Thursday, 2 April 2015
Last updated 12 hours ago
Jun 16 2010 | 2:53am ET
With the explosive growth of the UCITS III-compliant hedge fund market, it’s not surprise that every day seems to bring a new fund of UCITS hedge funds.
The latest comes from the Permal Group and Strategic Investments Group. The two firms have launched the Active Trading Fund, which will invest only in UCITS-compliant funds and—in another move designed to assuage cautious investors—only through managed accounts.
“When we surveyed the universe of UCITS funds out there, we found they were not of a standard to meet our requirements,” Permal’s Omar Kodmani told the Financial Times.
Permal has raised US$250 million for the new fund. The firm will select the managers to be included in the fund.
The Active Trading Fund will offer weekly liquidity. State Street will serve as administrator and Deutsche Bank will handle risk management.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…