Funds of Hedge Funds

HarbourVest Global Private Equity Limited's (HVPE) estimated Economic Net Asset Value as at 31 May 2011 is USD903.0 million, or USD10.92 per share. This exceeds the previous estimated Economic NAV peak of USD10.50 per share (recorded in May 2008), and represents a 4.2% increase from 30 April 2011 (USD10.48), a 6.6% increase from 31 January 2011 (USD10.24), and a 9.2% increase from listing. HVPE’s estimated Economic NAV per share has now increased during each of the last six consecutive months.    »

Gide Loyrette Nouel (GLN) has advised UFG REM (UFG-LFP Group) on the setting-up and structuring of its UFG European Fund of Funds, structured as a contractual corporate fund (SICAV contractuelle) governed by French law. »

Funds of hedge funds were widely predicted to become one of the principal casualties of last year's annus horribilis for the hedge fund industry. »

Robust economic growth in emerging markets and the fallout from the credit crunch have generated a surge in the number of small-cap opportunistic private real estate funds seeking investme »

TriAlpha, the asset management arm of the Stonehage Group, has announced that its recently-launched property fund of hedge funds, the TriAlpha Global Property Strategy Fund, is now availab »

Zurich-based Swiss Capital Alternative Investments has launched a fund of hedge funds designed to take advantage of new investment opportunities appearing in the global real estate market. »

London-based fund of funds manager Coronation International has launched the Prism Fund, an Irish-domiciled dynamically managed multi-asset vehicle, with initial capital of USD15m. »

Specialist emerging markets manager Argo Group has announced plans to launch the Argo Multi-Strategy Fund, a diversified multi-asset class portfolio that will enable investors to participa »

Diversified alternative asset manager Sciens Capital Management has concluded a definitive agreement to acquire the institutional investment management business of Atlas Capital Associates »

South Africa's Peregrine group has concluded a non-binding agreement to acquire at least 65 per cent of Stenham Group, a UK-based wealth management firm specialising in alternative investm »