Funds
EEX Group continued its growth path in 2018, further consolidating its position as a global commodity exchange. On the power and emissions markets in particular, EEX recorded significant volume gains and continued its long-term growth trend.
“In 2018, we increased our volumes in almost every market. In addition, with the establishment of EEX Asia and the expansion of our offering in North America, we implemented further important steps to strengthen EEX Group’s position as a global commodity exchange,” says Peter Reitz (pictured), CEO of EEX.
Overall in 2018, EEX Group power markets achieved a volume of 4,962.1 TWh (2017:
Orchard Global Asset Management (OGAM), an alternative investment management firm with a focus on opportunistic fixed income and structured credit transactions, has closed its Taiga Special Opportunities Fund after raising USD2.5 billion in capital commitments.
“We appreciate the support of our existing LPs and welcome new investors into Taiga,” says Paul Horvath, Group CEO and co-founder of OGAM, “and believe that these relationships are a testament to OGAM’s continued ability to identify attractive risk-reward opportunities.”
Over 40 per cent of the capital commitments into Taiga came from existing OGAM investors, with the remaining 60 per cent made up
The Barclay CTA Index, compiled by BarclayHedge, posted a 0.30 per cent rate of return in December. For the year the index is down 2.85 per cent.
Equity market volatility contributed to a challenging year for many managed futures indices. Currency volatility, global trade disputes and emerging market uncertainty provided further sources of stress. Only two of the Barclay Managed Futures indices had negative returns in December. The Cryptocurrency Traders Index fell 3.79 per cent and the Agricultural Traders Index declined 0.47 per cent.
December’s gains ranged from the MPI Barclay Elite Systematic Traders Index with a 1.77 per
Innealta Capital, a privately-held quantitative asset manager headquartered in Austin, Texas, has launched the Acclivity Small Cap Value Fund (AXVIX).
The fund’s objective is to seek long-term capital appreciation. It aims to deliver excess returns within the small capitalisation, value segment of the market by systematically exploiting academically proven and empirically tested equity premia while keeping broad diversification within and across industries.
The Portfolio Managers for the Acclivity Small Cap Value Fund are Sheridan Titman, PhD and Vito Sciaraffia, PhD. Dr Titman, former president of the American Finance Association (AFA), hails from the academic community and is revered as
Hedge funds dipped 2.61 per cent in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The loss was less significant, however, than that of the S&P 500 Total Return Index, which dropped 9.03 per cent in December.
For the year, the Barclay Hedge Fund Index was down 5.08 per cent in 2018, while the S&P 500 Total Return Index was down 4.38 per cent for the year.
While lowering its projections for future interest rate hikes, the U.S. Federal Reserve raised its benchmark rate a quarter-point in December. That, coupled with extreme volatility in equity markets
Thornburg Investment Management (Thornburg), a global investment firm with USD41 billion in assets under management, has launched the Thornburg Long/Short Equity Fund, a UCITS fund domiciled in Dublin, Ireland.
The fund is based on an investment strategy launched in 2008, currently available to investors through separately managed accounts and a US mutual fund structure.
“Our firm has invested in equity markets across a variety of market cycles over the last 24 years,” says Connor Browne, co-portfolio manager of the Fund. “Recent market volatility highlights the need for investors to have a permanent allocation to alternatives in their investment portfolios. Our
The Eurekahedge Hedge Fund Index was down 3.85 per cent in 2018, outperforming the MSCI AC World Index (Local) which declined 10.18 per cent over the year.
Throughout the year, the global hedge fund industry saw performance-based losses and net investor outflows totalling USD58.9 billion and USD51.6 billion respectively, in contrast to how the industry assets grew USD221.9 billion over the preceding year.
The first quarter of 2018 saw the return of market volatility, which pushed nearly every major strategic mandate down into the red in February. CTA/managed futures hedge funds suffered the heftiest losses, with the Eurekahedge CTA/Managed
TA Associates, a global growth private equity firm, has completed an investment in LIST, a developer of software solutions for the financial industry.
Financial terms of the transaction have not been disclosed.
LIST is a provider of trading and compliance software solutions and infrastructural services to a wide range of financial institutions. The company’s trading and brokerage platform offering, FastTrade, supports operations in a multi-asset and multi-market environment with modules for pricing, quoting, hedging, position keeping, algorithmic trading and execution management in high and low-touch business environments. LIST’s capital markets, governance, risk and compliance solutions are used by more
The Lyxor L/S Equity strategy outperformed this week, mostly from beta, according to the latest Weekly Brief from the firm’s Cross Asset Research team.
L/S Equity returns were homogeneously red in December, and green in January. Yet, a number of managers stood out in December, giving back some gains afterward.
Lyxor writes: “We observe only few alterations in L/S Equity portfolios at the start of 2019. Most managers steadily reduced their net and gross exposures since Summer 2018, both brought near to their historical lows. Their de-risking came to an end in December. Since then, only few managers bought
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2018 measured -1.35 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.69 per cent in January.
“SS&C GlobeOp’s Capital Movement Index of -1.69 per cent for January 2019 reflects improved net flows compared to the -1.74 per cent reported for the same period a year ago for January 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “January typically sees negative net flows due to the normal seasonality. What is noteworthy, though, is this marks the
