Funds
Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) navigated volatile markets to finish the month with a slight loss. The GGHFI shed 1.32% compared to global equity returns in the S&P 500 Total Return (-1.67%), MSCI World Equity (-1.73%), and FTSE 100 (-0.74%) equity indices. 28% of constituent funds in the GGHFI ended the month with gains.
Short-biased and fixed income arbitrage funds posted positive results for the month, while long-short equity managers declined 1.06%, less than equity benchmarks. Managed futures funds meanwhile slid 2.39% on intra-month selloff in equities and commodities.
Long-short credit and
Man Group’s GLG Partners is to launch the GLG European Equity Alternative (the fund), a UCITS version of its successful GLG European long-short strategy.
Managed by Pierre Lagrange (pictured), partner and co-founder of GLG, Simon Savage, a specialist in active risk management, and Darren Hodges, an expert in options trading, the Fund for the first time offers retail investors access to the team behind the GLG European Long-Short strategy, which has a track record since 2000.
The GLG European Long-Short (ELS) strategy combines two key objectives. The first objective is aiming to deliver sustainable capital growth. Emphasising stock
Tikehau IM, the Paris-based asset manager specialising in credit and fixed-income markets, has reported, as of 30 June, over EUR600m of assets under management, on the back of EUR300m inflows during the first half of 2011.
Tikehau IM focuses primarily on three main segments of credit markets: bonds, loans and private debt. The investment vehicles offered are French open-ended funds, currently covering three main strategies (corporate credit allocation, floating rates notes, and subordinated financials bonds), as well as special situations fund and private-debt bespoke solutions.
Within the sole open-ended funds (UCITS) segment itself; Tikehau IM has more than doubled its
As of 06/30/2011 the Salus Alpha Commodity Arbitrage VT heads the list of Salus Alpha Funds with 1.78% MTD-Return. The fund returned +1.78% in June to date and excellent +8.99% since the beginning of the year 2011.
The fund outperformed the Dow Jones UBS Commodity Index by 6.83% during the reporting period, which lost -5.05%, and it outperformed the S&P GSCI Index by 7.21%, which booked a loss of -5.43% in the reporting period. The 12 month rolling alpha of Salus Alpha Commodity Arbitrage to the S&P500 is 9% p.a., the 12 month rolling beta is currently -0.1. This implies that
Considering hedge funds themselves suffered losses in excess of 1 per cent in June, it is perhaps no surprise that alternative UCITS funds also failed to successfull
Merchant Capital this week announced the launch of a Russian equity l/s vehicle on its independent platform.
Morgan Stanley this week announced the latest addition to FundLogic Alternatives Plc – the US bank’s Dublin-based UCITS umbrella structure.
After reporting in last week’s newsletter that JP Morgan Asset Management had launched a UCITS version of their Nippon Neutral Strategy – Japan Market Neutral (UC
Merchant Capital Ltd (Merchant), the asset management division of Merchant House Group Plc, has launched the Russian Phoenix UCITS Fund on its independent UCITS umbrella platform. The fund officially launched on 2nd June 2011 with SGD40 million of assets under management.
The Russian Phoenix UCITS Fund replicates the strategy of an existing long/short product managed by Spectrum Partners Group, the Spectrum Russian Phoenix Fund, which has a two-year audited track record. The strategy follows a thematic investment approach with active stock-picking aiming to identify investment opportunities with a favourable risk/reward profile. It predominantly invests in large-cap equities actively traded in
Skyline Capital Management, the London-based hedge fund manager established last year by Geoff Bamber and Vernon West, announced this week that it was launching a global equity
