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Boutique asset manager Unigestion has launched a long/short strategy, the second of two factor funds created in collaboration with its client Railpen, which were announced in January.
The first of the strategies, the long only “Equity Compass” strategy, which launched in December 2015, has attracted GBP50 million of assets and has returned 5 per cent in the first six months since launch, outperforming its benchmark by more than 3 per cent.
Following this success, the long /short “Alternative Equity Compass” strategy was launched mid-May 2016 and the strategy has already proven successful, having performed well during the days following
- 19/07/2016
BCP Asset Management and Apex Fund Services have signed a partnership agreement for fund administration services.
As part of the recent acquisition of four High Street buildings in a prime Dublin 2 location by BCP and Meyer Bergman, BCP has launched two new funds with global independent administrator Apex Fund Services: The Kells Investment Fund I and Kells Investment Fund II.
The BCP acquisition was in partnership with Meyer Bergman and is valued in excess of EUR100 million.
BCP, an independently owned investment manager in the Irish market, has over EUR2 billion in assets under management. Apex Fund
- 18/07/2016
- 18/07/2016
Funds of hedge funds (FoHF) have gone from accounting for nearly 50 per cent of all hedge funds assets under management (AUM) in 2008 to 28.3 per cent in 2016, according to eVestment’s latest Fund of Hedge Funds Industry Report.
Over the last four quarters, net investor flows were -USD50.3 billion, while HF’s flows were essentially flat, at +USD0.34 billion. eVestment believes this suggests that while FoHF money is coming out, it is being replaced by other investors.
FoHFs have been dealing with investor sentiment by reducing fees. Management fees have been in decline since 2010, falling from an average
- 18/07/2016
Hedge funds posted gains through mid-July as the HFRX Market Directional Index gained 2.17 per cent and the HFRX Global Hedge Fund Index gained 1.03 per cent through mid-month.
HFRX Event Driven Index posted a gain of 1.56 per cent through mid-July, extending its strong performance from prior months.
The HFRX Distressed Index posted a gain 3.21 per cent for month, with contributions from exposure to the basic materials and consumer sectors.
The HFRX Special Situations Index gained 1.11 per cent from core positioning in LinkedIn, SABMiller, Yahoo and Macquarie Infrastructure.
The HFRX Merger Arbitrage Index declined
- 18/07/2016
- 18/07/2016
After three consecutive positive monthly results the UCITS HFS Index has seen a draw-down again, reporting losses of 0.41 per cent in June 2016.
The broad index started slowly into the month, posting marginal gains and losses of 0.02 per cent and -0.05 per cent in week one and two respectively.
The biggest hit for the UCITS HFS Index came not in the week of the Brexit referendum itself, but in the week before (week three) with losses of 0.49 per cent. In the fourth week of trading small losses of 0.08 per cent proved that the majority of
- 18/07/2016
- 18/07/2016
The European Energy Exchange (EEX) has been re-appointed as the common auction platform for CO2 emission allowances, following the completion of a joint procurement procedure.
The European Commission has signed a contract with EEX and its clearing house European Commodity Clearing (ECC) for running Europe-wide primary market emissions auctions on behalf of 25 participating member states for another period of up to five years.
“We are very pleased to continue our services for the European Commission and the participating EU member states”, says Peter Reitz, chief executive officer of EEX. “The new contract testifies to the role of EEX
- 18/07/2016
The Preqin All-Strategies Hedge Fund benchmark reveals that hedge fund performance stabilised in the second quarter of 2016 following a volatile start to the year, and recovered from losses seen in Q1.
The industry posted gains of 0.15 per cent in June, despite global market turbulence leading up to and following the Brexit vote; this represents a fourth consecutive month of positive performance.
his streak of positive industry performance has resulted in hedge funds reporting returns of 2.15 per cent for the second quarter, which in turn, has driven overall gains of 1.36 per cent through H1 2016. Despite
- 18/07/2016
HedgePole has launched the first public release of HEDGEDATA, a data and technology platform for alternatives which has been used by its clients for over a decade now.
The platform capability has been extended to bring together data owners (managers) and data users community (investors and service providers) and host clean and up-to-date alternative funds reference data, pricing updates and related documents whilst leaving the manager in full control of data access rights.
With HEDGEDATA, HedgePole forms the most innovative concept for the alternative funds data marketplace. While most of the accessible data platforms focus on the manager screening and
- 16/07/2016
The Lyxor Hedge Fund Index was down 0.9 per cent in June, with three out of 10 Lyxor indices ending the month with a positive performance.
Low directional strategies fared better.
CTAs, with their defensive positioning, thrived on most of their positions. They once again confirmed their hedging benefit.
Merger arbitrage funds were reasonably isolated from the Brexit shockwave, benefiting from several deal completions.
“Brexit is likely to keep elevated assets volatility and result in greater differentiation across European markets. This should be generally beneficial for Hedge funds, for relative value and nimble styles in particular. Meanwhile,
- 15/07/2016
American Beacon Advisors, a provider of investment advisory services to institutional and retail markets, has completed an investment of a minority interest in ARK Investment Management, a New York based federally registered investment adviser that offers registered and unregistered investment products, including a suite of exchange-traded funds (ETFs) focused on disruptive innovation.
While terms of the deal are undisclosed, this partnership will not impact ARK’s investment process or its other business initiatives.
“The thematic investment process and manager expertise of Catherine Wood and her team at ARK represent the institutional quality and enduring value we strive to bring to
- 15/07/2016
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