Newedge, a global leader in multi-asset prime brokerage, execution and clearing services, announced today that the firm has been appointed as swap counterparty to the NEF Blue Mountain (GMTI) Fund and NEF Nordic Power Index Fund.
The new funds are Irish-domiciled and have been authorised as UCITS compliant. They are managed by NEF Asset Management, a Norwegian-based fund manager specializing in investments on commodities and the Nordic power market.
Andrew Dollery, Director, Origination & Structuring for UCITS funds at Newedge said,“We are excited about working with NEF, one of Scandinavia’s leading alternative investment managers. Today’s announcement is further recognition of our ability to offer clients innovative UCITS compliant services.”
He added: “Through their Nordic Power Fund, NEF are bringing a unique and interesting product to the UCITS investment community.”
Alexander Troxler Aarøe, Investment Director, NEF Asset Management added,"We are delighted to appoint Newedge as swap counterparty to these funds. For the first time, we are able to offer investors exposure to our trading strategies in a UCITS-compliant format. We believe the products will add important diversification benefits to many traditional investor portfolios.”
Newedge offers comprehensive synthetic prime brokerage and clearing solutions for regulated investment products and caters specifically for the needs of liquid systematic investment strategies. By working closely with other service providers, such as administrators and custodians, Newedge is able to offer clients maximum flexibility in structuring products to best suit their own strategies.
Alex Jones, +44 207255 5154, alex.jones[.]capitalmsl.com
Bill Ferri, +1.212 754 5428, bferri[.]intermarket.com
Michael Gelormino, +1 212 909 4780, mgelormino[.]intermarket.com
Tracy Ho, +852 3655 0515, tracy[.]ryanfin.com
Newedge (newedge.com), a 50/50 joint venture between Société Générale and Crédit Agricole CIB, is a major force in global multi-asset brokerage business, with a world-leading position in the execution and clearing of listed derivative products. With a presence in more than 20 locations in 16 countries, Newedge offers a full range of clearing and execution services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities, and commodities on OTC markets. Newedge provides a range of value added services, including prime brokerage, asset financing, an electronic platform for trading and order routing, cross margining, and the centralized reporting of client portfolios. Newedge, which primarily serves institutional clients, provides access to more than 85 exchanges. Newedge's 3,000+ employees form a close-knit, multinational team that can innovatively respond to its clients in fast-moving markets.
About NEF Asset Management (NEF)
NEF Asset Management (N-EF.com) is a Norwegian based fund manager specializing in commodities and the Nordic power market. NEF manages two single manager, multi-strategy UCITS IV funds. NEF's funds have an excellent track record and low correlation to most other major asset classes. The organization consists of a highly qualified investment team with more than 75 years of experience from financial and power markets.
NEF is founded and managed by people with long and extensive experience from energy and financial markets, particularly the Nordic power market. Several members of our team have held top positions within trading and risk management and have extensive experience with the Nordic power market.