Funds
Following a slightly challenging September period, CTAs reported negative performance in October, according to data released by Societe Generale.
All CTAs entered into negative territory, both for the month and YTD, with the SG CTA Index down 2.79 per cent and the SG Trend Index down 4.29 per cent. The short-term and quant macro strategies fared considerably better as the SG STTI Index was down marginally by 0.40 per cent.
Continuing from September’s slight drop, losses were driven primarily by trend-following strategies, with losses in commodities, equities and bonds. Commodities were a particular drag on results, with the upwards
LaSalle Investment Management (LaSalle) has launched LaSalle Global Partner Solutions (LaSalle GPS), a new fully integrated division dedicated to building robust, indirect investment portfolios by partnering with expert real estate operators across the world.
The launch follows the closing of La Salle’s acquisition of the Real Estate Multi-Manager business of Aviva Investors.
The new platform will offer a range of opportunities across private, public, debt and equity segments through investment in third-party and in-house funds, joint ventures, co-investments and secondaries.
LaSalle GPS will be led by CEO, Ed Casal, who joined LaSalle from Aviva Investors where he was
LiquidX, a global network for illiquid assets, continued its rapid expansion in the third quarter, as the firm added new market participants, new products and new technology. The quarter was capped by a 43 per cent increase in September volume year over year.
That momentum continued into the beginning of the fourth quarter with a 76 per cent rise in volume in October.
“We are serving more clients in different parts of the world than ever before,” says Glenn Kocher (pictured), Managing Director at LiquidX. “We are rolling out new products and expanding our client base with institutional investors
Electronic US Treasuries (UST) trading venue LiquidityEdge has announced record trading volumes during October 2018.
Average daily trading volumes reached USD15 billion, whilst on 3 October, participants traded over USD22 billion in US Treasuries across both on-the-runs and off-the-runs.
The surge in activity has been driven by favourable market conditions and the growing popularity of the directed, disclosed model championed by LiquidityEdge. As the line between the traditional sell-side and buy-side continues to blur, participants are seeking more flexible methods of accessing liquidity, tighter prices and greater depth of market.
Since launching in September 2015, LiquidityEdge has rapidly
By Arne Bolch, GSK Luxembourg – The 2016 Paris agreement on climate change as well as the United Nations 2030 Agenda for Sustainable Development and its Sustainable Development Goals may until recently not have been high on the agenda of asset management professionals. This may be about to change.
In the spirit of the agreement and the UN agenda, measures taken at European level have identified (or rather stated) a need for Europe’s financial system to (i) contribute to sustainable and inclusive [economic] growth as well as to (ii) strengthen financial stability by incorporating environmental, social and governance (ESG) factors
The Tosca UCITS Fund, a global long/short equity fund from Toscafund Asset management, has launched on the MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provides investors with access to a range of Irish-domiciled liquid, transparent and regulated investment products.
Tosca UCITS, emulates the award winning offshore Tosca LP and invests primarily in equities across the entire value chain of financials globally. This large, liquid and diverse universe is rich in alpha, with varied drivers of profitability. Deep dive, fundamental analysis is at the core of the investment process where the six person strong investment
Barrick Gold Corporation’s shareholders have voted to approve the issuance of Barrick common shares in connection with the Merger of Barrick and Randgold Resources Limited (Randgold), and the continuance of Barrick to the Province of British Columbia under the Business Corporations Act (British Columbia).
The issuance of Barrick common shares in connection with the Merger, and the continuance, were each approved by more than 99 per cent of the votes cast at a special meeting of shareholders.
“Today marks an important step in our journey of taking Barrick ‘back to the future’,” says Barrick Executive Chairman John L Thornton.
Record Currency Management (Record) has developed a method of improving the environmental, social and governance (ESG) credentials of its Multi-Strategy currency product whilst preserving the return profile, enabled by one of the largest sets of country-specific ESG data built to date.
As part of its drive to incorporate ESG factors into active currency products, Record has worked in collaboration with Oxford-based researchers to extend the boundaries of ESG to encompass the currency markets, from its existing base in bonds and equities.
The process applies insights on the relationship between productivity and exchange rates, gained from over 30 years of
Hedge fund returns since 26 October are up +0.5 per cent, primarily led by L/S Equity strategies, as investors’ hesitation gradually started to fade amid improving earnings reports, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
EM-focussed strategies also rebounded while other strategies were modestly up over the week. Disappointingly, Special Situations strategies have failed to fully capitalise yet on the early signs of rebounds.
Lyxor says: “The high correlation across credit issues and reduced dispersion have constrained managers. However, the disconnection between falling equity prices and credit markets, as well as managers’ cautious exposures,
PEGAS, the pan-European gas trading platform operated by Powernext, achieved its highest monthly volume of 2018 in October with 191.5 TWh traded during the month.
A strong spot segment supported this increase, as well as a flurry of activities on TRS Spot ahead of the French zone merger leading to a final record with 8.2 TWh (previous record: 5.7 TWh in March 2018). The Options segment also registered a volume best since its launch with 2.4 TWh.
Spot trading volumes in October reached 106.3 TWh, up 41 per cent over the previous year (75.7 TWh). The Dutch TTF market
