Funds
The Abbey Capital Futures Strategy Fund has surpassed USD100 million in assets under management. The fund, Abbey Capital’s first 1940 Act liquid alternative mutual fund, launched on 1 July 2014 and has returned over 26 per cent since inception.
The fund offers individual and institutional investors access to a multi-manager managed futures mutual fund, comprising leading managed futures managers, and leveraging Abbey Capital’s expertise in manager selection, portfolio construction and risk management.
“The recent strong performance from managed futures shows its value for investors as part of a diversified portfolio,” says Tony Gannon, CEO of Abbey Capital. “The increase
Hedge funds continue to climb higher, with the Lyxor HFI up 3.5% ytd (up to 24 March). The asset class was supported this week by L/S Equity, and in particular Asian managers that have done particularly well. Their successful stock-picking captured the buoyant market environment on the long book without losing much on the short book. Over the recent months, we have been advocating the benefits of Asian L/S managers for diversification purposes and continue to do so.
Aston Hill Asset Management has launched two new mutual funds – the Aston Hill US Growth Fund and Aston Hill Corporate Bond Fund (formerly Build America Investment Grade Bond Fund).
Both funds align with Aston Hill's objective of providing Liquid Alternative mutual funds to Canadian investors.
Aston Hill US Growth Fund aims to achieve long-term capital growth by investing primarily in US equity securities, and may also invest, to a lesser extent, in non-US equity securities. Managed by Co-Chief Investment Officer, Jeff Burchell, the US Growth Fund combines fundamental equity research with a variety of option strategies designed to generate
The fortunes of European and US funds of hedge funds have become increasingly polarized over the past year, as the 2015 Preqin Global Hedge Fund Report found. In an extract from March’s edition of Preqin’s Hedge Fund Spotlight, we look at this trend and assess whether it is likely to persist in the longer term.
Funds of hedge funds have had a challenging road to recovery following the fallout of the global financial crisis and the events surrounding the Madoff scandal in 2008. The industry’s assets under management fell from a peak of USD1.2tn in December 2008 to USD948bn by
SS&C Technologies Holdings has partnered with Americas Trading Group (ATG) to provide advanced algorithmic trading strategies to SS&C MarketTrader Order Management System (OMS) clients and FIXLink electronic trading community participants.
ATG is a Brazilian-based electronic trading and technology provider with 35 local sponsoring brokers across Latin America. Leveraging expertise built from a unique understanding of those markets, ATG’s suite of multi-asset algos are optimised for local market execution.
"We partnered with SS&C as an opportunity to provide our clients access to MarketTrader’s expanding user base and to join SS&C’s FIXLink trading community,” says Francisco Gurgel, Partner and Chief
STOXX has introduced daily currency hedged versions of the EURO STOXX 50, EURO STOXX, EURO STOXX Select Dividend 30, STOXX Europe 600 and STOXX Europe Select Dividend 30 indices.
The new indices are aimed at investors seeking exposure to these well-known STOXX benchmarks, while at the same time looking to reduce the risk of currency fluctuations.
The GBP and USD hedged versions of the EURO STOXX 50 Index have been licensed to Lyxor ETF, to underlie two exchange-traded funds, which are available on London Stock Exchange.
“Increasing exchange rate volatility can lead to significant deviations between index performance in local
Chi-X Canada ATS Limited has released CX2’s Odd Lot Facility pricing schedule and confirmed its launch on Wednesday, 1 April, 2015.
CX2’s Odd Lot Facility will offer unique features which include the ability to immediately execute marketable odd lot IOC orders for all TSX listed and TSX Venture listed securities at the contra-side of the Canadian Best Bid Offer (CBBO).
Dan Kessous, CEO of Chi-X Canada, says: “We would like to thank the trading community which was the key driver behind the inception of CX2’s Odd Lot Facility. We recognise that Chi-X, the largest competitor to the primary market, is
Jersey has an opportunity to diversify its alternative funds capabilities and a growing role to play as a European domicile supporting US fund managers, according to panellists at this year’s Jersey Finance Annual London Fund Conference.
Discussing global opportunities for Jersey, the panel at this year’s conference, which took place on 19 March at 8 Northumberland Avenue and was entitled 'Winning Moves', highlighted that there was real potential for Jersey to build on its strong track record in the real estate and private equity fund asset classes, galvanise its hedge fund offering and diversify further within the alternative asset classes.
Vontobel Asset Management is to acquire a 60 per cent stake in TwentyFour Asset Management LLP (TwentyFour), an independent fixed income specialist based in London.
The transaction strengthens Vontobel’s presence in the UK market, extends its fixed income product offering and underlines its commitment to broaden its asset management business through targeted investments. Adding TwentyFour’s entrepreneurial culture and focused investment approach to Vontobel’s highly successful Fixed Income Boutique and global reach creates an excellent opportunity to accelerate the growth of both groups. Vontobel and TwentyFour will offer clients a broader range of specialised fixed income strategies, for which there is
Alternative asset manager The Carlyle Group is to acquire a majority stake in assets services firm Conifer Financial Services. Senior management of Conifer will continue to lead the business and own a significant minority interest in the company.
The transaction, terms of which have not been disclosed, is expected to close in the second quarter of 2015 subject to customary closing requirements and regulatory approvals.
Conifer has broad experience in offering front-to-back capabilities across all asset classes for hedge funds, pensions, endowments, foundations, funds of funds and family offices, as well as private equity and venture capital. With more than
