Friday, 26 December 2014
Last updated 2 days 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.