Funds
Gottex Fund Management has reported good performance from its UCITS Multi-Asset Balanced Fund in 2014, up 6.0% for the year.
Both of the company’s Asian equity funds saw significant gains too, with the Gottex-Penjing Asian equity strategy up 7.7% in 2014 after returning 27.4% in 2013 and the Penjing Asia beta select product posting a return of 12.9% in 2014 after generating 14.7% the previous year.
Total fee-earning assets for the group were USD8.20 billion compared to USD8.70 billion at 30 September 2014.
In recent weeks Gottex has been preparing the launch of the Gottex Yellow Mountain UCITS Fund,
Preqin has launched its 2015 Preqin Global Alternatives Reports, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
Infrastructure enjoyed another year of solid growth in 2014, with the prospects for continued expansion looking good for 2015 and beyond. Assets under management for unlisted infrastructure managers reached an all-time high, having increased by 85% over the past five years.
The 2015 Preqin Global Infrastructure Report provides a comprehensive review of the industry along with
Total hedge fund assets fell 0.61% in December to end 2014 with total assets of USD3.041 trillion, according to eVestment’s latest hedge fund asset flows monthly report.
Redemptions were elevated during the month, a trend which has persisted in December of each of the last four years and is likely a seasonal factor, rather than one of overwhelmingly negative investor sentiment towards the industry.
Investors withdrew USD13.2 billion from hedge funds in December. The redemptions were enough to push Q4 flows to negative USD8.4 billion, the industry’s first quarterly decline in six quarters and its largest outflow since Q4 2012.
SYZ Asset Management has merged its SYZ AM (Lux) Absolute Return Institutional funds with its UCITS UK-registered OYSTER Absolute Return funds.
This move makes this proven strategy available to a wider investment public, particularly thanks to the launch of a retail-friendly RDR share class in GBP. Conservative and transparent, SYZ’s multi-asset approach combines cash, bonds, equities and alternative investments to deliver consistent performance with low volatility. Indeed, honed over 11 years by the same in-house investment team, this strategy has achieved a +35.5% cumulative return since fund launch in April 20081, with no negative calendar years and a moderate maximum
Altana Wealth, an investment management group founded by Lee Robinson, has launched a new fund – The Altana Directors’ Dealings System Fund (ADDS).
The Fund, now open to external investors, tracks the short term opportunistic buying behaviour of company directors in US liquid listed companies and replicates the best 0.5% of their trades. Rigorous back testing of the system shows that during the period 2003 to 2014 ADDS significantly outperformed the S&P 500 index. The strategy has already attracted significant investor interest including a large external cornerstone investor.
The strategy has been running live in a (non-UCITS) wrapper since November
Over recent weeks the market focus has switched from the Fed to central banks in Europe. Last week, the Swiss National bank (SNB) moved to scrap the euro cap, triggering sharp market moves on local FX and equity markets. This week, the ECB announced exceptional expansionary measures to reflate the economy. In this report we look at the implications for hedge funds and confirm what we presumed last week, i.e. the impact on hedge funds from the SNB move was rather positive for CTA/ Global Macro managers and negligible for L/S Equity.
Preqin launched its 2015 Preqin Global Alternatives Reports last week, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
Real estate as an asset class has been an important contributor to this growth, as improving valuations of unrealised assets have seen the value of private real estate industry assets rise by USD85bn over the 12 months to June 2014. However, rising prices have also led to tougher competition in the marketplace.
The 2015 Preqin Global Real Estate Report provides a comprehensive review of
Rob Burnett (pictured), Investment Director & Manager of the Neptune European Opportunities Fund, looks at the implications of Syriza’s election victory for Greece’s equity market…
Syriza's share of the vote in the Greek election was higher than expected at 36%, but just short of a complete majority. The party is likely to go into coalition with either The Independent Greeks or To Potami (The River). With Syriza having performed somewhat better than expected, what does this mean for Greece’s equity market? The instant reaction will likely be negative, but we believe this ought to prove to be a long-term buying opportunity for the
IndexIQ has seen assets in its exchange traded funds (ETFs) grow by approximately 46%, and total assets under management and advisement increase by almost 40% in 2014 to over USD1.6 billion.
The increase was led by the IQ Hedge Multi-Strategy Tracker ETF (QAI), which was the first – and remains the largest – liquid alternative ETF.
Five IndexIQ ETFs marked their fifth anniversaries in 2014, including QAI, which turned five on March 25th. The IQ Hedge Macro Tracker ETF (NYSE Arca: MCRO) turned five on 9 June. The IQ Merger Arbitrage ETF (NYSE Arca: MNA), the first ETF designed to
NewAlpha AM is expanding its activities beyond hedge funds with the successful raising of USD250 million in seed capital for a new long-only strategy.
The new Long-Only Equity strategy, a sub-fund of the French SICAV “Emergence”, which was created by Finance Innovation and with the support of the French Asset Management Association (AFG) and Paris Europlace, and is currently closed to new subscriptions, has attracted 12 institutional investors, several among the largest and most influential in France.
NewAlpha AM has selected two new asset managers Focus Asset Managers and Financière Arbevel, for their potential to deliver higher returns, and injected
