Funds
The UCITS Alternative Index Global posted gains of 0.21 per cent in April according to Alix Capital, who host the index. This puts the index at +1.80 per cent for 2013, compared to +1.28 per cent through April last year. Continuing on from strong gains in March, the UAI CTA posted the best performance for April, up +1.81 per cent to leave it at +4.13 per cent for the year.
The next best strategy was UAI Multi-Strategy, up +0.80 per cent, followed by UAI Fixed Income, up +0.50 per cent. Conversely, the UAI FX and UAI Commodities recorded losses of
SPDR ETFs, the ETF platform of State Street Global Advisors (SSgA), announced this week that it had launched the SPDR Barclays EM Inflation-Linked Local Bond UCITS ETF on the Deutsche Borse; the world’s first ETF to offer pure exposure to EM inflation-linked debt. The physically-backed ETF tracks the Barclays EM Inflation-Linked 20 per cent Capped Index, which includes inflation-linked sovereign bonds issued by Brazil, Mexico, Chile, South Africa, Poland, Turkey, Israel, Korea and Thailand.
Scott Ebner, global head of product development for SSgA, said: “The SPDR Barclays EM Inflation-Linked Local Bond UCITS ETF gives investors simplified access to a diversified
Weeden Investors, the parent company of Weeden & Co – a full-service institutional broker, has completed the acquisition of Saxis Group, a full-service prime brokerage business.
Under the confidential terms of the agreement, Saxis Group becomes a wholly owned subsidiary of Weeden Investors and will continue to be led by its founder and chief executive Sohail Khalid.
Saxis Group is a technology-powered prime brokerage business focused on providing institutional quality services to hedge funds and family offices. With a focus on capital raising and cutting edge technology Saxis Group has created a platform under which its clients can
NewAlpha Asset Management, the Paris-based global hedge fund seeding group, and the SICAV Emergence have made a joint seed investment in KeyQuant, an investment manager specialising in systematic strategies.
Launched in January 2012 and managed by NewAlpha, the seeding fund dedicated to French-registered hedge fund managers “Emergence Performance Absolue” will invest EUR30m in Key Trends Ucits, a fund recently approved by the Luxemburg-based Commission de Surveillance du Secteur Financier (CSSF).
KeyQuant was founded in 2009 in Paris by Robert Baguenault de Viéville and Raphael Gelrubin who met in 2004 at Man-Fidex, where they jointly developed a trend following
This week Alceda Fund Management SA announced that two US fund managers had joined the Alceda UCITS Platform (AUP). The two managers in question are Miller/Howard Investments, a New York-based equities specialist and Clark Capital Management Group, a Philadelphia-based investment firm.
Miller/Howard has been focusing on high-quality, income-producing equities since 1991 and has allowed the firm to grow to over USD5.3billion in AuM. Commenting on the decision to join the Alceda platform Lowell Miller, President and CIO, said: “Today we’re excited about being able to offer our strategy in a UCITS format for international investors. Given the uncertain economic world,
There’s been an uptick in the number of alternative fund managers launching UCITS-compliant
ML Capital Asset Management, the investment manager and promoter of the MontLake UCITS Platform, has published the 10th edition of the quarterly ML Capital Alternative UCITS Barometer.
The Barometer is designed to help identify and anticipate key trends in the demand for the major strategies within the alternative UCITS sector.
ML Capital surveyed a diverse range of 49 investors who collectively manage over USD85bn and today invest upwards of USD19bn into alternative UCITS reflecting the widening of the investor base for regulated alternative products in Europe. Respondents range from insurance and pension funds to private banking organisations, with
Lyxor Asset Management this week announced the lauch of the Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant fund designed to provide investors with access to Canyon Capital Advisors LLC’s event driven and credit-oriented strategies across a variety of asset classes. It is the first UCITS strategy of its kind to feature on Lyxor’s Alternative UCITS Platform.
The fund offers both diversified and differentiated exposure. With respect to diversified exposure, the fund has the ability to invest in certain special situation securities such as select liquidations, high yield and distressed corporate bonds, equities, convertibles and agency residential mortgage-backed securities.
Canyon was
Lyxor Asset Management has launched the Lyxor/Canyon Credit Strategy Fund, a UCITS-compliant vehicle designed to access Canyon Capital Advisors’ event-driven and credit-oriented strategies across a broad spectrum of asset classes.
Canyon is partnering with Lyxor to bring the necessary scale, breadth and depth to implement the first UCITS strategy of this kind on Lyxor’s Alternative UCITS Platform.
The fund is designed to provide:
Diversified exposure – The fund has the ability to invest in certain special situation securities such as, but not limited to, select liquidations, high yield and distressed corporate bonds, equities, convertibles and agency residential
UCITS hedge funds are typically more volatile and underperform their non-UCITS hedge fund rivals, according to a comparative study by the Edhec-Risk Institute.
The findings also show that the domicile of a fund is an important indicator of a fund’s likely performance with European domiciled funds delivering lower risk-adjusted returns compared to funds domiciled in other regions.
Noël Amenc (pictured), director of Edhec-Risk Institute, says: “Investors are increasingly considering hedge funds as part of their investment universe, but are also searching for access to sophisticated risk management techniques within the regulated and transparent world of mutual fund products.
