Managers
Eurekahedge reports that hedge funds started the year on a positive note, up 0.84 per cent during the month of January. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 1.49 per cent over the same period.
Among regional mandates, Latin American hedge fund managers topped the tables, gaining 3.47 per cent while event driven managers posted the best returns, up 1.95 per cent among strategic mandates. Financial markets were still hinged on the developments post-Trump win with US equity markets trading higher at the start of January on the back of encouraging US macro data.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.59 per cent in January, outperforming the 0.50 per cent monthly return for 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.
“Due to the perceived optimism that Trump and the Republican party bring to the economy, credit managers in both relative value and event driven strategies
Lyxor’s Cross Asset Research team has focused on the performance of value equity funds versus their benchmarks in this week’s report, commenting that value stocks have lost steam but active managers are staying afloat.
The firm writes that value stocks have lost steam in early 2017 as market exuberance faded and investors reappraised the risks of trade wars. “The renewed underperformance of value stocks has taken many investors by surprise as it follows a sharp rebound in the last quarter of 2016. The January reversal has been particularly abrupt in the U.S. The MSCI USA Value underperformed the market by
The Alternative UCITS market keeps showing strong growth with LuxHedge recording net inflows of EUR5.2 billion in assets under management in January.
The strongest rise occurred in Fixed Income Arbitrage (EUR2.8 billion), Global Macro (EUR0.9 billion) and Multi-Strategy (EUR0.8 billion) funds. The relatively smaller segment of Volatility Arbitrage funds was the only one to show a declining AUM in January: -EUR0.4 billion.
The LuxHedge Alternative UCITS indices held up well across almost all strategy styles with the LuxHedge Global Alternative UCITS Index increasing 0.25 per cent during January 2017. The largest gain was recorded by the Event Driven funds as measured by the
In the face of more than USD100 billion in investor redemptions in 2016, hedge funds continue to perform surprisingly well out of the gate in 2017, according to eVestment's January 2017 Hedge Fund Performance Report.
The industry started off 2017 with an average +1.16 per cent, with more than 70 per cent of hedge funds reporting positive results for the first month of the year.
In fact, despite some disappointing performance in a few hedge fund segments, industry results show the importance of using data and market insight to pick the right hedge funds and the importance of hedge
Castle Hall Alternatives is to integrate SwissAnalytics within its global due diligence platform.
Under a user rights and intellectual property agreement, Castle Hall has acquired SwissAnalytics’ operational due diligence practice, together with SwissAnalytics’ quantitative and qualitative investment risk due diligence tools.
“With this agreement, we are delighted to fully incorporate the SwissAnalytics due diligence capability into the Castle Hall offering,” says Chris Addy (pictured), president and CEO of Castle Hall Alternatives. “Castle Hall first reached a partnership agreement with SwissAnalytics in 2014, and the expanded diligence capabilities this relationship has brought us have been embraced by clients across Europe.
Blue Sky Alternative Investments has reported a significant rise in revenue, profitability, cash flow, margins and fee-earning assets under management for the half-year period ending 31 December 2016, driven by growth in alternative assets.
Underlying net profit after tax (NPAT) was up 130 per cent to AUD10.1 million (1H FY16: AUD4.4 million), while underlying EBITDA margins expanded to 41 per cent (1H FY16: 28 per cent).
Underlying income for the period was up 53 per cent to AUD36.4 million (1H FY16: AUD23.8 million); and net operating cash flow was up 200 per cent to AUD9.3 million (1H FY16: AUD3.1
CME Group has declared a first-quarter dividend of USD0.66 per share, a 10 per cent increase from the prior rate of USD0.60 per share.
The dividend is payable on 27 March 2017 to shareholders of record as of 10 March 2017.
Through its exchanges, CME Group offers a range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. CME Group provides electronic trading globally on its CME Globex platform.
The company also offers clearing and settlement services across asset classes for exchange-traded and
Proper fund governance has long been championed by leading offshore law firm Conyers Dill & Pearman, which for the last decade has encouraged its hedge fund clients to hold at least annual directors meetings. Initially this was met with some resistance according to Robert Briant (pictured), Partner and head of Conyers’ BVI office, who confirms that such resistance has softened over the last few years.
“Even though there is no requirement in the BVI for the directors to meet annually, they do meet and are happy to meet when we suggest it. So that is a positive change. Some funds
Circle Partners is an independent fund administrator with offices in the BVI, Cayman Islands, and across the EU, the Americas and Hong Kong.
"We've seen a lot of growth in new BVI fund vehicles over the last 12 months – both the Incubator Fund and the more popular Approved Fund," reflects Peter Jakubicka (pictured), Business Development Manager at Circle Partners. "These vehicles have been the main driver of business for us in the BVI and we've seen continued interest in the first few weeks of January this year; this is partly due to the fact that Cayman has not introduced
