Funds
The Eurekahedge Hedge Fund Index rallied 1.82 per cent in June, supported by the strong equity market performance on the back of optimism over the progress of US-China trade talk.
Despite mixed economic data during the month, trade optimism and dovish central bank posturing saw the MSCI ACWI (Local) post gains of 5.41 per cent. Returns were positive across geographic mandates in June, with North American fund managers gaining 2.11 per cent and Asia ex-Japan fund managers up 2.18 per cent. Fund managers utilising equity long-bias strategies gained 3.06 per cent throughout the month, bringing their year-to-date return to 10.56
Following a slight dip in May, CTAs bounced back last month, with all of Societe Generale’s SG CTA indices reporting positive performance.
The SG CTA Index was up +2.45 per cent and built on earlier positive returns to +4.72% YTD. Trend followers led performance as the Index was up +2.75 per cent and +7.43 per cent YTD. Short-term strategies also benefitted from the strong performance in June as the Index was up +2.03 per cent and is now in positive territory for the year.
Trend followers’ gains in June were driven by equity markets and bonds, with the extension of strong
Man Group, a global active investment management firm, has launched Man Group ESG Analytics, a proprietary, dashboard-style tool enabling the firm’s investment teams to monitor non-financial risks and analyse environmental, social and governance (ESG) factors across single issuers, portfolios and indices.
The tool, which further enhances Man Group’s responsible investment (RI) capabilities, also features stewardship data, offering a real-time overview of a portfolio’s proxy voting performance and statistics.
Man Group ESG Analytics was developed internally under the direction of Man Group’s Responsible Investment team, with close collaboration between Man Numeric (the firm’s fundamentally-driven, quantitative investment engine) and Man Group’s
Paris-based quantitative asset manager TOBAM has adopted a carbon footprint reduction policy across its Anti-Benchmark Credit strategies.
This systematic carbon footprint reduction of at least 20 per cent versus the reference benchmark’s carbon footprint is now being applied to fixed income portfolios. The announcement comes after TOBAM had previously introduced a carbon footprint reduction policy across its equity portfolios in June 2018, showcasing TOBAM’s commitment to sustainability.
TOBAM’s quantitative approach allows them to adopt sustainable initiatives at the portfolio level, without compromising the portfolio’s diversification characteristics.
The move is set to further cement the environmental, social and governance commitments taken
Pico, a provider of technology services for the global financial markets community, is to acquire Corvil, a specialist in real-time analytics and machine intelligence products for financial markets infrastructure performance and operations.
“With Pico as a premiere technology service provider to the capital markets, our clients have benefited from access to a wide range of top trading technologies within the Pico environment,” says Jarrod Yuster (pictured), Founder and CEO of Pico. “Corvil’s reputation is second to none for innovation, quality, and data analytics in the financial markets, and we have come to rely on their data to support mission-critical systems. Our
Although the macroeconomic picture for Europe has been muted in the past 24 months, the continent’s alternatives industry is moving from strength to strength, according to Preqin’s second annual Alternatives in Europe report in published in partnership with Amundi.
2018 has seen record activity across most alternative asset classes, with Europe-based alternative asset fund managers holding EUR1.62 trillion in AUM as of the end of June 2018 – up almost EUR300 billion in just three years.
The opportunities present in Europe are apparent to investors globally – almost half of the institutions with a preference for the region are now
INDOS Financial, an independent fund depositary and oversight business, has selected Vigeo Eiris to provide Environmental, Social, Governance (ESG) data to support its independent ESG screening and verification service to asset managers and their stakeholders.
Under terms of the agreement, Vigeo Eiris will provide INDOS access to ESG and Corporate Social Responsibility data allowing it to screen, independently, investment portfolios and provide bespoke reporting as part of a wider independent ESG oversight and verification service.
The INDOS service will enable its clients to demonstrate compliance with ESG policies and mandates, mitigating the risk of greenwashing, whilst providing internal and external
Deutsche Bank is to exit its Equities Sales & Trading business as part of a wider restructuring plan which will see the business shed 18,000 jobs globally by 2022.
The first round of cuts, affecting teams of shares traders in Tokyo and other Asian offices, have already been announced in a move a spokesperson says is designed to make the bank ‘leaner and stronger’.
Deutcshe Bank has said it is ‘retaining a focused equity capital markets operation’ while it also plans to resize its fixed income operations – in particular its rates business – and will accelerate the wind-down of
It’s just over a year since PAAMCO Prisma debuted Launchpad, a co-investment platform for seeding and supporting emerging hedge funds with Employees Retirement System of Texas (ERS) as its inaugural investment partner. Jeff Willardson (pictured), Managing Director, PAAMCO Prisma and Head of Investments for Launchpad brings Hedgeweek up to speed on the past twelve months and what to expect in the coming year…
HW: What was the thinking/motivation behind the establishment of Launchpad?
JW: Launchpad was an idea that came about organically through conversations between us and ERS of Texas (ERS). It was really a coming together of two like-minded
Experienced hedge fund managers looking to set up on their own should take note – running a book and launching a fund are two very different things. So says Peter Greene (pictured), a partner at law firm Lowenstein Sandler in New York, who outlines four vital steps on the road to a successful launch…
If you’re a well-pedigreed hedge fund manager – one who has worked at a blue-chip firm and managed a large book with a successful track record – you might have a desire to launch your own hedge fund. It’s hard to say how many think about
