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The Alternative UCITS market keeps showing strong growth with LuxHedge recording net inflows of EUR5.2 billion in assets under management in January.
The strongest rise occurred in Fixed Income Arbitrage (EUR2.8 billion), Global Macro (EUR0.9 billion) and Multi-Strategy (EUR0.8 billion) funds. The relatively smaller segment of Volatility Arbitrage funds was the only one to show a declining AUM in January: -EUR0.4 billion.
The LuxHedge Alternative UCITS indices held up well across almost all strategy styles with the LuxHedge Global Alternative UCITS Index increasing 0.25 per cent during January 2017. The largest gain was recorded by the Event Driven funds as measured by the
- 13/02/2017
In the face of more than USD100 billion in investor redemptions in 2016, hedge funds continue to perform surprisingly well out of the gate in 2017, according to eVestment's January 2017 Hedge Fund Performance Report.
The industry started off 2017 with an average +1.16 per cent, with more than 70 per cent of hedge funds reporting positive results for the first month of the year.
In fact, despite some disappointing performance in a few hedge fund segments, industry results show the importance of using data and market insight to pick the right hedge funds and the importance of hedge
- 13/02/2017
Alpine Global Master Fund, a long/short market-neutral hedge fund, has appointed Northern Trust (Nasdaq: NTRS) to provide hedge fund administration services and middle office outsourcing.
The fund has a fundamental based quantitative investment methodology and is managed by BOCOM International Asset Management Limited, with Huatai-PineBridge Fund Management Co, Ltd. as the investment advisor.
Managing Director of Alpine Global fund Liang Shi, says: “One of the main reasons we selected Northern Trust was its industry-leading robust technology and its experience in servicing complex offshore fund structures. Northern Trust provides the Fund with a unique solution that suits its needs, enabling the
- 13/02/2017
Bats Global Markets has reported net income of USD32.5 million and adjusted earnings of USD38.5 million for the fourth quarter ended 31 December 2016.
Net income increased 50 per cent and adjusted earnings rose 35 per cent compared to the same period in 2015, driven primarily by continued growth in non-transaction revenue, realisation of synergies from the Direct Edge acquisition and a lower effective tax rate in the fourth quarter 2016.
For the full year, Bats reported record net revenue of USD436 million, an increase of 13 per cent compared to 2015 and record net income of USD109 million,
- 10/02/2017
Crabel Capital Management’s chief executive Michael Pomada will be discussing the appeal of quant funds at the Amsterdam Investor Forum on 8 March.
Pomada says that when investors think about quant funds they group them together and assume they all do much the same.
Whilst other managers such as Two Sigma pursue a similar non-trend following approach to trading short-term market fluctuations, each quant fund pursues an individual approach.
This enables them to generate non-correlated returns.
“Last year was interesting where we were able to offer a diversification benefit despite the Newedge Short Term Traders Index finishing
- 10/02/2017
The Lyxor Hedge Fund Index was slightly down by 0.3 per cent in January, with seven out of 10 Lyxor indices in positive territory, according to the latest Lyxor AII Barometer, with micro-focused strategies outperforming macro traders.
Event driven delivered strong results on the back of buoyant M&A activity in the US and positive surprises in corporate earnings.
CTAs and macro managers suffered from the depreciation of the dollar.
“The Q4 earning season is seeing a material recovery in most regions and in a majority of sectors. However, trading volumes and stock returns following earnings report were moderate,
- 10/02/2017
Castle Hall Alternatives is to integrate SwissAnalytics within its global due diligence platform.
Under a user rights and intellectual property agreement, Castle Hall has acquired SwissAnalytics’ operational due diligence practice, together with SwissAnalytics’ quantitative and qualitative investment risk due diligence tools.
“With this agreement, we are delighted to fully incorporate the SwissAnalytics due diligence capability into the Castle Hall offering,” says Chris Addy (pictured), president and CEO of Castle Hall Alternatives. “Castle Hall first reached a partnership agreement with SwissAnalytics in 2014, and the expanded diligence capabilities this relationship has brought us have been embraced by clients across Europe.
- 10/02/2017
The Montreux Natural Resources fund is the world's second-best performing hedge fund in 2016, according to international analyst firm Preqin Research.
The Cayman Islands-domiciled fund, managed by Montreux Capital Management Cayman, has returned 142 per cent over the last 12 months, driven by the surging gold price and the performance of assets in which the fund invested.
The Montreux Natural Resources fund ranked second for net return during 2016 out of 14,500 hedge funds assessed, in the Preqin Global Hedge Fund Report, 2017.
The USD32 million fund, which generates returns through a range of commodity-related transactions, has during the
- 10/02/2017
Blue Sky Alternative Investments has reported a significant rise in revenue, profitability, cash flow, margins and fee-earning assets under management for the half-year period ending 31 December 2016, driven by growth in alternative assets.
Underlying net profit after tax (NPAT) was up 130 per cent to AUD10.1 million (1H FY16: AUD4.4 million), while underlying EBITDA margins expanded to 41 per cent (1H FY16: 28 per cent).
Underlying income for the period was up 53 per cent to AUD36.4 million (1H FY16: AUD23.8 million); and net operating cash flow was up 200 per cent to AUD9.3 million (1H FY16: AUD3.1
- 10/02/2017
Roger Hollingsworth, who has served as head of government relations at the Managed Funds Association (MFA) association since 2008, has resigned.
Richard H Baker, CEO of MFA, says: “Roger contributed to building an effective government relations team and provided leadership during a period of extraordinary change in the financial markets and the hedge fund industry. MFA wishes Roger success in all future endeavours.”
Hollingsworth (pictured) says: “I have been honoured to work alongside Congressman Baker and the talented team he has assembled at MFA over these past eight years. It’s also been a privilege to work with, and on
- 10/02/2017
- 10/02/2017
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