Liquid Alts.

Global investment manager Nikko Asset Management has acquired a minority stake in active thematic ETF manager ARK Investment Management LLC, enhancing its exposure to disruptive innovation-focused investment solutions. 

Investors continued to allocate capital to liquid alternative strategies in the second quarter, according to the Q2 2017 edition of the Wilshire Liquid Alternatives Industry Monitor, although at a far slower pace than earlier in the year. 

Paris-based alternative investment firm Uncia Asset Management has debuted a new systematic UCITS-compliant long/short equity fund that will focus on small-cap stocks. 

London-based alternative asset manager Trium is reportedly prepping a new UCITS-compliant version of an existing Cayman Islands-based global long/short equity fund that concentrates on underfollowed or thinly researched large-cap stocks.

Boutique asset manager Crystal Century Investment has debuted a new actively managed multi-asset alternative investment fund aimed at increasing the benefits of diversification during periods of market stress.

Tages Capital has unveiled a new UCITS-compliant global macro fund in partnership with New York-based alternative investment manager Atreaus Capital.

Liquid alternative mutual fund specialist Catalyst Funds has named former Wedbush Securities executive Lawrence Lai as chief risk officer and promoted Michael Schoonover to chief operating officer as the company expands its risk team. 

Tages Capital has launched a new UCITS-compliant managed futures fund in partnership with systematic investment manager Rotella Capital Management.

The liquid alternatives affiliate of Balter Capital Management has launched a new all-capitalization long/short equity fund in partnership with Invenomic Capital Management.

The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, is up +0.30% for the month so far, according to a flash update from Hedge Fund Research.