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November 3, 2013 5:25 am
● Polar Capital is expanding its range of healthcare investment strategies with a new global biotechnology fund to be managed by David Pinniger. The Polar Capital Biotechnology Fund, which will be benchmarked against the Nasdaq biotechnology index, carries an annual management charge of 1 per cent on the institutional share class.
● Neuberger Berman is now offering a Ucits version of the Neuberger Berman Absolute Return Multi-Strategy Fund, known as ARMS, following the launch of a US version of the same strategy in May 2012. ARMS, which carries an annual management fee of 75bp ($2.5m minimum), will invest in hedge fund strategies while also offering daily liquidity and no performance fees.
● Old Park Capital is offering its Maestro strategy, previously available via managed accounts and a UBS certificate, as a Cayman fund. Those investing before the launch of the Old Park Capital Maestro Fund on November 11 ($5m minimum) will receive a discounted management fee of 1 per cent and a 15 per cent performance fee (reverting to 2 and 20 post launch).
● Anterra Capital is launching a growth fund aimed at making the food and agriculture supply chain more sustainable. Anterra, a spinout of Rabo Ventures, is backed by Rabobank and Moonray, part of Fidelity Worldwide.
● BlueBay has brought out the BlueBay Total Return Credit Fund, an unconstrained Ucits vehicle that aims to achieve annual total returns of 5-10 per cent over the credit cycle.
● Mirabaud has already built assets of more than $100m for the Mirabaud Global Strategic Bond Fund after launching in October.
● Natixis Asset Management has launched the Natixis Global Risk Parity fund which seeks to diversify risks across a wide range of asset classes over a minimum recommended investment period of three years.
● Deutsche Asset & Wealth Management is today launching the first US listed ETF providing direct access to China A shares.
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