w/c 14 May

By Adam Cadle

News in brief, mandates and product launches from this week

Cheyne Capital has launched the Cheyne Global Credit Fund and Cheyne European Real Estate Bond Fund, both of which are UCITS IV compliant. The Global Credit Fund positions investment grade and crossover credit primarily in North America and Europe. The Real Estate Bond Fund focuses on real-estate backed bonds offering weekly liquidity.

FTSE has granted UBS AG the first licence for the currency solution, FTSE WPU. UBS will as a result be able to offer its clients a range of investment and hedging products linked to FTSE WPU.

SPDR ETFs, the exchange traded funds (ETF) platform of State Street Global Advisors (SSgA), has launched the Citi Asia Local Government Bond ETF. The new ETF aims to offer investors access to income from bond coupon payments and currency movements from eight markets.

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News in brief w/c 19 March
Northern Trust has been selected by Pensioenfonds Horeca & Catering, a Dutch hospitality and catering industry pension fund, to manage a €200 million developed, listed real estate index portfolio benchmarked to the FTSE EPRA/NAREIT Developed index hedged to EUR. Northern Trust will use its Intelligent Indexing approach to maximise efficiencies in portfolio management strategy around index changes.

September appointments update
Northern Trust has appointed Annika Larsson and Erik Norland as senior relationship managers in its Stockholm office, in line with the company’s strategy of serving clients as close to their home market as possible.