Since the introduction of the Alternative Investment Fund Managers Directive (AIFMD), a question mark has hung over whether US alternative managers would still bother marketing into Europe. Standish Management, a US alternatives administrator, is banking that they will.
As equity markets falter and risk appetites wane, the price of gold reached a 12-month high this month, with Old Mutual Global Investors (OMGI) planning to launch its Gold and Silver Fund in March.
The Luxembourg funds industry association, Alfi, holds its spring conference on March 8-9. Funds Europe puts questions to some of those appearing, plus others who work in the local industry.
We profile some of the most interesting fund launches in recent weeks and examine the performance of a product already on the market.
Luxembourg funds saw assets under management increase by 13% last year to €3.5 trillion, figures out this week showed.
Pioneer Investments saw €15.2 billion of net sales globally in 2015 – its best ever figure and an increase of 15% on the year before.
Many institutional investors are “seriously struggling with traditional asset allocation” and are concerned about correlation between stocks and bonds.
Investors are continuing to boost their portfolios with alternative investments – but BNY Mellon says they are doing so with a “false sense of security” around risk data assumptions.
Luxembourg has grown in popularity as a domicile for real estate investment funds (Reifs), according to a survey released by the Association of the Luxembourg Fund Industry (Alfi) and conducted by Big Four accountancy firm EY Luxembourg.
JP Morgan Asset Management (JPMAM), which this week launched a Ucits fund that invests in underlying hedge funds, said the most difficult part of constructing the product was finding managers that could run a compliant liquid offering.
