Fri, Jul 31, 2015
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. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner