Funds
Schroders is launching a UCITS hedge fund product via its GAIA platform – the Schroder GAIA Two Sigma Diversified – which will be sub-advised by Two Sigma Advisers.
Created by Two Sigma Advisers, in collaboration with Schroders, the fund’s strategy combine US equity market-neutral and global macro strategies.
The fund aims to offer investors portfolio diversification through a liquid alternative strategy that intends to be uncorrelated to traditional equity and bond markets.
The strategy will apply a scientific and algorithmic approach to investing across thousands of individual equities and hundreds of macro markets, allocating the majority of the
Samuel A Ramirez, a securities firm and bond market specialist, has seen over USD22 billion in sell-side fixed income trades as of 31 July 2016, already surpassing its 2015 year-end totals.
The growth is one result of the firm's strategic institutional team expansion that began in 2014. Today Ramirez has over 50 sales and trading professionals across seven trading desks.
“Ramirez offers well-rounded coverage for our institutional clients, including access to the primary and secondary markets, best-in-class credit and economic research, and 45 years of experience in these markets," says Samuel Ramirez, president and chief executive officer of Samuel
Investors redeemed an estimated net USD25.2 billion from hedge funds in July on the back of outflows of USD23.5 billion in June, according to eVestment’s latest Hedge Fund Asset Flows Report.
The latest wave of redemption pressure brings year-to-date flows to a negative USD55.9 billion.
In terms of cumulative magnitude, the redemption pressures facing the hedge fund industry in the last two months are reminiscent of the second half of 2011, when in a four month span investors redeemed an estimated USD42.0 billion. Unless these pressures recede, 2016 will be the third year on record with net annual outflows,
The Context Macro Opportunities Fund has surpassed USD100 million in assets under management, a year after commencing operations on 4 August 2015.
The Context Macro Opportunities Fund seeks total return with low to negative correlation to broad financial markets by using alternative investment strategies. Total return consists of capital appreciation and income.
"This milestone highlights our ability to select a proven private fund manager in First Principles Capital Management and create a registered product with an investment objective to lower correlation to traditional risk assets and which seeks to generate asymmetric returns," says John Culbertson (pictured), president and chief
Fund administration provider MainstreamBPO is to acquire New York-based hedge fund administration business Fundadministration.
Fundadministration is a US full-service fund administration firm that works with emerging and established hedge fund managers, registered investment advisers and traders.
The firm administers 140 funds for 45 clients with funds under administration (FUA) of USD5 billion.
All of Fundadministration’s existing staff will join MainstreamBPO with Fundadministration CEO Denise DePaola to join the group’s executive team and become the CEO of MainstreamBPO’s US operations.
The acquisition is part of Australian based MainstreamBPO’s growth strategy of expanding into key fund services markets, with
Australian hedge funds have recovered from the outflows which occurred during the global financial crisis, according to industry stalwart Kim Ivey (pictured), now an adviser to hedge fund managers and family offices.
He says that some are having a particularly good year now thanks to the extra volatility from the nervousness over China and the ramifications of Brexit.
Ivey, a founder of the annual Hedge Funds Rock & The Australian Hedge Fund Awards charity night, which is in its 15th year and is due to be held at Sydney’s Ivy Ballroom on 15 September, says trend-following strategies such as
An affiliate of alternative investment platform FAB Partners is to acquire US private debt investment manager CIFC for approximately USD333 million in cash.
Under the terms of the merger agreement, CIFC shareholders will be entitled to receive USD11.46 in cash per share – USD11.36 per share as consideration in the merger, plus a USD0.10 per share distribution detailed below.
This represents a premium of more than 60 per cent over CIFC's closing share price on 19 August and a premium of approximately 160 per cent over the 27 January 2016 closing share price, the day prior to CIFC's announcement
Rhenman & Partners Asset Management is to launch a global equity long-short fund on 31 August, named Rhenman Global Opportunities L/S.
The fund can invest in all sectors worldwide and will be managed by Staffan Knafve.
Rhenman Global Opportunities L/S will make its investments based on active selection of regions and sectors, completely independent of index.
The fund will take 35 to 50 positions, preferably in larger companies. The investment horizon for long positions will typically be two to four years, while the time horizon for short positions will typically be six months up to two years. The
Nasdaq has extended its contract with BM&F Bovespa – the largest stock exchange in Latin America – for the use of the SMARTS Market Surveillance platform across Brazil's equities, commodities and futures markets.
Nasdaq has been working with BM&F Bovespa since 2011, helping to detect irregularities and market abuse in the Brazilian market.
As well as continuing to provide high quality market surveillance solutions, Nasdaq will be upgrading the exchange to the latest version of SMARTS, which includes a broad set of enhancements such as new modules, improved performance and capacity, and new visualisations to aid investigation.
"We
After a drawdown in June due to the market turmoil surrounding the Brexit vote, the UCITS HFS Index bounced back in July, reporting gains of 0.75 per cent.
The broad index started the month with a positive performance of 0.32 per cent after the first full week of trading. Maintaining that momentum, week two brought additional gains of 0.30 per cent.
The UCITS HFS Index slowed down in the second half of the month, but week three and four still saw the increases of 0.11 per cent and 0.03 per cent, respectively. Of all funds tracked 76.23 per cent
