Funds
ThirdYear Capital, a Munich-based quantitative macro specialist, has paired up with Cologne-based fund initiator Agathon Capital to unveil a new systematic global macro hedge fund strategy which targets opportunities stemming from short-term economic data trends.
The ART Global Macro Fund uses near-term economic forecasts to identify trading opportunities in fundamental financial trends as well as turning points in capital markets.
The fund, which launched last month with EUR20 million (USD23.6 million) in seed capital, trades a range of liquid and exchange-traded instruments including equities, government bond, inflation and currency futures, and can use derivatives to build short positions.
ThirdYear’s absolute
Managed futures funds turned in another positive month in August returning 0.18 per cent, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. Year-to-date, CTAs are up 2.73 per cent through August.
“The S&P 500 extended its on-going rally to five months, prices for energy and precious metals rose and the US dollar continued to weaken against most currencies,” says Sol Waksman, president of BarclayHedge. “Other futures markets were not as accommodating as evidenced by an even split on the month between winning and losing funds.”
Sectors making up the Barclay CTA Indices were also evenly
Bloomberg and Goldman Sachs Asset Management (GSAM) have launched a comprehensive suite of 21 alternative risk premia benchmark indices. The Bloomberg GSAM Risk Premia Indices, available through the Bloomberg Terminal, represent fully transparent and replicable indices of widely accepted alternative risk premia styles for liquid, rules-based investment strategies.
These new indices combine Bloomberg’s years of experience in systematic strategies research with the field expertise and research insights from GSAM’s Quantitative Investment Strategies team, as well as valuable feedback from asset owners and consultants. The indices are replicable, transparent and represent investment styles for which there is practitioner consensus, supporting academic
As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42 per cent in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 7.19 per cent in August.
For the year-to-date, the hedge fund industry added to its gains in August, returning 2.40 per cent for 2020. The S&P Total Return Index returned 9.74 per cent over the same period.
All but three hedge fund sectors tracked by the Barclay Hedge Fund Indices
Paris-based systematic hedge fund Quantology Capital Management – which trades US equities using a quarterly earnings-based quant model – has generated positive returns from IT and internet positions, and now sees US markets firmly in “risk on” territory.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 1.13 per cent in August, underperforming the 1.54 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“Markets continued to rally in August as optimism surrounding the rapid development of a COVID-19 vaccine helped drive markets to historic highs,” says Jason Schwarz, Chief Operating Officer of Wilshire
Activist-focused managers comfortably outperformed other strategy types last month, as the hedge fund industry continues to recover from the Covid-19 turmoil with solid August gains and positive year-to-date returns, new eVestment data shows.
Activism-focused hedge funds rose 7.88 per cent in August. Known – and sometimes feared – for their often-combative approaches to investing, which include a range of tactics and methods to effect board level change and improve shareholder value, such funds have now made 3.25 per cent on average this year, eVestment said.
That number is still down sharply from their 17.46 per cent gain last year, which
Dynamo Software, a provider of cloud software for the alternative investment industry, has acquired Imagineer Technology Group. The acquisition adds significant value across Dynamo’s product set and brings Dynamo’s customer base to over 1,000 clients of its CRM, deal management, portfolio monitoring, and investor reporting capabilities. Dynamo, majority-owned by San Francisco-based private equity firm Francisco Partners, did not disclose the terms of the deal.
Based in New York City, Imagineer has been a leading provider and significant software innovator in the alternative investment sector since 1998, providing CRM, investor relations, and reporting software for some of the highest profile hedge funds
A number of high-profile hedge funds are again ramping up bets against UK supermarket giant Sainsbury’s.
Third Point, along with AHL and GLG Partners, Man Group’s systematic and discretionary hedge fund units, have increased their short positions in the UK supermarket giant recently, according to regulatory disclosures made to the FCA since the start of September.
BlackRock Investment Management has also built a 2.65 per cent net short in the FTSE 100 company, while Citadel and Pelham Capital also maintain negative wagers against what is now regarded as the UK’s most shorted stock.
Sainsbury’s share price has fallen over the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2020 measured 1.74 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.34 per cent in September.
“SS&C GlobeOp’s Capital Movement Index for September 2020 of 0.34 per cent indicates positive net flows for the month and represents an increase from net inflows of 0.25 per cent for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Moreover, September 2020 is the fourth consecutive month of favorable year-over-year comparisons in capital flows; we believe confidence
