Funds
The SS&C GlobeOp Forward Redemption Indicator for August 2019 measured 3.41 per cent, up from 2.69 per cent in July.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.41 per cent for August 2019, though up from the 2.73 per cent reported a year ago for August 2018, closely matched the 5-year historical average for the calendar month and was well below longer-term averages,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Together with other recent data points, this indicates hedge fund asset retention remains stable, despite swings in equity markets, sharp changes in interest rates, and uncertainty in world
The Braddock Multi-Strategy Income Fund has crossed the USD500 million benchmark in assets under management and received a five-star overall Morningstar Rating from among 297 funds in the Multisector Bond Fund Category as of 31 July, 2019 based on its risk-adjusted returns.
Liberty Street Advisors is the investment advisor to the Fund. Braddock Financial is the Fund’s sub-advisor.
In addition, Braddock has hired Kenneth Cramer as Braddock’s new Senior Investment Analyst. Cramer has seven years of investment and financial markets experience. Prior to joining Braddock, he was a Senior Associate at Pacific Investment Management Company (PIMCO) in the Product Strategy group. There
Strong uptrends in equities, bonds, the US Dollar and gold helped push managed futures funds to another profitable month. CTA funds posted a 0.98 per cent return in July, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions.
For the year-to-date, CTA funds finished July up 5.24 per cent.
“US-China trade war concerns coupled with the very real possibility of a no-deal Brexit and expectations of Fed loosening set the stage for big moves in equity, fixed income, currency and precious metals markets,” says Sol Waksman (pictured), president of BarclayHedge. “Momentum traders reaped the rewards
Neptune Networks (Neptune) has launched a new composite product, produced in collaboration with CME Group, to provide clients access to a ‘higher quality representation’ of the global bond market.
This latest addition to Neptune, a consortium of sell-side banks that provide bond market data to buy-side clients, has been sourced from data calculated from a combination of AXE/INV positions and two-way streams. Due to Neptune’s existing distribution channel, the company says the data received is of a superior level, creating a higher quality composite.
“The finance industry is quickly adapting to a new world of data. Evolving demand resulting in
The TAO Alternatives liquid alternative investment strategy has, as of July 2019, reached a 7.01 per cent net YTD for its Diamond I SICAV (LU1680844807) on the LRI Group UCITS platform. LRI Group is an investment services company and part of the global Apex Group.
The TAO Alternatives Strategy is recognised as being one of the longest standing in the Macro/Risk Premia space, with a track record stretching back over 12 years.
The strategy has a unique investment approach developed by Achim Motamedi (pictured), LRI Group Fund Manager for the Diamond I SICAV. The aim of the investment approach
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2019 measured 0.42 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.38 per cent in August.
“SS&C GlobeOp’s Capital Movement Index for August 2019 was 0.38 per cent, reflecting increased net inflows compared to 0.21 per cent net inflows for the same period a year ago,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The hedge fund sector’s ability to attract and retain assets in the current highly volatile market environment is truly impressive.”
Hedge funds had another positive month in July, returning 0.44 per cent according to the Barclay Hedge Fund Index, compiled by BarclayHedge. By comparison, the S&P Total Return Index was up 0.66 per cent in July.
Hedge funds continue to build on their solid performance in the first half of the year, finishing July with a 7.68 per cent year-to-date return and positive returns in six of the past seven months. The S&P Total Return Index was up 21.69 per cent year-to-date through 31 July.
“Anticipation of the first interest rate cut by the Fed in more than ten years
Rational Funds has launched the Rational Special Situations Income Fund (RFXIX), which utilises an investment strategy primarily focused on non-agency residential mortgage backed securities.
The fund, which originally launched as a hedge fund in 2009 and was converted into a mutual fund by Rational Funds, retains the same strategy and management team and has an average annualised return of over 16 per cent since inception. The fund’s investment objective is total return consisting of capital appreciation and income.
RFXIX, which is Rational Funds’ third hedge fund conversion, invests primarily in pre-2008 non-agency residential mortgage backed securities (NARMBS) which have more
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.55 per cent in July, underperforming the 0.77 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.
“Markets were mixed as investors processed anticipated monetary policy communication from the Federal Reserve, as well as ongoing geopolitical concerns such as trade negotiations,” says Jason
The Eurekahedge Hedge Fund Index was up 0.69 per cent in July bringing their year-to-date return to 6.56 per cent as global equity markets edged higher following expectations over a Fed rate cut.
The MSCI ACWI (Local) was up 0.83 per cent in July and 15.33 per cent as of July 2019 year-to-date supported by the gains in developed market equities and bonds over the month.
The MSCI ACWI (Local) ended the month up 0.83 per cent with US equities outperforming other markets. On the other hand, the trade dispute between Japan and South Korea, together with lacklustre economic data in
