Weekly UCITS News (Friday)

Weekly UCITS News (Friday)
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IFSL North Row Liquid Property Fund opens for UK retail investors

North Row Capital’s new IFSL North Row Liquid Property Fund is now open to retail investors for a minimum investment of GBP10,000. »

Real estate fund

Brooks Macdonald launches first UCITS core property fund

Brooks Macdonald Funds (BMF) is to launch the IFSL North Row Liquid Property Fund, believed to be the UK’s first actively-managed UCITS core property fund. »

German flag

BNP Paribas acquires German “Depotbank” business of Commerzbank

BNP Paribas Securities Services has acquired Commerzbank’s “Depotbank” business for German domiciled UCITS and institutional funds, securities funds as well as open-ended real estate funds. »

Alternative UCITS 2013

Hedgeweek Special Report: Alternative UCITS 2013

By the end of Q1 2013 total assets in the alternative UCITS space advanced by 29 per cent year-on-year to EUR155billion. But this is still a small share of total UCITS AuM of around EUR6.6trillion. »


Central Bank of Ireland consults on regulatory regime for non-Ucits funds

The Central Bank of Ireland is to initiate a consultation on the Irish regulatory regime for non-Ucits funds.  »

James Williams, news editor, Hedgeweek

Mirabaud hires emerging markets trio, LUMA platform teams up with Southport Harbor Associates…

Singapore-based asset manager, Milltrust International Group, founded by Simon Hopkins in January 2011, has launched an innovative range of emerging market UCITS funds, ad »

James Williams', news editor, Hedgeweek

Wells Fargo launches six new UCITS funds, JP Morgan launches tax calculation reporting service for UK-distributed UCITS, Prosperity Capital Management launches Lux-domiciled fund and EFAMA reports fifth consecutive month of UCITS net inflows

JP Morgan Worldwide Securities Services (WSS) has launched its tax calculation reporting service for UCITS funds distributed into the UK the firm announced this week. »

James Williams, news editor, Hedgeweek

Galaxy Asset Management shuts China UCITS fund, Smith & Williamson to launch corporate bond UCITS, ALFI responds to EU proposal paper on UCITS V, while alternative UCITS end June down 0.23 per cent

AsianInvestor this week reported that Joe Chan’s Galaxy Asset Management, one of Hong Kong’s longest running hedge funds, had decided to shutter its China Absolute Return Ucits hedge fund just 19 months after inception. The fund, which at the time was the first Ucits-compliant, China-focused hedge fund to be launched by an Asian fund manager, launched with USD30million in November 2010. It has now earned another, albeit unwelcome, first by becoming the first known closure of a China alternative Ucits fund by an Asian manager. »

James Williams, news editor, Hedgeweek

SGSS launches Ucits turnkey solution, Swiss & Global and Nomura both launch new funds, Multifonds revamps platform to support traditional and alternative fund structures

Société Générale Securities Services (SGSS) announced at this week’s Fund Forum International the launch of a turnkey solution to enable asset management companies and independent managers to create, manage and promote Ucits funds. SSGS said that the solution was aimed at global managers who don’t want to create a Ucits-registered asset management firm, instead providing them with a Luxembourg legal structure that fulfills EU regulations. The turnkey solution allows managers to create and distribute Ucits funds across all 27 members of the EU as well as offer distribution advantages in non-EU jurisdictions. »

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