Broadgate Mainland Bulletin

Nov 2012
Location: LONDON

Swiss & Global celebrates 20 years of private labelling 

Last week the private labelling business of Swiss & Global celebrated its 20th anniversary. The team has established more than 200 private label funds for third parties since 1992.
Private label funds are tailor-made investment funds that Swiss & Global Asset Management establishes in cooperation with external partners. The fund name can be freely chosen (private labelling). As such, the private label partner can position himself in the fund business as a provider under his own name and simultaneously outsource individual services of an administrative and legal nature to Swiss & Global.
The first private label fund was established in 1992 by the then team of two  in cooperation with Austria's Erste Bank. Since then, the team has established more than 200 funds domiciled in Switzerland, Luxembourg and the Cayman Islands.
Thomas van Ditzhuyzen, Head of Private Labelling Europe emphasises:

“The requirements on asset managers wanting to launch investment products are becoming increasingly challenging. Our partners appreciate the fact that we can take demanding administrative and regulatory work off their shoulders and grant them access to broad market knowledge. Thanks to this splitting of tasks, they are able to fully concentrate on their core competencies - as a rule, asset management and sales. For all other issues, we are by their side with our long-standing experience.”
Michele Porro, Head of Sales & Distribution and member of the Executive Board of Swiss & Global Asset Management, adds: 

“In private labelling, we offer our clients access to infrastructure and expertise that we have established as the fund management company of the Julius Baer funds managed in our institution. That makes us a credible partner and a leading provider in Switzerland and Europe. We also see potential growth for this area in the coming years.”

Alix Capital launches the UAIX Fixed Income Global Index to provide access to emerging and developed markets

Alix Capital, the Geneva-based provider of the UCITS Alternatives Index family of indices, has launched a new investable index, the UAIX Fixed Income Global Index, comprised of fixed income UCITS funds investing in both emerging and developed markets.

The UAIX Fixed Income Global Index is made up of between 10 to 15 UCITS fixed income hedge funds, with a maximum allocation of 40% to emerging markets funds. The index has been constructed using a proprietary systematic model developed by Alix Capital with the aim of outperforming the UCITS Alternative Index. This addition increases the UAIX family of indices to 12 strategy specific UCITS hedge funds investable indices.

Louis Zanolin, CEO, Alix Capital says:“The UAIX Fixed Income Global Index is the second investable index we have launched for the increasingly popular fixed income market. This is in response to growing investor demand, as illustrated by our latest quarterly research, which showed that 33.7% of total AUMs in UCITS hedge funds are invested in fixed income strategies, with AUMs increasing 24.1% year to date and 11.4% in Q3 alone.

“For many investors emerging markets present the best opportunities in the fixed income space, but investing in long-only funds in this market can be volatile. This index will provide investors with up to a 40% exposure to emerging market fixed income. We believe this balance between developed and emerging market funds gives investors exposure to emerging market returns they are seeking, while managing the inherent volatility from investing in this sector.”

Read the full story here.



Stadia Trustees undergoes further expansion with two new appointments

Stadia Trustees, the leading UK-based pensions company specialising in the administration of Self-Invested Personal Pensions (SIPPs), has expanded its team with two new appointments following continued growth.
Alex Hales has been appointed as business development manager with the aim of maintaining and building relationships with independent financial advisors (IFAs), introducers and product providers. Alex joins the team having previously gained experience in a firm of IFAs and stockbrokers in Colchester where he worked in business development and technical support. During his time at the firm Alex gained the CF1 Certificate in Financial Planning. 
Emily Head has joined the team as head of communications and will be working to develop corporate communications both internally and externally.  As part of her role, she will be responsible for compiling marketing material and communicating with the media. Emily is currently studying for a Master’s degree in Science Communication. 
Tony Hales, chairman of Stadia Trustees, said:
“Stadia Trustees believes in forging strong relationships with the industry and Alex’s role will be invaluable in enabling the firm to continue this. Internal and external communications are an important aspect of maintaining contact with the market and the new team at Stadia Trustees will be working hard to deliver key messages and industry updates.
“I look forward to working with Alex and Emily and I am confident they will actively contribute to further expansion of Stadia Trustees.”

UK P&I Club

The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited is generally known as the UK P&I Club. As a mutual association since its establishment in 1869 the Club has existed solely for the benefit of its members. Its structure as a mutual insurance association enables it to respond to the changing needs of its assureds and allows it to provide superior service, attention and coverage.

The UK P&I Club is directed by the members. Overall control lies with the directors, elected by the members from amongst themselves. The directors normally meet four times a year to formulate policy on calls, the scope of cover, finance, underwriting and claims matters, reinsurance and issues affecting the P&I world. They resolve specific claims which may not fall clearly within the cover.

Thomas Miller, the Club’s managers, is organised to respond promptly to requests for assistance and to provide informed advice and help with members' claims. Individual support goes far beyond that normally provided by a commercial insurer.

The UK Club’s size and the scale of the managers' operations has enabled the latter to develop specialist skills and expertise seldom seen in marine P&I.

In 350 ports around the world, on-the-spot help and local expertise is always available to members and the masters of their ships from the Club's 460 correspondents and claims handling services and advice from the network of offices and branches in London, Piraeus, New Jersey, San Francisco, Hong Kong, Singapore, Tokyo, Beijing and Shanghai.

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