Funds
Guardian Capital (Guardian) has converted the Guardian Strategic Income Fund from a private offering, launched in May 2013, and available only to accredited investors, to an alternative mutual fund.
The Fund is available through prospectus in Series A (fund code GCG 502), Series F (fund code GCG 602), and Series I units, each subject to specific terms and means of entry.
The change in Canadian securities rules, to permit the sale of alternative mutual funds to a broader audience, has provided investors with the opportunity to add a sophisticated level of diversification to their portfolios. Alternative mutual funds are similar
The hedge fund industry broke free from a four-month redemption streak in October with USD1.9 billion in net inflows for the month.
October’s inflows represented 0.1 per cent of industry assets and were a turnaround from September’s USD14.7 billion in redemptions, according to the Barclay Fund Flow Indicator published by BarclayHedge.
Coupled with USD14.7 billion in October trading profits, the inflows brought total industry assets to more than USD3.13 trillion as the month ended, up from USD3.05 trillion at the end of September.
October’s net inflows came despite troubling economic news that led to significant redemptions from hedge funds in
INTL FCStone has executed a definitive sale and purchase agreement to acquire the brokerage businesses of Tellimer Group.
This transaction will involve the purchase of Exotix Partners, Tellimer Capital Ltd (Nigeria) and the broking business of Tellimer Markets Inc. The closing of this transaction is subject to limited conditions including regulatory approval.
Tellimer (formerly Exotix) has been a leader for twenty years in providing institutional investors, corporates, and governments access to the most dynamic and complex financial markets in the world. With offices in London, Dubai, Lagos and New York, the broking business covers over 170 trading markets in Equities
Europe’s leading global insights platform, Atheneum, has planted more than 22,000 trees in over 10 months as part of its initiative to tackle global deforestation.
Atheneum’s platform provides a gateway to reliable industry knowledge, sought after by renowned investment firms, leading global corporations and well-known professional service firms.
In partnership with environmental charity One Tree Planted, Atheneum is committed to planting one tree for each expert interview conducted.
By collaborating with One Tree Planted, Atheneum has helped to rebuild ecosystems and support communities across the globe. Since the collaboration start in February 2019, a total of 22,168 trees have
Cindicator, an international fintech company, has launched the first quantitative crypto hedge fund powered by Hybrid Intelligence.
Cindicator Capital is an ecosystemic fund, based on an alpha-generating vehicle including thousands of decentralised analysts from 135 countries. The data flow of millions of forecasts from the analytical platform (app.cindicator.com) is enhanced with machine learning models and then feeds a variety of algorithmic strategies. Additionally, the fund develops strategies based on quantitative research on a variety of data sets.
Part of the fund’s revenues will be used to reward analysts for correct forecasts in proportion to their intellectual efforts and the quality
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2019 measured 1.38 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.24 per cent in December.
“SS&C GlobeOp’s Capital Movement Index for December 2019 was 0.24 per cent, reflecting net inflows into hedge funds. These net inflows were lower than the 0.62 per cent net inflows reported a year ago but were well within the normal variation range,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The full year 2019 net flows were closely in line with the full year
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.57 per cent in November, underperforming the 1.03 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Similar to last month, equities continued to rally throughout November as market participants appeared optimistic regarding a future trade deal, manufacturing improvement, and central bank support,”
As part of a wide ranging 2020 industry trend outlook, a survey of US asset managers and asset owners conducted by State Street Corporation predicts continued prevalence of digital assets as well as a bigger role in the industry for semi-transparent active ETFs.
Given the more supportive regulatory stance the Securities and Exchange Commission (SEC) has recently taken toward semi-transparent active ETFs, many respondents now see a much bigger role for these vehicles in the market. Nearly half (47 per cent) say semi-transparent ETFs will play a significant role in their firm’s future portfolio strategy. Similarly, 46 per cent of
Napoleon AM has launched the Napoleon Bitcoin Fund, a Specialized Professional Fund under the French law, with daily liquidity, and one of the first regulated vehicles in the world offering exposure to the performance of Bitcoin, the main digital asset.
The fund aims to replicate the performance of Bitcoin via Futures listed on the Chicago Mercantile Exchange in cash settlement, thereby avoiding the problem of storing and valuing Bitcoin. It offers daily liquidity to investors and uses the services of Financière d’Uzès as Custodian and PwC as Auditor to meet client standards.
As the first digital asset, Napoleon AM says
After two straight down months, the managed futures industry reversed course in November posting a 0.40 per cent monthly return, according to the Barclay CTA Index compiled by BarclayHedge. Year-to-date, CTA funds posted a 5.04 per cent return through the end of November.
“Trend followers were rewarded as the equity market extended their rally for another month,” says Sol Waksman, president of BarclayHedge. “Energy markets were mixed; crude oil prices rose while natural gas lost. In the agriculture sector, coffee and wheat advanced but corn and soybeans declined.”
All but two CTA sectors were in positive territory for November. The
