20 Nov 2012
MainStay Investments launches alternative strategy fund of funds
MainStay Investments, a Barron’s top fund family and a New York Life company, has launched the Private Advisors Alternative Strategies…
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Regulators’ plans may not stabilise financial services industry, say bosses
Half (52 per cent) of industry bosses think that current regulation will have little or no impact on making the financial services world…
19 Nov 2012
FSB publishes recommendations to strengthen regulation of shadow banking
The Financial Stability Board (FSB) has published for public consultation an initial integrated set of policy recommendations to strengthen…
FSA consultation affects how EU directive applies to UK investment managers
As the FSA launches a two-part consultation to transpose the Alternative Investment Fund Managers directive (AIFMD) into UK law, Deloitte,…
IFG Trust and Corporate Group acquires the Moore Group
IFG Trust and Corporate Group has acquired Jersey-based Moore Group. This is the first acquisition since the group’s MBO in July this year…
SEC charges JP Morgan Securities with misleading investors in RMBS offerings
The Securities and Exchange Commission has charged JP Morgan Securities and affiliated entities with misleading investors in offerings of…
Direct Access Partners appoints Michael Dolan to build alternative research business
Direct Access Partners, a diversified institutional financial services firm, has appointed Michael Dolan to launch a new research…
Hedge funds gain USD3.4bn in September 2012
The hedge fund industry took in USD3.4bn (0.2 per cent of assets) in September, building on a USD7.7bn inflow in August, according to a…
18 Nov 2012
HSBC settles Dublin lawsuit, Paris-based UCITS fund accelerates into automotive stocks, Signet Group launches high income bond platform…
The automotive sector is revving up interest with fund managers such as Paris-based Charles-Henri Neme, whose EUR400million Exane Funds 1 –…
Challenges for asset managers in SIF risk requirements
DCG Luxembourg managing director Daniela Klasén-Martin (pictured) says the new risk management requirements introduced by this year’s…
16 Nov 2012
Liontrust doubles assets under management
Liontrust Asset Management has doubled its assets under management over the past year. AUM has grown from GBP1.19bn on 30 September 2011 to…
Man sells residual Lehman exposure
Man Group has entered into a series of transactions with Hutchinson Investors, managed by the Baupost Group, to sell the residual exposure…
Barclay Hedge Fund Index up 0.32 per cent in October
Hedge funds gained 0.32 per cent in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is up 6.09 per…
Veritas corporate reorganisation to create two distinct businesses
Veritas Asset Management (UK) and its parent The Real Return Group, which currently manage GBP8.5bn across a range of products, have…
Dow Jones Credit Suisse Hedge Fund Index down 0.18 per cent in October
The Dow Jones Credit Suisse Hedge Fund Index finished down 0.18 per cent for the month of October. Managed futures (-4.64 per cent) was the…
