Articles and Features

The performance of commodity trading advisors (CTAs) has historically exhibited a distinctly different pattern than equities and fixed income in relation to the direction of interest rates, according to research by Campbell & Company. »

Mirabaud Asset Management has launched the Global High Yield Bonds fund. »

Nine of Newedge’s 11 hedge fund indices posted positive returns in January with the Newedge Commodity Trading Index leading the way with a gain of 6.38 per cent. »

Neville Bramwell (pictured), partner at Deloitte, comments on the European Securities and Markets Authority’s (ESMA’s) final guidelines on sound remuneration policies under the Alternative Investment Fund Managers’ Directive (AIFMD)… »

Hedge funds gained 2.84 per cent in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge. »

Hedge fund industry assets are up slightly from their peak in Q3 2008, however the average fee paid on industry assets has declined much more than reported in industry surveys, which typically show that the stated fee of the average hedge fund has declined very little over the past five years. However, Don Steinbrugge (pictured) of Agecroft Partners, estimates that the average management fee on net assets received by hedge funds since 2008 is 15% lower than commonly believed. »

The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2013 measured 2.62 per cent. »

Institutional investors continue to diversify their investment portfolios into alternative assets, increasingly via direct funds rather than funds of funds, according to global data from Towers Watson. »

Hedge fund investors redeemed a net USD14.2bn in 2012, reversing a USD50.7bn inflow to the industry in 2011, according to a report from TrimTabs and BarclayHedge based on data from 3,492 funds. »

David Zahn (pictured), manager of the Templeton Strategic Bond Fund, believes it is time for UK strategic bond funds to make use of allocations across a wider variety of fixed income asset classes in their search for real returns. Zahn, who has cut all exposure to UK gilts within the Templeton Strategic Bond portfolio argues the case for greater fixed income diversification in a low-interest rate environment… »