Alternative Asset Adviser




Newsletter
view latest newsletter

subscribe to free daily newsletter        

Install Newsfeeds   












Latest news and features

Hedgemedia's AltInvestment Global News Round-Up: Arx Investment's Dwight Sipprelle calls it a day

Fri, 09 May 2008, 05:55



Star manager Dwight Sipprelle is winding down his USD1.2bn global credit fund and retiring from active money management. The founder of New York-based Arx Investment Management, who previously spent 16 years at Morgan Stanley, plans to shut down the Arx Global High Yield Master Securities Fund, which has gained 150 per cent since its launch in February 2002, by June 30. His brother and fellow Morgan Stanley alumnus, Scott Sipprelle, shut down his own firm Copper Arch late last year.
Stellar Asset Management launches Baltic states property fund

Thu, 08 May 2008, 22:10



Stellar Asset Management is launching the Stellar Baltic States Fund, its first investment fund for UK investors, which aims to capitalise on the developing property market in the Baltic states, working in partnership with regional property specialist Bristol & Stone and Capital City Developments.

Alternative Asset Daily News  sign up for free

First US-listed platinum ETNs to launch on NYSE

Thu, 08 May 2008, 23:24


Resource Investor

US investors large and small will soon have an alternative to investing in platinum futures, almost solely traded by large hedge funds and brokerage houses. Two exchange-traded notes, the E-TRACS UBS Long Platinum ETN [NYSE:PTM] and E-TRACS UBS Short Platinum ETN [NYSE:PTD], will launch tomorrow morning, April 9, in New York.

PIMCO introduces credit funds

Thu, 08 May 2008, 11:24


Euromoney Institutional Investor

Fixed-income expert PIMCO has launched two credit funds, the GIS UK Corporate Bond Fund and the GIS Euro Credit Fund, which aim to offer investors access to investment-grade credit comprised of high quality euro or sterling-denominated corporate and credit instruments. These funds will help investors make money from the opportunities created by recent market turmoil and widening of credit spreads. The funds will invest at least two-thirds of their capital in diversified portfolios of fixed-income instruments with different maturities. Domiciled in Dublin, the funds are part of the UCITS III fund complex and will be managed by Luke Spajic, the head of pan-European credit portfolio management.

HSBC Absolute Return dumps commodities

Thu, 08 May 2008, 11:22


Reuters

One of HSBC's most actively managed fund divisions has been reducing its exposure to commodities, expecting a major correction in the high-flying sector. The USD2.7 billion Absolute Return Service, part of HSBC Investments, now holds only around 2 per cent of its portfolio in commodities, down from a high of around 17 per cent earlier this year. In an interview with Reuters on Wednesday, Charlie Morris, head of absolute return, said commodity prices had risen to unsustainable levels.

Widows and Axa put block on property pension transfers

Thu, 08 May 2008, 11:16


Money Marketing

Advisers have slammed Scottish Widows and Axa for not allowing pension customers who are partially invested in commercial property funds with restrictions to transfer any of their pension to another provider. Scottish Widows, Axa, Aegon and Friends Provident all imposed withdrawal restrictions on their commercial property funds earlier this year and these are still in place. Most pension providers allow the transfer of the part of the pension portfolio which is not invested in these property funds to another life office but Scottish Widows and Axa will not allow this.

DDQ offers latest tranche of commodity products

Thu, 08 May 2008, 10:47


Investment Week

Dawnay Day quantum is offering further tranches of its commodity-based structured products, after taking almost double the capacity on the last issue. As with previous tranches, the products link to a basket of commodities, covering metals, energy and agricultural assets.
There are two return profiles, offering different levels of participation over the five and a half year term based on capital protection.


RAB Capital sees assets fall through performance and redemptions

Thu, 08 May 2008, 06:00



London-based hedge fund manager RAB Capital has reported at its annual general meeting that assets under management have declined to USD6.34bn at the beginning of May, as a result of the impact of difficult trading conditions on performance as well as investor redemptions.

Standard Life Investments opens Global Absolute Return fund to retail investors

Wed, 07 May 2008, 18:20



Standard Life Investments has launched its Global Absolute Return Strategies Fund to retail investors, offering access through a unit trust to the same advanced investment techniques already available to institutional investors.
How KKR blazed a trail for listed private equity

Mon, 05 May 2008, 07:35



Arguably the biggest single boost to Guernsey's private equity industry was the launch in June 2006 of KKR Private Equity Investors, which raised USD5bn from investors and obtained a listing on Euronext Amsterdam. The deal has prompted other private equity houses - and hedge fund managers - to seek listings, although nearly two years on, the verdict on the fund's success is more nuanced.
Youthful exuberance

Mon, 05 May 2008, 07:30



Gibraltar's fund services industry is a relatively young but robust industry. Although Gibraltar fund legislation dates back years, it was the introduction of "Experienced Investor Fund" legislation in August 2005, designed for experienced, high net worth, sophisticated investors that truly made Gibraltar a serious, attractive and competitive jurisdiction. Since then, the market has gathered momentum and Gibraltar has experienced a substantial increase in the volume of fund business.
SNL Financial becomes latest member of Reits group

Fri, 02 May 2008, 06:00



Financial research and information provider SNL Financial has become the latest organisation to join Reita, the educational and awareness campaign for real estate investment trusts and property investment in the UK.
Hedgemedia's AltInvestment Global News Round-Up: Drake shuts Global Opportunities Fund after 25 per cent decline

Fri, 02 May 2008, 05:55



New York's Drake Management has finally decided to close down its USD2.5bn Global Opportunities Fund, which lost 25 per cent in 2007, having already suspended investor redemptions in December. It will wrap up the unwinding by the first quarter of 2009 but investors can expect to get the bulk of their money back by the end of this year.
A one-stop shop

Thu, 01 May 2008, 18:50



In general, the fund industry sticks to what it knows. American managers head to Cayman, the British generally look to Dublin and European managers are likely to choose Luxembourg. This is simply the way that things have always been and the biggest challenge for Gibraltar currently is to get its name better known.
A pivotal role in Middle East investment

Thu, 01 May 2008, 18:45



Amid the vigorous growth of the global private equity industry over the past few years, one of the most striking developments is the emergence of private equity as a significant asset class in the Middle East. It is a trend that has already left its mark on the Channel Islands Stock Exchange, which has listed a number of Egyptian funds and has as a major issuer the USD2.1bn Concord Group, the leading manager of Egyptian securities worldwide.
More news




Copyright © 2008 Hedgemedia Ltd. All Rights Reserved


This web site is offered to the User of the Service (User) on the condition that the User accepts the terms contained herein, without any modification whatsoever. For the purposes of this Terms of Use, 'Service' shall mean and include, without limitation, access to all, one or some of the following: HTML Code, literature, information, software, products, tools and Services provided or made available ... Please read our full disclaimer.
V3