20 October 2013: Long/short equity emerging market
specialist Finisterre Capital this week announced the launch
of a standalone UCITS-compliant fund in response to client
demand stemming from Solvency II requirements. (Source
22 October 2013: Schroders has launched the Schroder
GAIA Cat Bond on its UCITS platform.The new fund invests
globally in catastrophe (cat) bonds (minimum 80 per cent)
and other tradable insurance-linked securities (ILS). The
fund’s exposure will be primarily in regions with a high
concentration of insured wealth such as the US, Western
Europe and Japan.
The fund will be managed by Daniel Ineichen, who has been
manager of the NGAR Secquaero ILS Fund since inception in
May 2011. (Source HedgeWeek).
3 October 2013: Amber Capital has launched Amber Equity
Fund – a UCITS version of the Amber Italia Equity Fund – on
the Alpha UCITS platform.
The Amber Equity Fund is managed by Amber Capital Italia
SGR, a Milan based asset management company regulated
by the Bank of Italy. The company was established by Joseph
Oughourlian, founder of the Amber Capital Group, the
investment firm founded in 2001 with main offices in London
and New York.
The Amber Italia Equity fund, incorporated in Italy as an
approved domestic fund almost four years ago, was already
managed by Giorgio Martorelli, portfolio manager of Amber
Capital Italia, according to rules very similar to those of a
UCITS fund. (Source HedgeWeek).
30th September, 2013: The independent UCITS platform,
MontLake announced the launch of the FVC Alternative Risk
Premia UCITS Fund. Based in London, Future Value Capital is
a quant macro specialist focused on Alternative Risk Premia.
The fund which launched with 20m USD in seed capital will
be the first addition to MontLake in the macro space.
Tom Sandell’s Castlerigg Merger Arbitrage UCITS fund was
selected as the Best Performing Risk Arbitrage Fund for
2012. (Source Montlake).
29 September 2013: Schroders has launched the externally
managed Schroder GAIA Avoca Credit fund on Schroder GAIA,
the firm’s dedicated alternative UCITS platform. The fund
is a fundamental credit long/short fund and is scheduled to
launch in November 2013. Simon Thorp and James Sclater
from Avoca Capital Management LLP will manage the fund.
Avoca’s existing UCITS fund, the Avoca Credit Absolute
Return fund will merge into Schroder GAIA Avoca Credit at
launch. (Source Opalesque)
30 September 2013: Morgan Stanley announced a
partnership with Longchamp Asset Management, a Frenchbased
asset manager that specializes in the distribution of
UCITS hedge funds, and La Française AM, a multi-specialist
asset manager with a 10-year track record in alternative
16 September 2013: Avoca Capital has launched a long-only
convertible bond fund, Avoca Convertible Select Global, a
UCITS compliant Luxembourg SICAV offering daily liquidity.