Wed, Oct 1, 2014
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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is