Funds
Assets tracking Scientific Beta’s smart beta indices reached USD48 billion at 30 June, 2019, an increase of USD14 billion or 40 per cent year-on-year growth.
Noël Amenc, CEO of Scientific Beta, says: “In a challenging market environment for factor strategies, we have been very heartened by the continued growth of Scientific Beta’s assets under replication. We think that our success is based on transparency on explicit and implicit risks and the capacity to manage these risks using the risk-control options that are offered for all of our flagship multi-beta multi-strategy indices.”
Scientific Beta’s indices are based on an investment philosophy
CreativeCap Advisors, a global business advisory firm exclusively focused on asset managers, has ubveiled its second class, S’19, for the Global Emerging Manager Incubator.
The S’19 cohort includes: Navis Capital Partners’ Yield Fund, Tareo Capital Management and Pisano Capital.
“We are incredibly excited to announce our newest cohort, S’19. This round of Incubatees comes from a range of different countries illustrating our global commitment to funds worldwide,” says Tyra S Jeffries, Founder and CEO of CreativeCap Advisors. “Our program continues to be very competitive following our core mission of identifying and developing only the best-in-class emerging fund managers. Our class
PEAK6, a Chicago-based investment and technology firm, has acquired Electronic Transaction Clearing (ETC), a custodian and clearing provider with a technology-driven approach to serving the institutional and professional trading marketplace.
ETC’s institutional orientation will expand PEAK6’s footprint in custody and clearing and is a direct complement to one of its core businesses, Apex Clearing, which is primarily focused on the retail marketplace. The transaction will align ETC and Apex, two firms with a shared mission to improve foundational financial processes with technology, and position both organisations as alternatives to traditional custodians through the delivery of flexible, customisable, digital solutions that
Trium Capital, a London-based alternative asset manager, has brought quantitative investment group Sabre Fund Management (Sabre) into its multi-boutique structure. Sabre, established in 1982, is one of Europe’s longest-running hedge fund firms.
Sabre’s award-winning Quantitative Equity Arbitrage fund has a 17-year track record. The fund, which is equity market neutral, has been managed by Dan Jelicic, Chief Investment Officer, since its inception and has returned 166.56% in the 17 years since its since launch (Aug 2002-July 2019).
Alongside this pioneering strategy, Sabre also brings its successful Sabre Dynamic Equity fund, launched in 2013, which incorporates an element of directionality,
Following a strong July, CTAs reported positive performance again in August. The SG CTA Index was up +3.45 per cent, adding to gains of over +10 per cent YTD, which would put them on track for their best year since 2014.
Short-term CTAs also made performance gains in August, up +1.84 per cent, but returns were mixed with seven out of ten constituent managers positive with the rest negative. Trend followers continued to do well and extend gains, as the SG Trend Index was up +6.52 per cent and +19.96 per cent YTD.
Attribution data from the SG Trend
Waratah Capital Advisors has launched the firm’s first liquid alternative mutual fund, the Waratah Alternative Equity Income Fund (WCAL4F).
The new offering will operate pari-passu with one of Waratah’s flagship strategies, the Waratah Income Fund, providing high net worth (HNW) retail investors and their advisors with direct access to Waratah fund manager Jeannine LiChong.
Liquid alternatives provide portfolio construction tools which offer the potential for added diversification and risk-adjusted returns. The Waratah Alternative Equity Income Fund is a long biased actively managed portfolio of North American equities, with a focus on Canada. The fund has the ability to use options and short
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered a total volume of 223.1 TWh traded on the platform in August 2019, up 48 per cent compared to 2018.
Those strong results were driven by the great performance of both spot and futures segments, which registered 114.7 TWh and 108.4 TWh respectively.
The Dutch TTF spot market contributed to this dynamic and reported its second best month with 54.4TWh exchanged on the platform (record month in May 2019 with 66.9 TWh).
On the futures segment, NCG has reported its best results since 2016 with
Dynamic Funds has launched its fourth liquid alternative offering – Dynamic Credit Absolute Return II Fund – a credit-driven solution that is managed using investment strategies beyond the reach of a traditional mutual fund.
“We are pleased our liquid alternative line-up has been so well received – our liquid alternatives are a natural evolution for us, as Dynamic has a long history of providing both traditional mutual funds and hedge funds to Canadian investors,” says Neal Kerr, President & CEO, Dynamic Funds.
This latest Fund extends the recently launched suite of liquid alternatives, which include: Dynamic Alpha Performance II
Active investment manager Allianz Global Investors (AllianzGI) has launched the Allianz US Micro Cap Equity Fund, which will be available as an OEIC (Open Ended Investment Company).
The fund aims to provide UK investors with access to US micro-cap equities which, as an asset class, have a strong performance history. The asset class’s strong total return can be explained by inefficient information flow, lack of institutional investor presence, and significant company level growth opportunities.
The fund’s objective is long-term capital appreciation, achieved by investing in companies undergoing positive fundamental change. Specifically, these are transformative company initiatives or industry growth
The European Energy Exchange (EEX) increased its volume on the power derivatives market by 4 per cent in August to 282.2 TWh compared to the previous year (August 2018: 271.3 TWh).
The Dutch power market recorded the largest growth rate of 62 per cent with a volume of 2.1 TWh (August 2018: 1.3 TWh). On the markets for Central- and South-Eastern Europe, trading volumes increased by 50 per cent to 15.5 TWh (August 2018: 10.4 TWh). The German Phelix-DE market contributed the largest share to the overall volume at 193.8 TWh and a year-on-year increase of 28 per cent (August
