Funds
Assets invested in ETFs and ETPs listed globally amounted to USD4.99 trillion at the end of Q2 2018, following net inflows of USD85.47 billion and market moves during the period while the global hedge fund industry saw assets rise to a record USD3.24 trillion, despite net outflows of USD3.0 billion over the quarter, buoyed by positive market moves.
That’s according to ETFGI’s Q2 2018 Global ETF and ETP industry landscape insights report and a report by Hedge Fund Research.
Total assets invested in the global ETF/ETP industry continues to extend their lead over assets invested in the global hedge fund industry,
Markov Processes International (MPI), a provider of investment research, technology, analytics and indices for the global investment management industry, has added new target volatility indices to its growing roster of hedge fund indices.
MPI Hedge Fund Indices are designed to pair monthly hedge fund indices with daily tracker indices comprised of liquid securities that enable daily monitoring of hedge fund performance and risk. MPI will now provide target volatility indices for each tracker, enabling benchmarks to be tailored to a specific investor, allocation or product’s desired risk level.
The MPI Eurekahedge 50 Tracker Index (EHFI401), which is a daily tracker
The latest figures on the size of the finance industry in Jersey show banking deposits are rising and the value of the funds industry is at a record high.
The net asset value of regulated funds under administration grew by GBP15 billion during the second quarter of 2018 to stand at GBP296 billion at 30 June 2018, the highest recorded figure to date, while banking deposits are also higher at GBP121.2 billion, the most since March 2016 and GBP5.7 billion higher than in March 2018.
The statistics, collated by the Jersey Financial Services Commission (JFSC) and published by Jersey Finance,
Hedge funds were slightly down last week, still dragged lower by CTA strategies, according to the latest Weekly Bried from Lyxor’s Cross Asset Research team.
The company writes: “Last week we downgraded CTAs to Neutral from Overweight, on the back of the assumption that a market rebound is likely in the short term and the strategy will not benefit from it. When volatility rises, CTAs deleverage.
“L/S Equity strategies outperformed as they do not appear to have cut their net exposure during the selloff, anticipating a short-lived market event. We are neutral on L/S Equity strategies, with a preference for
Investors removed an estimated USD14.72 billion from hedge funds in September pushing Q3 net flows into negative territory with an estimated USD5.71 billion leaving the industry in Q3, according to the September 2018 eVestment Hedge Fund Asset Flows Report.
Year-to-date net flows are essentially now flat with a very slight net USD70 million inflow. Total industry assets sit at USD3.310 trillion.
Among primary strategies Event Driven funds were a bright spot, with asset flows of +USD1.73 billion in September and +USD4.10 billion for Q3. Event Driven funds, however, are still negative for the year, with year-to-date (YTD) flows at
The SS&C GlobeOp Forward Redemption Indicator for October 2018 measured 2.66, down from 3.35 per cent in September.
“SS&C GlobeOp’s Forward Redemption Indicator for October 2018 was 2.66 per cent, a small improvement from the 2.69 per cent reported a year ago, and well below the long-term historical average for the calendar month of October,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The favourable trend we’ve observed in redemptions has continued through recent months’ market volatility. Investors clearly believe hedge fund managers are well-positioned to earn attractive returns in this environment.”
The SS&C GlobeOp Forward Redemption Indicator represents
London Stock Exchange Group (LSEG) is in the process of acquiring further shares in LCH Group Holdings Limited (LCH), which will increase its majority ownership of this strategic business.
LSEG has entered into agreements with certain minority shareholders of LCH to acquire up to a further 15.1 per cent of LCH’s share capital which is expected to take its majority ownership to over 80 per cent, subject to the pre-emption process contained within LCH’s Articles of Association (the “Acquisitions”). The total cash consideration payable by LSEG will be up to a maximum of EUR438 million (GBP384 million).
The Acquisitions
Hedge fund capital began Q4 2018 at a new record level for the ninth consecutive quarter as investors continued the Q2 redemption trends from Macro, Event-Driven, and Relative Value strategies, while Equity Hedge strategies also experienced small outflows in Q3 2018.
Despite investor outflows, hedge fund performance drove total industry capital to a net increase of USD8.4 billion, ending the quarter at a record USD3.24 trillion, according to the latest HFR Global Hedge Fund Industry Report.
Following the USD3.1 billion net outflow in Q218, investors redeemed an estimated USD9.1 billion in Q3 2018, the second consecutive quarter of
Trium Capital, a London-based alternative asset manager, has hired Adrien Szappanyos to manage a new top-down equity long/short strategy.
Szappanyos’ appointment is one of several recent high-profile hires, as Trium prepares to unveil a broader proposition to investors later this year.
Szappanyos brings a wealth of experience to the new role, having spent the past six years managing fundamental and technical strategies at a family office. Prior to this, Szappanyos was a partner at Third Phase Capital Management and managing partner of ACS Capital – while he also successfully managed the Dynacap European Opportunity Fund, which returned more
Hedge funds were up 0.26 per cent for the year in September, their weakest performance on record since 2011 when they declined -2.96 per cent in the nine months through to the end of Q3, according to the October 2018 Eurekahedge Report.
Almost 49 per cent of the managers are in the green for the year with roughly 11 per cent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have increased by USD8.0 billion as of September 2018 year-to-date, down from USD150.7 billion over the same period
