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Merchant Capital launches Ucits III hedge fund service

Merchant Capital has launched a service to assess the suitability of hedge funds for the Ucits III format.

The Ucits Strategy Assessment/Feasibility Execution (SAFE) facility will be supported by Carne Global Financial Services, which will assess the suitability of a strategy’s market exposures alongside Merchant.

Kinetic Partners will assess whether its value at risk (VaR) is appropriate for the sophisticated Ucits format. The format has attracted controversy as it has no upper limit on leverage. (article continues below)

The service is the latest product of the ‘Newcits’ trend, which has seen hedge funds launch Ucits III versions of their strategies after less regulated versions lost liquidity, assets and money over the past two years.


A shaw thing

Annie Shaw is a freelance financial journalistI started the week with a call from my old pal IFA Bruce Latto of Scottish Financial in Aberdeen, whom I last met up with a couple of years ago in the middle of a rainstorm heavy enough to wash away the Granite City. He told me he has […]

Registration could lead to fines for retiring IFAs

Retiring IFAs could be bankrupted by fines up to 30 months after they leave the industry following the introduction of individual registration rules. The PIA has imposed the 30-month rule because it says most misselling cases come to light after an independent adviser has left a firm. The problem will be made worse by professional […]

Cowley takes on OMAM strategic bond funds

Old Mutual Asset Managers head of fixed interest Stewart Cowley has taken over as manager of the group’s global strategic bond and dynamic bond funds.

GLG to soft close Japan fund until liquidity improves

The £1.1 billion GLG Japan CoreAlpha fund will be soft closed next month due to the lack of liquidity which followed last year’s Tōhoku earthquake and tsunami. The fund, which is managed by Stephen Harker and Neil Edwards, and the offshore GLG Japan CoreAlpha Equity fund will soft close on March 30, subject to approval […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


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