American Diversified Funds (ADF) is to launch a ‘see through’ European Union Fund (EUF) that aims to eliminate currency risk while offering principal protection and guaranteed returns. The fund is being opened to non-US based investors and institutions including corporations, pension funds, foundations, endowments and other similarly resourced investors. The fund’s operating premise is to reduce risk, reduce volatility, enhance returns, and diversify the traditional stock and bond portfolio with near zero correlation. The EUF allows clients the option to choose between Euros, Yen, Swiss Franc, British Pound, U.S. Dollar or blended denominated accounts. Registered in Bermuda, investors can benefit from an offshore domicile. The fund is administered by ADF, US-based alternative asset product provider. Seeded with proprietary funds, the EUF has returned 17.66 per cent net to date. The EUF will be launched 11/1/04.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.