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Risk Premia and Smart Beta, investment solutions traditionally defined as strategies that aim to capture risk-adjusted returns and improve portfolio diversification, remain at the forefront of investors’ agendas.
That’s according to a recent survey of investors and intermediaries, primarily institutional, representing close to USD1 trillion of combined assets under management, by Citi’s Prime Finance Capital Introduction team.
Eighty one per cent of respondents are currently investing in, or looking to invest in, Risk Premia solutions, and 83 per cent of those who are currently investing in Risk Premia are doing so through Multi-Factor strategies. The main drivers for Risk Premia
- 12/05/2016
Midwest boutique investment bank XMS Capital Partners (XMS) has launched XA Investments LLC (XAI) to provide a platform in the registered funds space for alternative investments.
The firm has hired Kimberly Flynn as Managing Director of Alternative Investments and John McGarrity as Managing Director and General Counsel to build the XA Investments business. Flynn joins the firm from Nuveen Investments where she served as the Head of Product Development for the Global Structured Products Group which is responsible for the development and management of the firm’s closed-end fund complex. McGarrity joins the firm from River Branch Holdings, where he served
- 12/05/2016
- 12/05/2016
361 Capital an investment firm specialising in alternative mutual funds, has named Jason Leupold as its new Vice President of Trading and Research.
In this role, Leupold will collaborate closely with the other members of the investment team to research market opportunities and identify trading strategies that systematically exploit inefficiencies, thus helping the firm deliver better investing outcomes for advisors and their clients.
Leupold most recently served as a research analyst and market strategist with Boulder, Colorado-based Arches Asset Management, where he specialised in exploiting trends in the commodities market. Leupold also spent nine years working with Crabel Capital Management,
- 12/05/2016
- 12/05/2016
Hedge funds returned 1.19 per cent gross in April according to the SS&C GlobeOp Hedge Fund Performance Index. Hedge fund flows as measured by the SS&C GlobeOp’s Capital Movement Index meanwhile, advanced 0.53 per cent in May.
"Hedge funds saw positive net flows this past month, according to SS&C GlobeOp's Capital Movement Index which gained 0.53 per cent for May of 2016, compared to -1.18 per cent in April. In terms of the year over year comparison, the 0.53 per cent for May was down versus 0.86 per cent for May of 2015, with both inflows and outflows coming in
- 12/05/2016
StepStone Group is to acquire private debt and hedge fund solutions provider Swiss Capital Alternative Investments. Completion of the deal will follow customary regulatory approvals and is expected to close before year end 2016.
Terms of the acquisition have not been disclosed.
Swiss Capital is an international alternative asset manager with more than USD5 billion of assets under management offering customised solutions across a variety of platforms to institutional investors, primarily in Switzerland, Germany and Austria.
As part of the acquisition, StepStone will launch StepStone Private Debt and StepStone Hedge Funds, which will combine StepStone’s global capabilities and significant institutional
- 12/05/2016
Broadridge Financial Solutions has broadened its Global Post Trade Management (GPTM) solution, adding exchange-traded derivatives functionality through the acquisition of Dojima LLC.
Through this acquisition, Broadridge Global Post Trade Management will facilitate central clearing for exchange-traded derivatives, which encompasses connectivity to global clearing houses and exchanges through its global, multi-asset class post-trade solution. Terms of the deal have not been disclosed.
Dojima’s solution, rebranded as Broadridge Derivatives Clearing, a component of GPTM, offers a modern, multi-asset multi-tenant clearing and connectivity platform for exchange-traded and cleared OTC derivatives. Its real-time, rules driven, auto-clearing facilities allow trades to flow seamlessly from global
- 12/05/2016
Muddy Waters Capital, an activist investment firm, has appointed Terrence L Ing as Head of Credit.
Ing will identify opportunities for activism within the corporate credit market, including investment grade credits that could re-rate to high-yield, and in companies with financial statements that obscure economic reality through heavy use of financial engineering. Ing will also assist Muddy Waters with expressing its views through derivatives and various securities across the capital structure.
Prior to Muddy Waters, Ing served as a portfolio manager and senior analyst for PIMCO's USD3.3 billion Global Credit Opportunity Hedge Fund, where he focused on cross sector credit
- 12/05/2016
April hedge fund returns were generally positive with 2/3 of reporting funds up during the month, but smaller funds outperformed larger managers, a trend which has persisted throughout the year, according to eVestment’s latest Hedge Fund Performance report.
Commodity funds excelled in April and distressed funds rebounded for a second consecutive month. There were pockets of losses from macro and large managed futures funds which weighed on industry returns.
Commodity hedge funds produced average aggregate returns of +4.10 per cent in April, bringing YTD returns to +6.01 per cent. The group benefitted from a surge of higher prices across the
- 12/05/2016
China is in the midst of a poor-quality rebound, says Geraud Charpin, Portfolio Manager, BlueBay…
Risk assets were trading weaker in the past week amidst volatility in currencies, an unconvincing earnings trend dotted with notable misses and the realisation that asset prices have gone up again while global economic conditions are getting more stretched rather than stronger. A number of themes were discussed across desks and it is macro themes rather than bottom up stories occupying the minds of our analysts.
There are a lot of discussions across the firm about whether China should matter in the here and
- 12/05/2016
Professor Riccardo Rebonato, a specialist in interest rate risk modelling with applications to bond portfolio management and fixed-income derivatives pricing, has joined EDHEC-Risk Institute. He has also joined the EDHEC Faculty.
Professor Rebonato was previously Global Head of Rates and FX Research at PIMCO. He also served as Head of Front Office Risk Management and Head of Clients Analytics, Global Head of Market Risk and Global Head of Quantitative Research at Royal Bank of Scotland (RBS). Prior joining RBS, he was Head of Complex IR Derivatives Trading and Head of Head of Derivatives Research at Barclays Capital. Riccardo Rebonato has
- 11/05/2016
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