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AlphaCentric has launched the AlphaCentric Hedged Market Opportunity Fund (HMXIX), a mutual fund converted from a hedge fund previously available only to accredited investors.
HMXIX provides an options-rooted strategy, making long and short investments in call and put options on instruments that reflect the S&P 500 and its volatility.
Using an algorithm developed via artificial intelligence programmes to analyse market data, the fund employs a systematic, rules-based options strategy that includes premium collection, volatility trading and trend following. The investment strategy seeks to mitigate risk by staggering position maturity dates and utilising exchange-traded options guaranteed for settlement.
“The
- 21/12/2016
Abacus Group, a provider of hosted cloud IT solutions for hedge funds and other alternative investment funds, has expanded its cybersecurity services with the launch of AbacusFLEX Protect.
FLEX Protect provides auditing and reporting capabilities and leverages Varonis DatAdvantage, a solution that monitors file activity and user behaviour to manage permissions, identify where sensitive data resides and prevent breaches.
The requirements of hedge funds to improve their internal operations to address and protect against cyber security threats continues to increase. Regulatory groups in the US and UK and hedge fund investors globally are proactively looking at individual funds to ensure
- 21/12/2016
- 21/12/2016
The Eurekahedge December report on hedge funds reveals that over November 2016 hedge funds were up 3.53 per cent for the year, posting better performance compared to a modest 1.73 per cent gain over the last year.
The asset base for the industry contracted USD10.4 billion in 2016, on the back of steep redemption pressure with net outflows totalling USD28.2 billion for the year, Eurekahedge writes.
Almost 13 per cent of billion dollar hedge funds posted double-digit gains in 2016, compared to 8 per cent in 2015. Among the sub-billion dollar hedge funds, almost 20 per cent returned double-digit performance
- 20/12/2016
Azabu Value Partners (Cayman) has launched the Azabu Value Master Fund, a Japan-focused fundamental equity long/short strategy under the umbrella of Rogers Investment Advisors.
The fund is managed by June-Yon Kim and Oleg Zuravljov, former Fidelity Japan colleagues with nearly four decades of combined experience in Japanese equities.
Michael O’Flynn, head of business development and a long time financial markets veteran, serves as managing director of Azabu Value Partners (Cayman), the general partner of the fund.
The fund employs a fundamental bottom-up strategy, investing in Japanese larger capitalisation stocks. The strategy is enhanced by a derivative overlay and
- 20/12/2016
Seven defendants, all formerly affiliated with USD1.7 billion New York-based hedge fund Platinum Partners, have been charged in connection with an alleged USD1 billion investment fraud.
The indicted individuals are: Mark Nordlicht, the founder and chief investment officer of Platinum; David Levy, the co-chief investment officer of Platinum; Uri Landesman, the former managing partner and president of Platinum; Joseph SanFilippo, the chief financial officer of Platinum’s signature hedge fund; Joseph Mann, a member of Platinum’s investor relations and finance departments; Daniel Small, a former managing director and co-portfolio manager of Platinum; and Jeffrey Shulse, the former chief executive officer and
- 20/12/2016
Fortress Investment Group is to acquire a significant portion of a EUR17.7 billion portfolio of non-performing Italian loans from UniCredit.
At closing, the UniCredit transaction will represent the largest ever non-performing loan (NPL) transaction in Europe.
Fortress began investing in Italian loans and loan servicing in 2000, with its investment in Italfondiario, which was subsequently transformed from a mortgage bank into a specialised loan management company.
Fortress’s other major transactions include its acquisition in 2005 of EUR13 billion in NPLs from Intesa banking group, and in 2015 the acquisition of specialised servicer UniCredit Credit Management Bank (renamed doBank).
- 20/12/2016
- 20/12/2016
Hedge funds recorded gains of 0.63 per cent in November, according to UMass Amherst’s Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM) Flash November Equally Weighted Hedge Fund Index.
This brings the year-to-date return to 5.43 per cent. The full version of the index will be released on 23 December.
The Morningstar CISDM Database (formerly the MAR Database) is the oldest Hedge Fund and CTA database in the market. Tracking qualitative and quantitative information for more than 5,000 hedge funds, funds of funds and CTAs since 1994, it is the only database associated with a
- 20/12/2016
- 20/12/2016
What are the top challenges facing the hedge fund industry today and in the future? Why do investors continue to invest in hedge funds, despite the negative perceptions and performance issues cited in the media? Where is the upside for hedge funds in this current climate? In a crowded marketplace, how do hedge funds differentiate themselves?
These are some of the top questions addressed by new research from FIS and Aranca which asked 258 executives from hedge funds, administrators, prime brokers, custodians, consultants and investors for their perspectives on the challenges facing the hedge fund industry today and in the future. Their answers expose a
- 20/12/2016
The US CFTC has issued time-limited no-action relief to entities submitting swaps for clearing by derivatives clearing organisations (DCOs) operating under CFTC exemptive orders or no-action relief that CFTC staff provided (relief DCOs).
The action relieves entities submitting such swaps for clearing (relief DCO counterparties) of obligations to terminate the original “alpha” swap and to report any swaps between the relief DCO counterparties and the relief DCO.
Relief DCOs are required to report such resulting swap data by the terms of their exemptive or no-action relief.
This action also provides relief for counterparties to report certain primary economic
- 20/12/2016
Advisers consider managed futures a critical component of client portfolios, according to an adviser survey commissioned by Altegris Advisers, a provider of alternative investments.
Findings of the Altegris Managed Futures Survey, conducted at InvestmentNews' Alternative Investments Conference in November 2016, revealed that almost half of advisers surveyed (46 per cent) currently use managed futures in their client accounts.
More than two in five advisers (41 per cent) plan to increase their current allocation to managed futures in 2017.
One fourth of respondents (25 per cent) indicated they use managed futures primarily to diversify traditional equity and fixed income
- 20/12/2016
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