Funds
Societe Generale Prime Services has announced the constituents for its range of 2019 CTA indices, following an annual review.
There are three additional constituents to the flagship SG CTA Index, one re-entry to the SG Trend Index for 2019, and one re-entry to the SG Short-Term Traders Index for 2019.
Tom Wrobel (pictured), Director of Alternative Investments Consulting at Societe Generale Prime Services, says: “We are delighted to welcome two new additions to our SG CTA Index in 2019: ADG Capital Management and Capital Fund Management (CFM), whose recent growth has propelled them into the index. Further, we are
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2018 measured -1.32 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.67 per cent in December.
“SS&C GlobeOp’s Capital Movement Index rose 0.67 per cent for December 2018, an improvement from the -0.13 per cent reported for the same period a year ago for December 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies.
“It’s noteworthy that this is the second consecutive month of year-over-year improvement in net flows and comes against a backdrop of
Tradex Global Advisors, a privately held hedge fund, has acquired JCL Capital Partners and launched Tradex Realty Partners, a real estate finance company that originates and/or acquires senior loans collateralised by institutional quality real estate in well-located, supply constrained markets.
Tradex Global Advisors has also added John C Lettera as a Partner.
Lettera has over 19 years of legal experience and over 25 years experience in real estate debt originations and acquisitions as well as equity investing. John has extensive experience in structuring complex real estate debt transactions. John founded and successfully managed JCL Capital Partners, establishing itself as a preeminent
GTS, an electronic market maker across global financial instruments, has acquired an ownership stake in Wavelength Capital Management, a New York-based systematic investment firm.
Wavelength was founded five years ago as an independent investment management firm specialising in liquid, transparent, and cost-effective investment solutions designed to protect assets and produce consistent returns in any economic environment. The firm invests using a systematic, research-driven approach that applies quantitative tools to process fundamental economic and market information. Wavelength’s flagship fixed income mutual fund, the Wavelength Interest Rate Neutral Fund (WAVLX), seeks to generate consistent returns in any interest rate environment using systematic
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.10 per cent in November, outperforming the -0.62 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Markets experienced mixed performance in November as equities rebounded and credit markets generally declined,” says Jason Schwarz (pictured), President of Wilshire Funds Management and Wilshire
MDX Technology’s Project IOWA, a market data business driven ecosystem, has formed a strategic partnership with FactEntry, an independent provider of bond data and documents which supports the needs of fixed income and credit professionals.
MDX Technology is recognised as the industry standard in providing data capture & contribution solutions direct to end user consumers, Project IOWA brings these two worlds together. The FactEntry partnership is the first in a number of specialist data content collaborations the Project IOWA team will be announcing throughout 2019.
Project IOWA is underpinned by MDX’s market leading technology and provides a single and
Seven2one Informationssysteme (Seven2one) is to assume the technical operation of The European Energy Exchange’s (EEX) Transparency Platform during the first quarter of 2019.
Seven2one has so far been in charge of software development.
EEX will continue to be the contractual partner for the reporting companies and market participants. Likewise, the service and contacts at EEX will remain unchanged.
“Having software development and technical operation as a one-stop shop solution enables us to speed up the implementation of new requirements resulting from regulatory changes,” says
Dr Christoph Schlenzig, Managing Director of Seven2one.
Dr Tobias Paulun (pictured), EEX Chief Strategy Officer, says:
For UK fund managers, distribution in a post-Brexit environment is very topical. It is one of the single biggest challenges that UK managers are grappling with, as well as managers based around the world who wish to do business in Europe.
ML Capital, an independent European regulated fund structurer that is best known for its MontLake UCITS and MontLake QIAIF platforms, is cognisant of this and is focusing its efforts on delivering the right level of support to managers who use its platform and management company services.
“We provide platform hosting plus distribution services,” says Richard Day, COO at ML
Lyxor Asset Management is one of Europe’s leading asset managers and has been expertly selecting hedge fund strategies since 1998. Lyxor has enjoyed great success since it started launching UCITS funds on its dedicated Alternative UCITS platform at the beginning of 2013.
Over that period, the platform has grown at an average rate of 30 per cent. More specifically, since January 2018, it has enjoyed 49 per cent growth. Total
AUM stands at USD4.1 billion (as of September 2018) and the platform features 13 UCITS funds, nine of which are external managers including the likes of TIG Advisors, Chenavari, Metori,
Alternative UCITS funds experienced a 16 per cent growth in AUM in 2017, with total assets exceeding USD522 billion according to LuxHedge, an alternative UCITS index provider. Over that period, a record 248 new funds launched and the sense was that investor sentiment remained upbeat.
However, if one assesses 2018, there are indications that this level of growth will be difficult to replicate with one data source, Kepler Partners, suggesting that industry AUM has only increased by 1 per cent from Q317 to Q318 (quite a contrast to the 20+ per cent annualised growth rate witnessed over the last nine
