alternative investments

Stirling Mortimer, the offshore property fund caught up in a dispute over €9.8m of cash which went missing from one of its cell funds, has agreed an out of court settlement to end an upcoming legal battle.

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CONTRARIAN

Barclays has launched an investment strategy to give investors exposure to the Vix volatility index.

Renaissance Asset Managers has launched a Luxembourg-domiciled fund aiming to tap into growth in the frontier markets.

Aberdeen Asset Management has renamed its £24bn alternative investment offering, which includes its multi-manager range, to better reflect strategies within the business.

Funds under management at Man Group-owned GLG shrank by $1bn in the three months to the end of 2011, according to a trading statement released today.

Equity returns were poor in 2011 during a rollercoaster year for markets, but there were a number of bright spots in the alternative investments space.

HEDGE FUNDS

Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.