Funds
The Eurekahedge Hedge Fund Index was up 2.32 per cent in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index (Local) up 7.36 per cent during the month.
That’s according to the February 2019 Eurekahedge Report which reveals that throughout 2018, hedge fund managers posted losses of 4.08 per cent, outperforming the global equity market which slumped 10.18 per cent over the year.
The global hedge fund industry saw its assets decline USD154.4 billion throughout 2018, down 6.3 per cent from its end-2017 figure – the largest yearly percentage drop since 2008, as
The MJ Hudson Allenbridge Alternative Risk Premia Fund Review 2019 estimates that there are now from USD150 billion to USD200 billion of assets in global alternative risk premia funds following a long/short, multi-strategy approach. This estimate excludes strategy offerings by investment banks.
The 2019 survey was conducted using an online questionnaire of 25 asset managers representing the majority of the assets (USD120 billion) managed in this market.
Despite the challenges with performance, 46 per cent of our survey respondents reported AUM growth in excess of 20 per cent in 2018. Larger managers experienced faster growth than smaller managers.
The average
Hedge fund redemptions reached USD42.3 billion in December, according to the Barclay Fund Flow Indicator, published by BarclayHedge, the largest monthly outflow in at least five years.
Data from the nearly 6,000 funds included in the BarclayHedge database showed the December activity of hedge fund investors worldwide (excluding CTAs) producing a fourth straight month of net redemptions, exceeding September’s USD39.1 billion, at the time a five-year high.
“December redemptions were driven by both global and regional factors,” says Sol Waksman, president of BarclayHedge. “Globally investors worried about volatile equity markets, the threat of a worldwide economic downturn, drops in
Alter Domus, a fund and corporate services provider, has become the latest firm from Jersey to be admitted as a Listing Member of The International Stock Exchange (TISE).
Alter Domus (Jersey) Listing Services Limited has been approved to act as a Listing Agent for non-retail debt securities and Sponsor to securities of investment vehicles.
Fiona Le Poidevin (pictured), CEO of The International Stock Exchange Group (TISEG), says: “I’m delighted to welcome Alter Domus as a Listing Member of TISE. The firm is well-known as a service provider, especially to the private equity, infrastructure and real estate sectors, which are
The AQC1 Algert Global Equity Market Neutral Fund launched by Aquila Capital and San Francisco-based investment manager Algert Global LLC has returned 4.71 per cent to investors since its inception on 12 February 2018.
The fund ranks among the top 5 per cent in Morningstar’s alternative equity market neutral category.
“Considering the poor year equities had in 2018, and in particular the significant negative month of December for most equity indices, the performance of our fund is encouraging. The effort on targeting minimal correlation to general equity market returns was additive for clients in such an environment,” says Jan
GAM’s systematic alternative risk premia strategy has won an AUD275 million investment from an Australian superannuation pension fund.
GAM’s alternative risk premia strategy typically targets around 15 risk premia strategies across the style categories of value, momentum and carry. The team uses a disciplined research process to design, systematically implement and cost-effectively trade the various risk premia. In doing so, the team seeks to provide diversified sources of returns for investors.
Lars Jaeger, head of alternative risk premia within GAM Systematic, says: “Investors have shown continued appetite for our alternative risk premia offering. Our investment strategy has the potential
Highland Capital Management Fund Advisors has completed the conversion of the Highland Global Allocation Fund, a series of Highland Funds II, from an open-end fund to a closed-end fund.
The conversion was approved by shareholders during the 8 November, 2018 special meeting. The Fund expects to list its shares for trading on the New York Stock Exchange (NYSE) on or about 19 February 2019.
As a result of the conversion, the fund will effect a reverse stock split of Class A, Class C and Class Y shares of the Fund and will combine such shares into a single class
Abacus Group, a provider of IT services for alternative investment firms, has completed the acquisition of competitor Proactive Technologies. The two companies will merge under the Abacus Group umbrella.
Since its founding in 2007, Proactive has grown to service over 120 alternative investment clients, mostly in the New York City area. As a result of the acquisition, Abacus Group, which as of year-end 2018 services over 400 clients across the US and the UK, will now be the largest IT managed service provider specialised in alternative investment firms in the New York metropolitan region, based on client count. For year-end
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2019 measured 3.59 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 1.11 per cent in February.
“SS&C GlobeOp’s Capital Movement Index for February 2019 of 1.11 per cent shows increased net flows compared to the 0.96 per cent reported for the same period a year ago for February 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the 1.11 per cent reported for February 2019 represents the largest net inflows for any February since 2013. This
Prestige Funds, a specialist in the management and distribution of direct lending funds, has launched a new multi-manager investment fund that will specialise in allocating to both UK and international private debt and high yield credit managers.
‘Multi Finance Opportunities Fund’ was recently launched and is managed by Prestige Capital Management, a Malta based MFSA-regulated Alternative Investment Fund Manager (AIFM). Prestige has over 10 years operating experience in Fund-based direct lending and fund of fund investing. Multi Finance Opportunities will target returns of 5 per cent – 7 per cent pa and will provide investors with access to absolute returns
