Funds
Hedge fund redemptions slowed from their December pace in January, but persisted for a fifth straight month, driven by a fourth-quarter stock market plunge and investor concerns over global trade disputes and a possible global economic slowdown.
January’s hedge fund redemptions stood at USD24.1 billion, a marked decrease from December’s USD42.3 billion but still a drop of 0.8 per cent of hedge fund assets, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions.
Data from the nearly 6,000 funds included in the BarclayHedge database showed the January activity of hedge fund investors worldwide (excluding
The Warsaw Stock Exchange (GPW) is planning to introduce to trading new derivatives to address the needs of market participants. Futures on shares of LPP with a new multiplier of 1 and futures on shares of 11 BIT Studios with a new multiplier of 10 will be introduced to trading.
The objective of the strategic initiative Development of Derivatives is to attract new investors to the derivatives market. GPW in co-operation with market participants supports the listing of single-stock futures with a multiplier of 1 and 10.
“GPW’s strategic initiative promotes further development of the derivative market.” says Izabela
After a dismal performance and significant outflows in 2018, trend following strategies are on the mend, according to the latest Weekly brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “A month ago, we signalled the strategy was experiencing green shoots of recovery (link); so far this month, it has been the best performing one. Based on a sample of 28 strategies, we note that: i) all of them are in positive territory month-to-date (as of March 12th), ii) the best performer is up +3.4 per cent and, iii) the worst performer is up +0.2 per cent. In a nutshell
Union Bancaire Privée, UBP SA (UBP) is launching a new strategy on its alternative UCITS platform. Launched in partnership with New York-based alternative investment manager Global Credit Advisers (GCA), U Access (IRL) GCA Credit Long/Short UCITS is a credit long/short fund.
U Access (IRL) GCA Credit Long/Short UCITS is managed by Steven Hornstein’s (CIO and Co-Founder) GCA. Hornstein is a highly experienced long/short fund manager focusing on corporate credit in the alternatives industry. He spent over 18 years primarily in corporate credit at Donaldson, Lufkin, and Jenrette (DLJ) and as a portfolio manager at two hedge funds before successfully launching
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for February 2019 measured 1.24 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.21 per cent in March.
“SS&C GlobeOp’s Capital Movement Index rose 0.21 per cent for March 2019, reflecting positive net flows,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Although slightly lower than the 0.41 per cent gain in net flows reported for the same period a year ago for March 2018, this result indicates stable allocations to the hedge fund sector, even after several months of
Spring Valley Asset Management (SVAM) has launched the SVAM Diversified Alpha Portfolio, a multi-dimensional, systematic trading system which applies creative modelling techniques to a rich set of fundamental and technical features across short, medium, and long-term horizons (from one day to three months) that aim to capture both direction and divergence across liquid global futures markets.
The application of sophisticated and robust risk management systems allows SVAM to dynamically budget, neutralise, and target risk. SVAM says this combination of fundamental and technical data, along with risk: neutralising and targeting, makes the Diversified Alpha Portfolio a complement to the Tactical Trend
Refinitiv has appointed Leon Saunders Calvert as Head of Sustainable Investing & Fund Ratings, a newly created role that brings together Refinitiv’s ESG Sustainable Investing and Lipper Fund Ratings businesses to increase focus on unearthing links between sustainable business strategies and financial performance.
As asset owners and investors increasingly make strategic investment decisions based on Environment, Social and Governance (ESG) factors, Refinitiv is committed to providing insight and transparency around the link between sustainability and financial performance, and plans to increase the universe of corporates covered in its ESG database while initiating ESG scores on public mutual funds.
“As
A group of investors led by Värde Partners and Guber Banca, working with Barclays as their financial institution partner, have acquired a non-performing loan portfolio originated by 22 mutual, rural, and cooperative banks spread throughout Italy.
The gross book value (GBV) of the portfolio is approximately EUR734 million. The portfolio comprises more than 1,300 positions, most of which are secured. The loans were originated mainly in the Northeast and in the Northwest of Italy.
The portfolio was purchased by a securitisation vehicle issuing multi-tranche notes. The senior notes (70 per cent) will be underwritten by the seller banks and
The Eurekahedge Hedge Fund Index gained 0.86 per cent in February, supported by the global equity market which continued to rebound over a potential resolution of the US-China trade friction.
Hedge fund managers focusing on developed markets and Asia posted gains during the month, while Latin America and Eastern Europe mandates languished into the red. North American fund managers gained 1.46 per cent during the month, while those focusing on Asia ex-Japan generated 2.77 per cent returns.
On a year-to-date basis, the two mandates were up 5.01 per cent and 5.32 per cent respectively. The market anticipation over the
The exhausting momentum of the year-to-date rally, ECB’s downward revisions of its economic forecasts and frictions in US-China trade negotiations sent markets in the red this week, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Hedge Funds were resilient, due to top-down strategies, which are defensively positioned in aggregate. They made up for the losses of Merger strategies’ severely hit by the abrupt turn in the Bristol-Myers-Celgene deal spread.
Lyxor writes: “Bristol-Myers announced the acquisition of Celgene for a record of USD89bn early January, with a 50 per cent record premium (likely aiming to avoid
