Funds
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, indicates a 0.19 per cent loss in September. Year to date, the Index is down 1.53 per cent.
“The US economy continues to strengthen in spite of pervasive trade war fears and continued Fed monetary tightening, while other countries have chosen to keep their rates low,” says Sol Waksman, founder and president of BarclayHedge. “These contradictory monetary policies have created unpredictable crosscurrents and trend changes in futures prices.”
Eight of Barclay’s managed futures indices had losses in September, while only one had a gain.
Cryptocurrency Traders gave
RAM Active Investments (RAM AI), a Geneva-based active and alternative asset manager with USD4.8 billion in AUM, is supporting the Task Force on Climate-related Financial Disclosures (TCFD).
Launched in 2015, the TCFD is an industry-led initiative established by the Financial Stability Board (FSB) and chaired by Michael R Bloomberg. Its main mission is to develop voluntary, consistent climate-related corporate financial disclosures providing crucial information to lenders, insurers, investors and other stakeholders.
The announcement comes as part of RAM Active Investments’ commitment to promote responsible investment. As a UN PRI signatory & CDP (ex-Carbon Disclosure Project) member, RAM has always
BlackRock has launched the BlackRock Strategic Funds (BSF) UK Emerging Companies Absolute Return Fund (the Fund), a long-short equity strategy focussing on opportunities created by emerging companies.
These include small, mid and large capitalisation companies that are at the early stage of their life cycle and/or expected to experience significant growth. The fund also has the remit to invest in international companies, increasing its addressable market.
The fund expands BlackRock’s High Conviction Alpha suite of active equity funds, which provides absolute return exposures to clients seeking pure alpha returns with low correlation to market indexes. This range forms part
DWS Group and Tikehau Capital have agreed to enter into a strategic alliance, deepening their relationship following Tikehau’s participation in the initial public offering of DWS in March 2018. With the agreement, the two asset managers aim to identify and develop various business opportunities.
“This is an important alliance aligned fully to our ambition to expand our presence further in the Alternatives asset class, an area where we see sharply increasing interest from clients,” says Nicolas Moreau, CEO and Chairman of the Executive Board of DWS Group. “We look forward to working closely with Tikehau Capital to the benefit of
Hedge funds enjoyed their strongest demand in nine months in August as investors brushed off a global equities sell-off, according to the Barclay Fund Flow Indicator.
Data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) hauled in USD21.5 billion (0.7 per cent of assets) in August, reversing redemptions of USD1.0 billion (-0.03 per cent of assets) in July.
Industry assets rose to an all-time high of USD3.07 trillion for the month. Investors bought hedge funds in August despite declines in global equities markets and continuing trade disputes, according
Hedge Funds slipped 0.02 per cent in September according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 0.57 per cent increase in the S&P 500 Total Return Index.
Year to date, the Barclay Hedge Fund Index is up 1.25 per cent, while the S&P has gained 10.57 per cent.
“In spite of interest rates reaching multi-year highs, US equities were able to squeak out a modest profit,” says Sol Waksman, founder and president of BarclayHedge. “However, hedge fund returns were mixed. Winners and losers were evenly split.”
Out of Barclay’s 17 hedge fund indices, 12
Investment management company DECALIA has launched a new merger arbitrage strategy which aims to generate an attractive absolute performance with low volatility, while remaining uncorrelated with conventional assets.
W Capital, a specialist in this strategy, will manage the fund which is aimed at qualified investors and is structured in the form of a Luxembourg Reserved Alternative Investment Fund (RAIF).
The merger arbitrage strategy aims at generating – under all market conditions – absolute returns with a low volatility and uncorrelated with conventional assets. The strategy involves taking advantage of price differentials in merger and acquisition events on listed companies.
Hedge funds were down last week, though they outperformed equity benchmarks and a diversified 60/40 equity/bond portfolio, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes: “High beta strategies, in which we have been defensive for some time, underperformed. Special Situations and L/S Equity strategies were under pressure. UK L/S Equity strategies underperformed in a context where the rise of the GBP vs. USD added pressure to local markets. CTAs underperformed.”
“Relative Value Arbitrage remains the best performing strategy this year. The rise in bond yields across the yield curve in most developed countries
Jupiter has launched the Jupiter US Equity Long Short fund, a sub-fund of the Jupiter Global Fund SICAV which is managed by Darren Starr, an experienced hedge fund manager who joined Jupiter’s growing liquid alternatives business in April this year.
The fund will look to generate an absolute return over a three-year rolling period, independent of market conditions.
The Jupiter US Equity Long Short Fund will comprise a concentrated portfolio of circa 40-60 stocks based in, or conducting most of their activities in, the US. The Fund will hold both long and short positions, providing the flexibility to hedge
By Don Steinbrugge, Agecroft Partners – Each January Agecroft Partners releases its predictions regarding the top 10 hedge fund industry trends in the coming year. One of our predictions for 2018 was an increase in hedge fund closures for both large established hedge fund managers as well as emerging managers.
Some people might extrapolate from the recent closures of Highfields Capital Management, Criterion Capital Management and Tourbillon Capital that the hedge fund industry is in crisis. Our view, however, is very different. We believe that these closures are evidence of growth and maturity of the industry.
Hedge fund industry
