Funds
Semper Capital Management’s Semper MBS Total Return Fund (the Fund) has reached USD700 Million AUM less than four months after reaching USD500 million AUM in October 2016.
In August 2016, the Fund crossed its 3-year mark and received a 5-Star Overall Morningstar Rating (out of 235 non-traditional bond funds as of January 31, 2017). The institutional share class (SEMMX) and the investor share class (SEMPX) each received a 5-Star Overall Morningstar Rating.
"From a fundamental standpoint, the sector's credit underpinnings continue to strengthen," explains Greg Parsons (pictured), CEO and Investment Committee Chair of Semper Capital. "We continue to remain confident in the market's ability
One of the most potentially intriguing panel discussions at this year’s Amsterdam Investor Forum could be “The fund industry in a post Brexit world”, a topic that is sure to ignite the flames of opinion.
Sitting on that panel will be Jack Inglis (pictured), CEO of AIMA (Alternative Investment Management Association). As Inglis points out, this is a topic that is likely to run and run. Indeed, since the Brexit decision was confirmed last June it already feels like we’ve had a lifetime’s worth of press commentary over the last six months.
There is, says Inglis, still a limited amount
Preqin’s All-Strategies Hedge Fund benchmark recorded gains of 1.40 per cent in January 2017, the highest January performance recorded since 2013 (+2.59 per cent).
This also represents the highest performance month for the industry since April 2016, as funds built on gains of 1.07 per cent seen in December.
All leading hedge fund strategies posted positive performance for the month, with equities strategies (+1.82 per cent) and event driven strategies (+1.70 per cent) funds leading the way. January’s positive returns put 12-month performance for the industry at 11.75 per cent, and funds have only recorded two months of losses out
Strong gains across Event-Driven, Relative Value Arbitrage and Macro strategies saw Asian hedge funds top the performance of volatile Asian equity markets in both Q4 and FY 2016, according to HFR’s latest Hedge Fund Industry Report.
At the same time, total hedge fund capital invested in Asian hedge funds was steady to conclude 2016, posting a narrow quarterly decline of USD1.4 billion to end the year at USD110.4 billion USD (RMB, JPY) For FY 2016, total capital invested in the Asian hedge fund industry fell by USD8.6 billion, though the majority of the decline occurred in the volatile 1Q16, when
Building on its indexing and liquid alternative asset management business in the United States, New York-based ABR Dynamic Funds, LLC has launched its first Irish-domiciled UCITS V fund.
The fund, which seeks US equities participation in a bull market and significant, positive absolute returns in a crisis, is being distributed by OpenFunds, which is also acting as Swiss legal representative for the fund. The fully-systematic fund will seek returns similar to ABR's first index, the ABR Dynamic Blend Equity and Volatility Index (ABRVXX).
ABR's founder and CEO, Taylor Lukof, plans to grow Assets Under Management (AUM) in an expanding segment
A survey by The European Repo and Collateral Council of the International Capital Market Association (ICMA) calculating the amount of repo business outstanding on 7 December 2016 from the returns of 65 offices of 62 financial groups, sets the baseline figure for market size at EUR5,656 billion.
Using a consistent sample of banks that have contributed to the last the surveys, the market shows 0.8 per cent year on year growth and 2.4 per cent growth from the June 2016 survey. The size of the repo market remains static, with some seasonal fluctuations. Negligible real growth in the repo market,
Eurekahedge reports that hedge funds started the year on a positive note, up 0.84 per cent during the month of January. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 1.49 per cent over the same period.
Among regional mandates, Latin American hedge fund managers topped the tables, gaining 3.47 per cent while event driven managers posted the best returns, up 1.95 per cent among strategic mandates. Financial markets were still hinged on the developments post-Trump win with US equity markets trading higher at the start of January on the back of encouraging US macro data.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.59 per cent in January, outperforming the 0.50 per cent monthly return for 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.
“Due to the perceived optimism that Trump and the Republican party bring to the economy, credit managers in both relative value and event driven strategies
Lyxor’s Cross Asset Research team has focused on the performance of value equity funds versus their benchmarks in this week’s report, commenting that value stocks have lost steam but active managers are staying afloat.
The firm writes that value stocks have lost steam in early 2017 as market exuberance faded and investors reappraised the risks of trade wars. “The renewed underperformance of value stocks has taken many investors by surprise as it follows a sharp rebound in the last quarter of 2016. The January reversal has been particularly abrupt in the U.S. The MSCI USA Value underperformed the market by
The Alternative UCITS market keeps showing strong growth with LuxHedge recording net inflows of EUR5.2 billion in assets under management in January.
The strongest rise occurred in Fixed Income Arbitrage (EUR2.8 billion), Global Macro (EUR0.9 billion) and Multi-Strategy (EUR0.8 billion) funds. The relatively smaller segment of Volatility Arbitrage funds was the only one to show a declining AUM in January: -EUR0.4 billion.
The LuxHedge Alternative UCITS indices held up well across almost all strategy styles with the LuxHedge Global Alternative UCITS Index increasing 0.25 per cent during January 2017. The largest gain was recorded by the Event Driven funds as measured by the
