Tuesday, 23 September 2014
Last updated 12 hours ago
Jul 25 2011 | 7:54am ET
Luxembourg-based Next Generation Absolute Return, a specialized UCITS investment management business, has launched the Next Generation UCITS Boutique Select Venture.
The venture targets specialized boutique investment management firms with a proven non-UCITS alternatives fund management track record and gives them “a complete UCITS solution,” including a mandate to manage a UCITS fund, early stage capital— provided by the Next Generation ACATIS UCITS Boutique Select Fund, managed by German-based ACATIS Investment—and marketing.
Next Generation will source managers via a number of channels including the portfolio of managers seeded by leading hedge fund investors. Managers will be vetted and screened by a Next Generation committee headed by Arnold Sternberg, former head of seeding and hedge fund investments for aeris CAPITAL.
Portfolio construction and final manager selection will be the responsibility of a Next Generation investment team headed by ACATIS Investment CEO, Hendrik Leber.
“The idea for the venture originated from the recent and successful launch of the Next Generation Secquaero ILS Fund, where Secquaero Advisors was selected as the funds advisor based on their proven and successful non-UCITS ILS fund management track record,” said Leber in a statement.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.