Ucits

FCA to conduct further research

Fund meets demand for alternatives

Pay per employee has risen by 22% at AM firms since 2006

Potential problems for investors

Lombard Odier Investment Managers is preparing to launch a catastrophe bond fund, making UCITS version of the vehicle available to retail investors in the autumn.

Lyxor Asset Management has joined forces with boutique firm Corsair Capital Management to launch a new alternative strategy with daily liquidity.

Dexion Capital's Magnus Spence is preparing to launch an alternative UCITS platform, with its first offering managed by a former member of the MPC.

Man AHL, the quantitative investment arm of Man Group, has launched four UCITs-compliant systematic strategies with different return profiles.

MiFID II rules which classify non-UCITS funds as 'complex' products could force multi-asset vehicles to change structure and restrict their investment horizons.

Edinburgh-based boutique Aubrey Capital Management, which was founded in 2007 by a group of former First State managers, has launched a concentrated global emerging markets fund with an initial $50m of seed money.