Tue, Sep 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Newedge to act as Swap counterparty to NEF's Ucits funds

Monday, January 14, 2013
Opalesque Industry Update - Newedge, a global leader in multi-asset prime brokerage, execution and clearing services, announced that the firm has been appointed as swap counterparty to the NEF Blue Mountain (GMTI) Fund and NEF Nordic Power Index Fund.

The new funds are Irish-domiciled and have been authorised as UCITS compliant. They are managed by NEF Asset Management, a Norwegian-based fund manager specializing in investments on commodities and the Nordic power market.

Andrew Dollery, Director, Origination & Structuring for UCITS funds at Newedge said, “We are excited about working with NEF, one of Scandinavia’s leading alternative investment managers. Today’s announcement is further recognition of our ability to offer clients innovative UCITS compliant services.”

He added: “Through their Nordic Power Fund, NEF are bringing a unique and interesting product to the UCITS investment community.”

Alexander Troxler Aarøe, Investment Director, NEF Asset Management added, "We are delighted to appoint Newedge as swap counterparty to these funds. For the first time, we are able to offer investors exposure to our trading strategies in a UCITS-compliant format. We believe the products will add important diversification benefits to many traditional investor portfolios.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style