Broadgate Mainland Bulletin
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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