Funds
Volatility across asset classes will remain elevated as global economies grapple with the continued coronavirus lockdown, with Black Swan events appearing “all too often”, according to BlueBay Asset Management.
Quest Partners, a New York-based systematic CTA, has carved out a strong track record over the past two decades, tapping into market opportunities arising out of volatility swings and increased tail risk in assets using a nimble short-term approach that enables it to switch in and out of positions quickly.
The market rebound since 23 March has fuelled strategies with a higher market beta such as Special Situations (+3.8 per cent) and Directional L/S (+1.7 per cent), according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. The former has nonetheless cut its market beta during the selloff and thus lagged the recovery in risk assets.
Market Neutral L/S is the only strategy in negative territory month-to-date (-0.9 per cent), a strategy on which we maintain an Underweight stance. CTAs also underperformed (+0.7 per cent) but considering their resiliency during the turmoil in February and March, it remains the
Apex Group, a global financial services provider, and Triple Point Liquidity (Triple Point), a New York City based financial technology startup, have partnered to deliver an enhanced Transfer Agency platform to clients.Apex delivers a single-source solution to asset managers, capital markets and private clients via 40-plus offices and 3,500 employees worldwide. The partnership with Triple Point further enhances this offering through the integration of its innovative registrar and transfer agency platform to better manage their liquidity through one integrated best-in-class platform.
The partnership will enable Apex clients to leverage secondary market experts and experience through Hedgebay Securities (Hedgebay), a FINRA
Doug King, CEO and CIO of RCMA Capital’s long-running Merchant Commodity Fund, has described Covid-19 as an “out-and-out demand shock” to oil markets that cannot be solved or cured by governments and central banks.
The recent crash in commodities markets hints at longer-term lower prices as the sector grapples with lower industrial demand for energy and a looming consumer-led recession, the veteran oil and commodities specialist added.
The Merchant Commodity Fund – which trades commodity derivative markets by combining a fundamental supply-and-demand analysis with real-world cash price information – has surged during recent oil volatility. It gained 31 per cent
Scorable has launched a second product to enhance the scope and accuracy of its credit risk analysis, helping fixed-income managers make better investment decisions. The company’s innovative artificial intelligence (AI) solution enables asset managers to monitor corporate bonds and credit spreads and to anticipate rating changes before they occur or markets price them in.
With Covid-19 and the oil price collapse causing massive turmoil in financial markets, careful risk management is more important than ever. More than $92 billion of corporate debt fell to high yield from investment grade in March, and an end to the downward spiral is not in
Blackstone saw its hedge fund performance fall more than 8 per cent during a torrid first quarter – but the world’s largest alternative investment manager has grown its overall assets over the past year, and now has USD150 billion in “dry powder” assets to put to work.
ORIX Corporation USA (ORIX USA) is to sell Mariner Investment Group (Mariner) to Curtis Arledge, Mariner Chairman and CEO, William Michaelcheck, Mariner Founder, Partner and Co-Chief Investment Officer and other senior members of the firm.
The transaction aligns with ORIX USA’s objective to consolidate the company’s investment capital and asset management strategy in the US, with a focus on alternative assets, including private credit, real estate and private equity. As an independent company, Mariner will continue to provide its investors with fixed income relative value and credit strategies in the public and private markets.
As part of the transaction, ORIX
Many discretionary macro managers are successfully capitalising on the continuing global economic upheaval, with solid first quarter gains that may hint at a reversal of fortunes for a strategy beleaguered by assorted challenges and high-profile closures in recent years.
Macro funds – which aim to profit from unfolding macroeconomic trends and political events by trading an array of instruments spanning currencies, rates, bonds, commodities, futures and more – have struggled to maintain consistent performance since their strong showing in the 2008 global financial crisis.
Historically low interest rates, continued central bank stimulus and more predictable volatility patterns have made it tricky
Trend following hedge fund strategies are maintaining their recent positive momentum, with Société Générale’s CTA indices broadly showing further gains in April as fresh turmoil in commodities markets underpin continuing market uncertainty.
