EUROPE - The first hedge fund exchange-traded fund (ETF) has been launched into the market, by db x-trackers, the ETF arm of Deutsche Bank. The ETF is listed on Deutsche Börse's XTF segment.
The index is tracked via a hedged portfolio with a one-month term in euros through futures contracts and is designed to chart the bundled performance based on the weightings of the different index components.
The following sub-indices are also included in the index: dbX-THF Equity Hedge index; dbX-THF Event Driven index; dbX-THF Credit and Convertible Arbitrage index; the dbX-THF Systematic Marco index; and the dbX-THF Equity Market Neutral index.
The db x-trackers Russell 2000 ETF has also been unveiled on XTF, tracking the Russell 2000 index. The index is designed to generate exposure relating to the investible small cap segment of the US equities universe.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.