The expected approval the week of April 23 of UCITs and 40 Act funds that use leverage comes after the CCR had delayed review pending guidance from the pension regulator on the use of hedge funds.
Slew of long-only funds to be greenlighted by CCR following ruling on hedge-fund use
Chilean regulator sets comment period for rules banning hedge funds from AFP portfolios
Amid concern from foreign distributors and managers, the Pensions Superintendency published a draft resolution on January 8 aimed at clarifying what types of hedge funds can be purchased by Chilean AFPs.
BTG Pactual to distribute funds of Fraga-led Gávea Investimentos
Ignacio Pedrosa, BTG Pactual's manager for third-party distribution, said Gávea had exceptional managers with a combination of political and business experience very difficult to find.
Deutsche: global investors still look to hedge funds, and many plan to increase positions in 2016
Ashley Wilson, who co-authored Deutsche's 14th annual Alternative Investment Survey, noted that investors remained positive about the asset class "despite a challenging year for global financial markets and for hedge funds."
Distributors are hopeful that Colombian regulator’s proposed changes will stick
Daniel Navajas of Compass Group viewed positively the proposed changes, which include increased access to alternatives, investment in high-yield bond funds and hedge funds, and AFP access to cross-border funds that might have a shareholder owning more than 10%.
Citi Survey: Hedge fund profits off 30% due to poor performance in 2014
Citi’s report, formerly known as the Hedge Fund Business Expense Benchmark Survey, is based on proprietary analysis and detailed responses from 149 hedge fund firms that collectively represent USD 581 billion in industry AUM, or 19.8% of total industry assets.
Citi Survey: Hedge fund assets to double to USD 5.8 trillion by 2018
In addition to offering more access to retail investors and creating customized solutions for institutional investors, hedge fund firms are increasingly engaging investors in an advisory capacity to support their clients’ overall portfolio, and expanding into functions beyond their traditional role as just asset managers.
State Street buys GSAS
State Street, said that it has agreed to pay USD550 million to buy Goldman Sachs Administration Services as it looks to become the leading global administrator of hedge funds.