Managers
BlackRock’s results for the second quarter of 2018 reveal USD20 billion of total net inflows, positive across active, index and cash management.
The figures represent an 11 per cent revenue growth year-over-year driven by base fees, performance fees and technology services revenue and the firm writes that the 16 per cent operating income growth year-over-year reflects operating margin expansion.
There was 27 per cent diluted EPS growth (28 per cent as adjusted) driven in part by lower tax rate and USD300 million of quarterly share repurchases.
Laurence D. Fink, Chairman and CEO of BlackRock says: “BlackRock delivered strong financial results
By Andrew Harding – Ahead of the World Cup The Economist ran an article entitled “What makes a country good at football?” The journal explored the various components of a successful national side, taking account of GDP, population size and the popularity of the game in each country.
Wealth, size and popularity of the game were all found to be correlated with success, but these elements made up less than half the story. Centralised schemes to promote the game were found to significantly improve performance, and were much easier to establish in smaller countries such as Uruguay and Iceland. To
By Fiona Le Poidevin, TISE – There were 705 new listings on The International Stock Exchange (TISE) during 2017, which was an increase of 40 per cent on the previous year. In the first quarter of 2018, there was a 16.5 per cent rise year on year in new business, which took the total number of listed securities on the Exchange to 2,606 at the end of March 2018. These listings comprise a mix of equity and debt being issued by operating companies and nearly 400 securities issued by investment vehicles, including open and closed-ended funds and more than a
By Dr Andy Sloan (pictured), Guernsey Finance – Guernsey has been identified as an ‘emerging global contender’ in green finance. In a climate currently led by the global commitments made at the United Nations COP 21 conference in 2015, Guernsey has identified green issues as a key strategic objective.
The island is rapidly becoming the “go to” international finance centre for green finance. The introduction by the regulator, the Guernsey Financial Services Commission, of the world’s first regulated green fund product, the “Guernsey Green Fund” puts us at the forefront of green finance development.
The objective of the GGF is
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has launched the BlueBay Diversified Alternative Credit Fund in response to client demand.
The new fund is designed to provide investors with a single point of access to BlueBay’s best ideas in long/short credit across liquid and less liquid markets, in a European structure, a Dublin ICAV (QIAIF). The fund is intended to appeal to both institutional investors and wealth managers seeking a more flexible approach to generating returns in the changing market environment.
The fund’s objective is to achieve enhanced risk-adjusted returns from investing across a diversified range of unconstrained
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2018 measured -0.34 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.49 per cent in July.
“SS&C GlobeOp’s Capital Movement Index of -1.49 per cent for July 2018 should be viewed as a strong result in light of the seasonality of net flows. The month of July typically experiences negative flows, but it’s noteworthy that the -1.49 per cent reported for July 2018 reflects an improvement in net outflows from the -1.78 per cent reported a year ago for July 2017, and is also
Saba Capital Management, the New York based USD1.4 billion hedge fund, has recently celebrated the one-year anniversary of its first foray into ETFs, with CEFS, its ETF based on closed-end funds.
Leah Jordan, Vice President at Saba Capital, explains that the product is an extension of what the firm seeks to achieve in its hedge fund model where it focuses on global closed-end funds, principally those in the US and the UK, that are trading at significant discounts to NAV, in the search for yield.
“We actively trade closed-end funds as one of our core strategies,” Jordan explains. “We look
Halfway through 2018, and hedge funds are producing very mixed results with just over half of reporting strategies positive for the year, according to the June 2018 eVestment Hedge Fund Performance Report.
Those funds that are positive are up an average of 5.3 per cent, while those in the red are down an average of 5.3 per cent. Overall industry returns were just slightly negative at -0.51 per cent in June, while 2Q 2018 returns were positive at +0.37 per cent and YTD 2018 returns stand at +0.16 per cent.
Among primary markets Broad Capital Structure funds are among
The Wilshire Liquid Alternative IndexSM, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.24 per cent in June, and -0.56 per cent for the second quarter in 2018.
Both returns underperformed the -0.19 per cent monthly return and 0.16 per cent quarterly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Volatility continued in the second quarter, as
SaxoSelect, a fully digital and automated investment service that enables clients of Saxo Bank to invest in pre-selected portfolios, has reported that its growth and risk-on managed portfolios have seen a 43 per cent increase in net capital flows in Q2.
The two Equity Portfolios of global stocks, which utilise the strategies and research from world leading experts at Morningstar and most recently, Nasdaq, target strong growth over the medium term. In the second quarter, these portfolios saw a 166 per cent increase in net capital inflows over first quarter flows.
Another group of portfolios, Trading Strategies, which are
