Wed, Oct 14, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Merchant Capital unveils ‘UCITS-SAFE’Strategy Assessment for hedge fund managers

Wednesday, June 16, 2010
Opalesque Industry Update - Merchant Capital, provider of the leading UCITS III umbrella for hedge fund managers globally, has today announced the launch of its UCITS Strategy Assessment/Feasibility Evaluation (UCITS-SAFE) service, whereby managers with funds with established track records can ascertain whether their strategies will translate efficiently into a UCITS structure.

Merchant Capital (“Merchant”) is supported by Carne Global Financial Services (“Carne Global”) and Kinetic Partners in the execution of the system. Merchant Capital and Carne Global undertake the role of assessing a fund’s invested underlying instruments, exposure and positioning, while Kinetic Partners carries out the appropriate Value-at-Risk (VaR) analysis.

George Cadbury, Director of Funds at Merchant Capital, announced the launch of UCITS-SAFE, saying: "With many alternative investment managers from around the world now exploring the UCITS market, assessing at an early stage whether their funds’ strategies fit comfortably within the UCITS rules is the most important initial step for them. Often managers are given conflicting advice with regards to their strategy’s compatibility. With UCITS-SAFE, we offer an unambiguous, thorough and cost-effective process by which managers can decide on the viability of moving into UCITS.”

Dr Christian Szylar, a Member of Kinetic Partners, said: “Merchant's initiative is an effective solution and particularly appropriate for the current regulatory environment. It will allow asset managers to assess their project within UCITS, the main requirement of which is to comply with global exposure under the VaR approach. A test VaR report will confirm a strategy’s viability.”

Teddy Otto, Principal Consultant at Carne Global Financial Services, added: “As a leader in advising the asset management industry – including many of Europe’s top 20 hedge fund managers – on a wide range of aspects of fund structuring, compliance and regulation, we are close to managers’ needs and concerns. We are pleased to be a part of UCITS-SAFE, which adds an important component to the inventory of compliance tools for hedge fund managers.”

About Merchant Capital
Merchant Capital has recently expanded its existing business significantly through acquisition, including new private wealth management and institutional investment management businesses. In the area of corporate advice, the group has added three experienced teams to supplement its existing expertise in the AIM Plus market. Corporate advisory is also complemented through the launch of Merchant’s first corporate recovery bond, which specialises in the provision of financing to corporations in need of short term capital, but not properly serviced by the banking sector. Merchant Capital Limited is authorised and regulated by the Financial Services Authority.

About Kinetic Partners
Kinetic Partners is a global professional services firm providing forensic, corporate recovery, regulatory risk and compliance, tax and audit and assurance services to the asset management industry. Launched in 2005 as a viable alternative to the ‘Big Four’, Kinetic Partners has grown rapidly, and now has almost 100 professional staff in London, Dublin, Grand Cayman, New York and Geneva. Kinetic Partners services over 800 clients, and has attained its reputation as the leading provider of services to hedge funds worldwide.

About Carne Global Financial Services
Carne Global Financial Services Limited is a leading business advisor to the investment funds industry, with offices in Dublin, London, Luxembourg, Dubai, Geneva, New York and the Cayman Islands. Our services include directorships, independent board and management oversight; compliance and risk management; product development and distribution. Carne clients include leading global asset managers and hedge funds, investments banks, private wealth managers and family offices.

About Undertakings for Collective Investments in Transferable Securities (UCITS)
A UCITS-structured fund is an investment fund that has been established in accordance with the European Union UCITS Directive adopted in 1985. Once registered in one European Union country, a UCITS fund can be freely marketed across the 27 member states. UCITS funds give investors minimum bi-weekly liquidity; daily pricing; assets held by a trustee, not an administrator or a prime broker; an independent fund board; high standards of corporate governance and oversight; and a larger investor base than an offshore fund.


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. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  2. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  3. Other Voices: Why fund boards must develop a response to cyber security and financial crime threats[more]

    This article was written by Carne, an international specialist in the provision of independent governance services and European management company solutions to the global asset management industry. A recent SEC action has highlighted how concerned regulators have become about data intru

  4. Hedge funds relatively resilient in Q3[more]

    Komfie Manalo, Opalesque Asia: Hedge funds fell in the third quarter as market conditions remain challenging, but still outperformed the S&P 500. The Lyxor Hedge Fund index was down 3.6% during Q3 while the S&P 500 fell 8.2%. According to Lyxor, "hedge funds were quite resilient in Q3. Falling en

  5. Hedge funds start Q4 on strong footing reversing the previous market downturn[more]

    Komfie Manalo, Opalesque Asia: Hedge funds started the fourth quarter on a strong footing, reversing the previous market downturn with the Lyxor Hedge Fund Index up 1.1% as of end Oct. 6 (-0.7% YTD). Event-driven outperformed, up 2.2% (-4.2% YTD), and CTAs underperformed (- 1.9%), extrapolatin