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AlphaClone, a provider of alpha-seeking active indexes for long-term investors, has launched the AlphaClone Small Cap Index and AlphaClone Value Manager Index.
The indices seek to give investors the potential to outperform passive market indices by accessing the investment ideas of the world’s most established hedge funds.
They follow the same proprietary Clone Score methodology used by AlphaClone’s Hedge Fund Downside Hedged Index and AlphaClone’s International Downside Hedged Index.
Last year, the firm filed with the Securities and Exchange Commission to register four new exchange-traded funds (ETFs).
“Pursuing the potential for alpha is even more important today
- 14/09/2016
While the application of artificial intelligence (AI) in asset management has become a much discussed topic over recent months, Frankfurt-based fund manager Tungsten Capital already has a three-year live track record with its short-term CTA Tungsten TRYCON Basic Invest HAIG.
The alpha strategy, driven by algorithms of artificial intelligence, was launched in September 2013 and passed USD100 million in assets under management for the first time this month. It has a Sharpe ratio of 1.03 and has provided gains of 4.33 per cent YTD.
Pablo Hess (pictured), one of the minds behind the strategy, attributes the sound results predominantly
- 14/09/2016
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2016 measured 0.73 per cent.
Hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.38 per cent in September.
"SS&C GlobeOp's Capital Movement Index showed a gain of 0.38 per cent for September 2016. This was a slightly smaller gain than the same period last year when the index rose 0.62 per cent," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "Both inflows and outflows were lower than a year ago, consistent with the year-to-date trend. This subdued capital activity
- 14/09/2016
For a second consecutive month, discretionary approaches to opportunities in corporate capital structures, including equity and credit markets, produced the best returns across the hedge fund industry in August.
eVestment’s latest hedge fund performance report reveals that overall, just 56 per cent of the industry produced gains in August, down from 80 per cent in July, which was the best month of broad returns since February 2014.
August was not nearly as beneficial to macro and managed futures funds. The vast majority of funds in both groups declined in August, leaving both lagging most of their hedge fund peers
- 14/09/2016
The Gemini Companies’ affiliate Gemini Alternative Funds has completed a software integration with IASG Alternatives.
As part of a strategic relationship, prospective Gemini Alt investors will have access to the IASG Alternatives managed futures database without leaving Gemini Alt’s Galaxy Plus managed account portal.
IASG’s database will allow Gemini investors to be able to combine investment choices, adjust notional funding levels, and view correlations between advisers.
“Our strategic relationship combines the broad array of alternative strategies offered through the Gemini Alt managed account platform with the portfolio-building experience and technology of IASG’s managed futures database, and delivers all
- 14/09/2016
Business development professional Eugene Tetlow has joined asset management group EisnerAmper in the firm’s financial services practice.
Tetlow will be based in EisnerAmper’s San Francisco office.
Financial services is the largest practice within EisnerAmper, and its asset management group works with executives at hundreds of hedge, private equity and venture capital funds.
Tetlow says: “This is an exciting time to join EisnerAmper as we continue to build the firm’s reputation as the fund manager’s provider of choice for audit, tax, and consulting services. I am especially pleased to help expand our presence in the western region of the
- 14/09/2016
Fair Oaks Capital has partnered with the Alpha UCITS platform to launch the first UCITS fund focused on the global collateralised loan obligation (CLO) market.
The Fair Oaks Dynamic Credit Fund is the first UCITS fund to offer global exposure to senior secured corporate loans through investments in rated CLO securities.
The fund expects to complete the launch of its initial share class on 28 September 2016 at circa EUR150 million.
The fund will be actively managed by Fair Oaks, with a strong emphasis on bottom-up fundamental credit analysis. It will primarily seek exposure to investment-grade rated CLO
- 14/09/2016
Alder Capital DAC, a Dublin-based systematic investment manager, has appointed John Parkin in the newly created role of head of product management.
Parkin will be based in the firm’s planned new London office and will be responsible for the global co-ordination of all product matters including all aspects of product positioning and client communication.
Parkin will also act as chair of Alder Capital’s investment committee and will report to Mark Caslin, Alder’s chief executive and chief investment officer.
The new function and the associated infrastructure investment reflects Alder Capital’s plans to further grow the existing business whilst also
- 14/09/2016
McKay Brothers International (MBI) has reduced transatlantic latency on its Quincy Extreme Data (QED) service to the lowest available for financial market data services.
QED’s new transatlantic fibre capability combined with McKay’s extremely low latency microwave on land in the US and across Europe sets a new speed benchmark for market data services.
The QED service is operating between Aurora, Illinois and Europe at one-way speeds of: to Slough-LD4, 34.619 milliseconds (ms); to Frankfurt-FR2, 36.917 ms; and to Marseilles, 41.444 ms.
“We are thrilled to reduce latency while dramatically expanding QED’s transatlantic content,” says MBI managing director Francois
- 14/09/2016
Cordium, a provider of governance, risk and compliance services, has appointed Michael Corcione as managing director of its cybersecurity and data protection consulting services.
Corcione joins from PwC where he was a director in the cybersecurity, privacy, and financial crimes unit with a focus on asset management and alternative investment firms. He has over 20 years of experience working for alternative investment, financial services technology integrators, and consulting firms.
At Cordium, Corcione will help asset management and alternative investment firms to identify and manage potential cyber risks and threats as well as providing clients with regulatory and compliance
- 14/09/2016
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