Funds
Hedge fund capital invested in Emerging Markets (EM) rose to a record level to begin Q4 2017, with the primary contribution coming from the industry-leading performance of Chinese hedge funds.
Total EM hedge fund capital increased to USD223 billion (RMB1.48 trillion, BRL730 billion, NIR14.5 trillion, RUB13.2 trillion, and SAR834 billion), according to the latest HFR Emerging Markets Hedge Fund Industry Report. As previously reported by HFR, total hedge fund capital globally increased to a record of USD3.15 trillion to begin Q4 2017.
Chinese hedge funds have led EM hedge fund performance for 2017, with the HFRI EM: China Index
Guardian Capital Group Limited is to acquire a significant majority interest in Alta Capital Management, an investment management firm based in Salt Lake City, Utah, USA.
Under the agreement, Guardian will acquire 70 per cent of Alta. The consideration to be paid on closing is USD45 million, with additional contingent amounts of up to USD10 million payable over four years from closing. The transaction is expected to close in early 2018, subject to regulatory approvals.
The acquisition, which is expected to add over USD3 billion to Guardian’s assets under management, is in line with its strategic plan to add
Hedge fund performance took a small hit in recent days on the back of adverse market developments and trend reversals, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes that higher risk aversion was not related to specific earnings miss or macro disappointments. Instead it looked liked investors were securing gains after several quarters of strong performance for risk assets. As the earnings season is coming to an end and the US tax reform blueprint is likely to be less ambitious than expected, investors have a higher tendency to err on the side of caution.
Goldsky Asset Management, an Australia-based quantmental and behavioural science-focused hedge fund that specialises in global equities, has gained 16.05 per cent year-to-date, beating its index benchmark by 7.94 per cent.
The hedge fund has delivered a consistent 19.45 per cent per annum return to investors since inception in December 2015.
The strong performance of Goldsky Asset was well ahead of the 12.66 per cent return by the benchmark MSCI AC World Net index over the same period, the company.
Goldsky says their quantitative behavioural science models and methods are providing actionable data 24/7. Utilisation and incorporation of behavioural
October was the best month of the year so far for Alternative UCITS funds with the LuxHedge Global Alternative UCITS index advancing 0.68 per cent, bringing YTD gains to 2.29 per cent.
The total universe currently contains over 1400 funds, more than 75 per cent post positive returns year-to-date. In line with previous months and years, investors keep increasing their allocations to Alternative UCITS funds. Assets Under Management for the total universe went up with 1.8 per cent in October, now standing at 451 B EUR.
Performance gains were spread across most strategies. In line with the broader hedge
More than 2,000 NYSE FANG+ Index Futures contracts were traded in the first week on ICE.
Intercontinental Exchange (ICE) successfully launched the NYSE FANG+ Index futures contract on ICE Futures US(R) on 8 November, 2017, with over 2,000 contracts traded in the first week.
NYSE FANG+ Index futures were designed to offer hedging and exposure to a select group of highly-traded growth stocks of tech-enabled companies. The NYSE FANG+ Index contract is a cash settled quarterly futures contract based on the NYSE FANG+ Index, and offers the capital efficiency of futures.
“We’re pleased with the initial interest we’ve
Visible Alpha has acquired Alpha Exchange, a research, discovery and management platform for investment professionals.
Visible Alpha says that the addition of Alpha Exchange’s technology platform to its existing services will create a unified consumption and collaboration experience across research reports, analyst models and corporate access events backed by a robust compliance framework.
Since Visible Alpha’s commercial launch in February 2017, the company has been helping investment firms of all sizes and geographies become MiFID II compliant with research tracking and valuation tools, while enabling idea discovery through its analyst model and deep consensus platform. Currently, more than 80
Asset manager 1Sharpe Capital has completed an initial capital raise of USD500 million. The income generating strategy attracted strong support from global pension plans and foundations and will focus its investments on real estate related loans that can deliver superior risk-adjusted returns.
“We are very pleased by the strong backing we have received from institutional partners,” says Rob Bloemker, co-founder and chief investment officer at 1Sharpe. “We believe our unique strategy will help us identify opportunities in private and public markets, generating solid returns for our investors.”
The firm’s co-founders, Rob Bloemker and Gregor Watson (pictured), have vast experience
The European Energy Exchange (EEX) has acquired the remaining 12.3 per cent shareholding in French based Powernext from 3GRT and EDF. In doing so, EEX becomes the sole owner of Powernext with immediate effect.
All parties involved in the transfer are confident that the new shareholder structure of Powernext will bring strategic synergies, while maintaining the close cooperation between the former partner shareholders and will therefore support the further growth of Powernext to the benefit of its clients and stakeholders. As members of the board, both 3GRT and EDF will continue to play an important role in the ongoing development
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.78 per cent in October, outperforming the 0.69 per cent return of the HFRX Global Hedge Fund Index.
“Every Wilshire liquid alternative index was notably positive this month, and CTAs significantly recovered from the negative performance seen last month due to strong equity and commodity trends in October,” says Jason Schwarz (pictured), President of Wilshire Funds Management.
The Wilshire Liquid Alternative Multi-Strategy IndexSM, which includes both single and multi-manager funds, returned 0.99 per cent in October.
The Wilshire
