Funds
JP Morgan Asset Management has launched its first alternative and actively managed exchange-traded fund, JPMorgan Diversified Alternatives ETF (JPHF).
It is designed to provide diversified exposure to hedge fund strategies including equity long/short, event driven and global macro strategies.
JPHF was designed and is managed by Yazann Romahi, global head of quantitative beta solutions at JP Morgan Asset Management. A pioneer in hedge fund beta investing, Romahi created the ETF with the support of a team of 17 investment specialists who have been focused on beta philosophy research and development for more than a decade.
The team manages over
Omni Partners’ Omni Event Fund marked its third anniversary on 1 September, with USD355 million of assets under management in the strategy.
The Omni Event Fund delivered a 16.6 per cent net return to iinvestors in 2015 and is currently up over 8 per cent through the end of August 2016, as cited by BarclayHedge.
The fund is actively managed from Omni’s Irvine, California office and invests in the securities of companies undergoing significant corporate actions and other hard catalyst events globally.
Chief investment officer John Melsom says: “The robust corporate action environment, combined with our focus on
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed.
Wells Fargo GFS administers more than USD42 billion in alternative assets, covering a wide range of complex strategies traded by global portfolio managers including fixed income; credit; distressed; structured credit; macro; equity; commodities; CDO; CLO; private equity; private debt; real estate and hybrid structures. Wells Fargo’s fund administration business services its clients through its global network of offices in Hong Kong, London, New York, Minneapolis
AlphaClone, a provider of alpha-seeking active indexes for long-term investors, has launched the AlphaClone Small Cap Index and AlphaClone Value Manager Index.
The indices seek to give investors the potential to outperform passive market indices by accessing the investment ideas of the world’s most established hedge funds.
They follow the same proprietary Clone Score methodology used by AlphaClone’s Hedge Fund Downside Hedged Index and AlphaClone’s International Downside Hedged Index.
Last year, the firm filed with the Securities and Exchange Commission to register four new exchange-traded funds (ETFs).
“Pursuing the potential for alpha is even more important today
While the application of artificial intelligence (AI) in asset management has become a much discussed topic over recent months, Frankfurt-based fund manager Tungsten Capital already has a three-year live track record with its short-term CTA Tungsten TRYCON Basic Invest HAIG.
The alpha strategy, driven by algorithms of artificial intelligence, was launched in September 2013 and passed USD100 million in assets under management for the first time this month. It has a Sharpe ratio of 1.03 and has provided gains of 4.33 per cent YTD.
Pablo Hess (pictured), one of the minds behind the strategy, attributes the sound results predominantly
For a second consecutive month, discretionary approaches to opportunities in corporate capital structures, including equity and credit markets, produced the best returns across the hedge fund industry in August.
eVestment’s latest hedge fund performance report reveals that overall, just 56 per cent of the industry produced gains in August, down from 80 per cent in July, which was the best month of broad returns since February 2014.
August was not nearly as beneficial to macro and managed futures funds. The vast majority of funds in both groups declined in August, leaving both lagging most of their hedge fund peers
Fair Oaks Capital has partnered with the Alpha UCITS platform to launch the first UCITS fund focused on the global collateralised loan obligation (CLO) market.
The Fair Oaks Dynamic Credit Fund is the first UCITS fund to offer global exposure to senior secured corporate loans through investments in rated CLO securities.
The fund expects to complete the launch of its initial share class on 28 September 2016 at circa EUR150 million.
The fund will be actively managed by Fair Oaks, with a strong emphasis on bottom-up fundamental credit analysis. It will primarily seek exposure to investment-grade rated CLO
TD Securities US has acquired Albert Fried & Company (AF&Co), an established New York-based broker-dealer.
The purchase of AF&Co's services and capabilities, which include self-clearing, securities lending and a prime brokerage technology platform in its final stages of development, is expected to help drive TD Securities' long-term US growth.
"Acquiring US clearing and a technology platform enhances our capabilities and lays a solid foundation for us to integrate prime brokerage into our client service offering and expand our US business," says Glenn Gibson (pictured), senior vice president and vice chair, TD Securities US. "Our plan is to complete the
Hedge funds were flat to marginally negative at 0.06 per cent during the month of August, with much of this weakness led by underlying CTA/managed futures and macro mandated hedge funds, according to data released by EurekaHedge.
On the other hand, underlying markets as represented by the MSCI World Index (Local) were up 0.48 per cent.
Close to 60 per cent of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equity mandated.
Asia ex-Japan hedge funds led performance among regional mandates this month,
American Depositary Receipts are an effective way for US investors to gain exposure to international stocks. Dorsey, Wright & Associates’ John Lewis (pictured) explains how using a momentum strategy can prove effective in building the right exposure to this instrument class.
Back in July 2014, the Sterling/US Dollar exchange rate was reached a high of USD1.71 but since then it has headed south, falling as low as USD1.29 following Brexit.
This downward trend has been a boon for US investors travelling to Europe on vacation. And whilst many have continued to focus their investment portfolios on US domestic stocks, the
