Funds
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has launched the BlueBay Diversified Alternative Credit Fund in response to client demand.
The new fund is designed to provide investors with a single point of access to BlueBay’s best ideas in long/short credit across liquid and less liquid markets, in a European structure, a Dublin ICAV (QIAIF). The fund is intended to appeal to both institutional investors and wealth managers seeking a more flexible approach to generating returns in the changing market environment.
The fund’s objective is to achieve enhanced risk-adjusted returns from investing across a diversified range of unconstrained
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2018 measured -0.34 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.49 per cent in July.
“SS&C GlobeOp’s Capital Movement Index of -1.49 per cent for July 2018 should be viewed as a strong result in light of the seasonality of net flows. The month of July typically experiences negative flows, but it’s noteworthy that the -1.49 per cent reported for July 2018 reflects an improvement in net outflows from the -1.78 per cent reported a year ago for July 2017, and is also
Saba Capital Management, the New York based USD1.4 billion hedge fund, has recently celebrated the one-year anniversary of its first foray into ETFs, with CEFS, its ETF based on closed-end funds.
Leah Jordan, Vice President at Saba Capital, explains that the product is an extension of what the firm seeks to achieve in its hedge fund model where it focuses on global closed-end funds, principally those in the US and the UK, that are trading at significant discounts to NAV, in the search for yield.
“We actively trade closed-end funds as one of our core strategies,” Jordan explains. “We look
Halfway through 2018, and hedge funds are producing very mixed results with just over half of reporting strategies positive for the year, according to the June 2018 eVestment Hedge Fund Performance Report.
Those funds that are positive are up an average of 5.3 per cent, while those in the red are down an average of 5.3 per cent. Overall industry returns were just slightly negative at -0.51 per cent in June, while 2Q 2018 returns were positive at +0.37 per cent and YTD 2018 returns stand at +0.16 per cent.
Among primary markets Broad Capital Structure funds are among
The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.24 per cent in June, and -0.56 per cent for the second quarter in 2018.
Both returns underperformed the -0.19 per cent monthly return and 0.16 per cent quarterly 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.
“Volatility continued in the second quarter, as
SaxoSelect, a fully digital and automated investment service that enables clients of Saxo Bank to invest in pre-selected portfolios, has reported that its growth and risk-on managed portfolios have seen a 43 per cent increase in net capital flows in Q2.
The two Equity Portfolios of global stocks, which utilise the strategies and research from world leading experts at Morningstar and most recently, Nasdaq, target strong growth over the medium term. In the second quarter, these portfolios saw a 166 per cent increase in net capital inflows over first quarter flows.
Another group of portfolios, Trading Strategies, which are
Hedge Funds lost 0.31 per cent in June according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 0.62 per cent increase in the S&P 500 Total Return Index. Year to date, the Barclay Index is up 0.69 per cent, while the S&P has gained 2.66 per cent.
“Although US equity prices rose in June, almost all of the MSCI regional indices lost ground, and most hedge fund strategies ended the month with losses as well,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Twelve of Barclay’s 17 hedge fund indices had losses in June, while five had
iM Global Partner has acquired a minority interest in Boston-based, long-short equity manager Sirios Capital Management (Sirios).
The investment will enable Sirios to continue to support its current investment strategies and provide exceptional client service throughout the US and abroad.
iM Global Partner (previously branded iM Square) is a leading investment and development platform dedicated to global asset management. Its objective is growth investing in traditional and alternative entrepreneurial investment firms in the US, Europe and Asia, to whom it provides financial, distribution and operational support.
Sirios is an employee-owned investment firm with USD2.3 billion in AUM. It provides
The partners of Bedell Cristin have announced a plan to merge with Cayman-based law firm, Solomon Harris. It is hoped that the deal will complete by the end of August, and Solomon Harris will rebrand as Bedell Cristin at a later date.
Founded in 1998, Solomon Harris is a full service law firm employing 28 people in Grand Cayman. It has been awarded recognition for its legal expertise across a broad range of services including as a premier firm for captive insurance and investment funds, capital markets, inward/local investment, private client services, corporate/residential real estate, immigration, litigation and insolvency &
AlphaCentric has launched the AlphaCentric Small Cap Opportunities Fund (SMZIX) which seeks long term capital appreciation and focuses specifically on the equities of small capitalisation companies primarily based in the US.
The management team uses proprietary, bottom-up research to identify companies that have under-appreciated earnings potential and exhibit reasonable valuations. Designed to mitigate valuation risk, the Fund typically takes positions in companies with valuation multiples that are near or below historical averages.
“This newest addition to the AlphaCentric Funds family is one that aims to offer investors exposure to small cap companies without the typical volatility that comes with
