w/c 02 January
By Adam Cadle
News in brief, mandates and product launches from this week
The Pegaso Capital Strategic Trend Fund has been awarded an 'A' fund rating by S&P Capital IQ fund research. The fund is Cramer Asset Management’s multi-asset Sicav fund and aims to capture 70-75% of the upside in risky assets’ performance during an uptrend, while limiting losses to 20-25% of drawdowns.
Actis has invested US$71 million in Endurance Technologies Limited, an Indian auto component manufacturer. Endurance has 19 manufacturing facilities located in India, Germany and Italy.
Renaissance Asset Managers(RAM) has acquired the Griffin Eastern European Equity Fund from Griffin Capital Management. RAM assets under management will rise from $2.4 billion to $2.7 billion as a result of the deal. The fund manages assets in emerging Europe and Turkey.
Standard Life Investments has announced the launch of a Global Smaller Companies Fund and will seek to generate returns in excess of both smaller and larger company indices through a concentrated portfolio of 40 to 80 stocks.
Henderson Horizon Global Property Equities Fund has been assigned a ‘Strong’ fund quality rating by Fitch Ratings. The Fund’s investment approach is based on the selection of 75 to 85 global property equities in Europe , Asia-Pacific and North America.
Other stories you may find of interest:
Henderson Group completes acquisition of New Star
Henderson Group plc, the parent company of Henderson Global, has announced that it has acquired New Star Management plc
Cross-border fund automation rises in H1 2009
The European Fund and Asset Management Association (EFAMA) and SWIFT have published a mid-year status report on the evolution of standardisation rates for the first half of 2009
