Legg Mason hires from Oddo to sell funds into Benelux, Threadneedle appoints two for high yield, Hedgebay promotes internally for European head, UBS hires Dyment from top hedge fund Shumway.
AXA Investment Managers has announced the launch of a Luxembourg-domiciled bond fund designed to capitalise on global growth, while New York hedge fund Para Advisors LLC plans the launch of a Ucits version of its flagship fund.
UBS has bought the Luxembourg Financial Group, whose flagship service includes a platform for the distribution of Ucits funds, for $36.2m.
Absolute return manager RAB Capital will launch two Ucits funds, bringing a regulated version of its Cayman natural resources fund to market and opening another investing in gold and precious metals opportunities.
New York manager Act II Capital LLC has converted its US equities fundamental long-short hedge fund to an UCITS III format.
The Luxembourg Financial Group has opened an UCITS-III compliant version of Quant Asset Management’s global equities fund, on behalf of Quant.