposure in equities. The fund will be highly diversified through 2000-3000 positions, either by taking long, synthetic long or synthetic short investment exposures. The fund [...]
Alpha UCITS / GSB Equity Market Neutral Fund
March 20, 2012 The Alpha Ucits platform has launched a global equity statistical arbitrage fund, the GSB Equity Market Neutral fund. The strategy uses share price mean-reversion and price momentum based trading across a universe of more than 3’000 stocks globally. The founder of New York based GSB Podium Advisors, Shenbei Guo, ran Deutsche Banks’s equity statistical arbitrage trading desk from 1997 to 2006. The investment [...]
Lyxor / Caxton HAWK Strategy Index Fund
March 15, 2012 Lyxor has launched a Ucits CTA with Caxton, an emerging markets focused trend following CTA manager, on the Lyxor UCITS dimension platform. According to the manager, the investment case for trend following CTAs in emerging markets is that in the past trends have experienced longer and stronger trends than in developed markets. The HAWK strategy has already a track record since 2006 on the managed account platform of Lyxor. [...]
Amundi Funds Absolute Volatility Arbitrage Plus
March 13, 2012 Amundi has launched a new Volatility Arbitrage Ucits fund called Amundi Funds Absolute Volatility Arbitrage Plus with a target maximum annual VAR of 8-10%. Launched on December 19, 2011, the fund is pending approval. The fund is simply a levered version of the EONIA +2% version, the Amundi Funds Volatility Arbitrage, and the EONIA +1% version, the Amundi Arbitrage Volatilité. The [...]
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Cheyne Capital with two Ucits launches: Real Estate Bonds and Corporate Credits CDS
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LGT Crown Multi-Strategy UCITS
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Performance April 2012: -0.44% Single funds, -0.64% FoFs
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Merrill Lynch / Rohatyn Global Emergings Marktes Macro UCITS Fund
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March 2012: Down -0.65%, YTD positive +2.24%
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GLG Financial Alternative Ucits
