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World political and economic events could push the level of market volatility higher in 2017, with institutional investors turning to active management and alternative assets to manage risk and boost returns as a result, according to a study by Natixis Global Asset Management.
Natixis surveyed decision makers at 500 institutional investment firms around the world on their market outlook and asset allocation plans for 2017 and beyond. Volatility topped the list of concerns for 2017, with 65 per cent pointing to geopolitical events, 38 per cent citing the US elections, and 37 per cent noting the potential for changing interest
- 14/12/2016
Rational Funds, a family of funds rooted in the investment philosophy of applying a rational approach to investing, has converted its first hedge fund to a mutual fund product.
The Rational Dynamic Momentum Fund (RDMIX), which was converted from Chesapeake Capital Corporation’s flagship hedge fund, offers investors a managed futures strategy with a track record dating back to 1994.
The strategy of RDMIX is based on capital appreciation uncorrelated to global equity markets by investing in long and short positions on futures contracts, forward contracts and options on futures contracts. Investments are made across a globally diversified universe of
- 14/12/2016
Societe Generale Prime Services has made three changes to its flagship SG CTA Index for 2017 – one new constituent and two strategy rotations – following its annual CTA indices review.
Tom Wrobel, director of alternative investments consulting at Societe Generale Prime Services, says: “We welcome GSA Capital Partners to both the SG CTA Index and SG Trend Index, whilst Graham Capital Management and MAN Investments have both substituted constituent programs, reflecting changes in the evolving CTA asset landscape. Whilst the turnover in index constituents is low, the industry is growing, and the asset cut-off for inclusion in all index
- 14/12/2016
Even as US equity markets soar, pay levels in the asset management industry are on the decline in 2016, marking the second consecutive year of reduced compensation for professionals at traditional asset management firms and the third for hedge funds.
The 2016 edition of the Asset Management Compensation Report, published annually by Greenwich Associates and Johnson Associates, shows that even with major investment indices hitting record highs, pressure on asset management profit margins is driving reductions in pay.
For traditional managers, the rising popularity of passive investment strategies has put their own active management fees in the spotlight for
- 14/12/2016
Independent fund and corporate service provider Crestbridge has appointed Elliot Refson as a director in its Jersey office as it continues to focus on evolving its management company (ManCo) solutions.
A specialist in alternative funds, Refson will join the existing team to develop and promote Crestbridge’s onshore and offshore ManCo services to the global asset management community.
Last year, Crestbridge became one of the first firms in Jersey to be granted a licence by the Jersey Financial Services Commission (JFSC) to offer a ManCo platform. It was also one of the first to establish a third party ManCo in
- 14/12/2016
HedgePort Associates, an independent C-Suite service provider, has established an advisory board initially including industry veterans Ted Seides and Bill Salus.
The board will assist Hedgeport with strategic initiatives as the company continues its running underlying hedge fund and private equity fund businesses.
Seides co-founded and served previously as president and co-chief investment officer of the multibillion dollar alternative investment firm Protégé Partners. In 2010, he was profiled in Larry Kochard and Cathleen Ritterheiser's book "Top Hedge Fund Investors: Stories, Strategies, and Advice." Prior to Protégé, Seides worked at the J.H. Whitney & Company, Stonebridge Partners, and Yale University Investments Office, where he began
- 14/12/2016
- 14/12/2016
Hedge fund managers have become more upbeat about the Brexit result in the intervening five months, according to a new report published by Preqin.
Preqin surveyed 276 hedge fund managers and 108 investors in November 2016 to see how their views on Brexit have changed since the referendum result. The report – Impact of Brexit on Hedge Funds – combines the results of that survey and comprehensive data taken from Preqin's online services.
As the majority of fund managers believed the UK would vote to remain in the UK (71 per cent), it is unsurprising that a large proportion were caught out by the
- 13/12/2016
By Kyle Dunn, Meyler Capital – One can’t dispute that the majority of capital flows into the big funds, the Blackstones, Carlyles, Bridgewaters of the world. We all know why, don’t we? Well here’s an entirely different perspective…
It simply relates to a breakdown in communication. Society has changed how it receives and processes information. Regardless of whether you are a teenager or a CIO, you handle information differently than you did 20 years ago. The alternatives industry hasn’t evolved. It is still stuck in the land of power point decks and the traditional model of forming relationships.
My point:
- 13/12/2016
Acadian Asset Management, a USD74 billion quantitative equity investor, has launched the Acadian Sustainable Emerging Markets ex Fossil Fuel UCITS Fund.
The fund is the first of its type to focus on implementing this theme across emerging markets.
Anchored by a significant investment from a UK institutional investor advised by Cambridge Associates, the global investment firm, the fund has been created to help meet growing investor demand for divestment within portfolios, while maintaining investment returns, and ensuring investors are not penalised for investing in a sustainable manner.
Using a combination of third-party data and its own proprietary methods,
- 13/12/2016
Recovery continues in hedge funds according to Eurekahedge which found that hedge funds were up 0.48 per cent during the month of November, with 2016 year-to-date returns coming in at 3.60 per cent.
Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.88 per cent in November with its 2016 year-to-date returns at 4.88 per cent. Roughly 56 per cent of underlying constituent funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equities mandated. North American hedge fund managers posted the best returns among regional peers
- 13/12/2016
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