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Zuma Bay Capital, a California registered investment advisor (RIA), has launched the Zuma Bay Volatility Fund, which aims to deliver consistent market-neutral returns with limited downside exposure.
The fund utilises a strategy that trades S&P 500 volatility (ie VIX) derivatives, namely VIX ETFs/ETNs and vertical spreads on their related options. The manager implements a proprietary quantitative model using market data and macroeconomic inputs to forecast changes in the VIX in order to optimise trade timing and limit downside risk.
“We are very excited about the launch of this fund. It utilises a volatility trading strategy that we developed for
- 06/07/2015
EI Sturdza Investment Funds has launched of the EI Sturdza Strategic European Smaller Companies Fund, which will be managed by Bertrand Faure and his team of European equity investment experts.
The new fund will hold a concentrated portfolio of 20 to 30 investments selected from a universe of approximately 2,000 Western European small and medium capitalisation companies. This specific universe has been covered on a daily basis by the Investment Adviser’s team for more than 13 years.
The Investment Adviser will seek to invest in securities of companies with reliable management teams and priced significantly below their intrinsic value.
- 06/07/2015
Steamboat Capital Partners has launched its event-driven, long-short strategy on the Sciens Managed Account Platform. Steamboat is a fundamental, value oriented investment firm that specialises in undervalued and catalyst driven investments.
The vehicle on the Sciens Managed Account Platform follows an opportunistic investment strategy primarily in US listed equity and debt securities across the market capitalisation spectrum, industry sectors and capital structures, with a focus on capital preservation. The strategy is deploying minimal leverage and has a long term investment horizon. The portfolio is concentrated in high conviction ideas on both the long and the short sides.
The strategy
- 06/07/2015
The lack of hedge funds’ excess returns since the financial crisis put the industry under rising pressure. In this 12th edition of the White Paper, we review the causes and identify the key hedge fund performance drivers. We put to test these drivers under three long-term macro-economic scenarios. It is reasonable, in our view, to expect hedge funds to deliver an annual excess returns in the 5-6 per cent range above the Libor 3M, with low volatility.
Criticism against the lack of hedge funds outperformance climaxed in 2014. Hedge funds have underperformed traditional asset classes since the financial crisis. Despite
- 06/07/2015
- 06/07/2015
Curious about a vendor’s security? Download Intralink's guidelines on how to get a more in-depth look at privacy and data security controls when considering a cloud SaaS provider.
- 06/07/2015
June was a choppy month with reversals and sell-offs across most asset classes as investors digested Mario Draghi’s comments on expecting high volatility for bonds followed in the second half of the month by the risk escalation in Greece.
Negative monthly returns were seen in global equities, bonds, investment grade and high yield credit, the US dollar and hedge funds.
For the first half of the year US dollar strength was notable, with the US Dollar index up 5.8 per cent. Global equities were also positive but with dispersion in performance led by Japan, China and Europe over the
- 06/07/2015
Emerging manager acceleration specialist NewAlpha Asset Management and Emergence, France’s seeding fund sponsored by 15 institutional investors, have made a strategic investment in Finaltis.
With EUR35 million provided by Emergence Actions, the Finaltis EfficientBeta Euro fund is now able to meet the needs of French and international institutional investors. The certification granted by Emergence allows Finaltis to improve the visibility of its brand and to become an active player within the French long-only asset management landscape.
Finaltis EfficientBeta Euro is positioned in the fast growing arena of Smart Beta, a widespread invetsment style in northern Europe and in the US.
- 06/07/2015
- 06/07/2015
Monthly average daily volume (ADV) and monthly total volume, both exchange-wide at CFE and for futures on the CBOE Volatility Index (VIX Index), rose from last month and from year-ago levels.
June total volumes hit highs for 2015, surpassing previous monthly highs set in January.

June ADV in VIX futures was 210,963 contracts, an increase of 21 per cent from both May 2015 and June 2014. Total volume in VIX futures for June was 4.6 million contracts, an increase of 33 per cent from the previous month and 27 per cent from a year ago.

Exchange-wide ADV at CFE was
- 03/07/2015
Euronext posted its strongest six-month trading volume performance since the end of 2011 in the first six months of 2015, supported by favourable economic conditions.
The June 2015 average daily transaction value on the Euronext cash order book stood at EUR9,202 million (+54 per cent compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR587 million, up 106 per cent compared to June 2014.
Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up
- 03/07/2015
All six of Market Vectors Index Solutions’ (MVIS) investable Long/Short Equity Indices recorded negative performance in June.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The month’s biggest loser was the Market Vectors Emerging Markets Long/Short Equity Index with a return of -1.91% followed by the Market Vectors Global Event Long/Short Equity Index (-1.42%), the Market Vectors North America Long/Short Equity Index (-1.39%), the Market Vectors Asia (Developed) Long/Short Equity Index (-1.38%), the Market Vectors Global Long/Short Equity Index (-0.85%) and the
- 03/07/2015
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