Funds
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, now a division of Backstop Solutions, indicates a small profit of 0.01 per cent in November. Year to date, the Index is down 3.00 per cent.
“Although the November return for the Index was right at zero per cent, the dispersion of returns of the underlying funds was quite large, ranging from a high of plus 30.74 per cent to a low of minus 40.40 per cent,” says Sol Waksman, founder and president of BarclayHedge.
Eight of the nine Barclay Managed Futures indices had a negative return in
The European Energy Exchange (EEX) has acquired 100 per cent of the shares in Grexel Systems Oy, a provider of energy certificate registries in Europe.
Grexel offers comprehensive services for operators of registries, ie. for guarantees of origin, and holds a market share of 42 per cent of new certificates issued within the European Energy Certification Scheme (EECS). The company currently operates 15 energy certificate registries in Europe, of which 10 are for electricity guarantees of origin, four for biomethane and one for hydrogen certificates. Over 10.000 account holders, including major energy producers and end users, use Grexel System’s registries.
Hedge Funds slid 0.28 per cent in November according to the Barclay Hedge Fund Index compiled by BarclayHedge, now a division of Backstop Solutions, versus a 2.04 per cent increase in the S&P 500 Total Return Index.
Year to date, the Barclay Hedge Fund Index is down 2.42 per cent, while the S&P has gained 5.11 per cent.
“Global equity markets had mixed returns in November as European markets fell while the US and Asia rose,” says Sol Waksman, founder and president of BarclayHedge. “An 18.4 per cent drop in the price of Apple along with declines in Facebook
Trium Capital, the London-based alternative asset manager, has launched the Trium European Equity Market Neutral UCITS Fund. The proven strategy, which synthesises quantitative and fundamental analysis, has successfully generated alpha, irrespective of market conditions, with minimal drawdowns over its eight-year track record.
The fund will be co-managed by Nikki Martin and Tom Ayres, who have successfully refined and implemented the strategy at leading investment houses, including BlueCrest. The fund takes a differentiated approach to European equity market neutral investing. Developed over more than a decade, their investment process is a synthesis of highly objective, proprietary, data-driven analysis and deep, sceptical,
The Eurekahedge Hedge Fund Index was down 2.36 per cent year to date as of November 2018, in contrast to the 8.45 per cent gain made in 2017, which turned out to be the best year for hedge funds and equity markets since 2013.
That’s according to the latest Eurekahedge Report which reveals that 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 Futures Hedge Fund Index down 4.12 per cent in February
EPIC Holdings is to acquire Integro Holdings, a specialty insurance brokerage and consulting business in the US with revenue in excess of USD150 million.
Financial terms of the proposed transaction have not been disclosed.
Integro USA brings to EPIC expertise that is well-aligned with EPIC’s diverse insurance distribution platform. Areas of focus include:
Entertainment & Sports: focus in music & events; theatre & venues; film, TV & media; sports associations & amateur sports; and racing & motor sport.
Specialty: leading provider of insurance brokerage services to Professional Services Firms (accountants, lawyers, hedge funds, asset managers, architects & engineers) and Transportation & Logistics
The value of regulated funds serviced in Jersey has broken through the GBP300 billion barrier for the first time, according to the latest figures to be collated by the jurisdiction’s regulator the Jersey Financial Services Commission (JFSC).
Figures for the third quarter of 2018 (ending 30 September 2018) show that the net asset value of regulated funds under administration in Jersey grew 14 per cent year-on-year to stand at GBP301.7 billion, the highest recorded figure to date.
The statistics also show that all the alternative asset classes, which represent 82 per cent of Jersey’s total funds business, recorded an
Backstop Solutions Group, a cloud-based productivity suite provider for institutional and alternative investors, is to acquire BarclayHedge, a provider of alternative investment data and indices.
With proprietary access to the 2,200 alternative investment managers and 6,900 funds tracked by BarclayHedge, Backstop will be able to offer institutional clients a combination of technology, tools, services, and data to help optimise their research management and due diligence workflows. Alternative asset managers who currently report to BarclayHedge will also benefit by having their exposure to asset owners potentially triple when the client communities of both Backstop and BarclayHedge are combined.
Clint Coghill
Law firm Dillon Eustace has been named as the top legal adviser to Irish domiciled funds in 2018, in the 24th edition of the Monterey Insight Ireland Fund Report.
The firm’s Asset Management and Funds practice, which across all product types from traditional UCITS, ETFs, money market funds and alternative UCITS, to the full spectrum of Alternative Investment Funds (AIFs) such as hedge, funds of funds, real estate, infrastructure, loan and private equity funds, advised 1,113 Irish domiciled funds over the last year.
Donnacha O’Connor (pictured), Head of Asset Management and Investment Funds, says: “We are delighted to be
Hedge funds continued to decline in December, largely driven by L/S Equity (and to some extent CTAs), according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
L/S Equity strategies continued to suffer from the unusual level of uncertainty overshadowing stock fundamentals and unsettling quant factors.
Lyxor writes: “Overcrowded positioning was another challenge for stock pickers, all looking for the same scarce cheap stocks with stable growth. The rotation out of Momentum and Growth stocks, with a limited cushion from Quality and Defensive ones, impacted managers despite their cautious leverage and net exposures.”
“The rise in
