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Rebounding equity and energy markets caught some in the managed futures industry on the wrong foot in June, leading the CTA industry to a 0.22 per cent monthly loss, according to the Barclay CTA Index, compiled by BarclayHedge. Year-to-date CTAs were up 1.04 per cent through the end of June.
“As economies reopened from COVID-19 shutdowns, equity markets continued to recover while energy prices bounced back,” says Sol Waksman, president of BarclayHedge. “That environment challenged some longer-term trend followers who weren’t able to move as quickly as market conditions changed.”
CTA sectors were evenly split between gainers and losers in June.
C8 Technologies has partnered with LGBTQ Loyalty Holdings to make the the LGBTQ100 ESG Index tradable for investors around the world.
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A new company, LedgerEdge, has been launched by David E Rutter with the aim of building an ecosystem for the interchange of data and assets in the corporate bond market.
Read the full story at Institutional Asset Manager…
By Xavier Parain (pictured), CEO, FundRock Management Company – The impact of Covid-19 has altered the mechanics of almost every profession, and the fund management is no different. Here are four things that we have learnt about the way that fund managers have mitigated systemic risk during the crisis and slowed the spread of market contagion.
BNP Paribas Asset Management has launched a long/short global equity hedge fund which will invest in companies grappling with looming environmental challenges, as interest in ESG (environmental, social and governance) themed hedge fund strategies continues to soar.
BNP’s new Environmental Absolute Return Thematic (EARTH) Fund will trade energy, materials, agriculture and industrials stocks in both developed and emerging markets with market caps of more than USD1 billion.
It will take long punts in innovative companies that are addressing an assortment of environmental challenges – such as carbon emissions, waste production, and food, water and energy concerns – and pair them
The Standards Board for Alternative Investments (SBAI) has published two memos on alternative risk premia (aka dynamic beta) investing focusing on Backtesting and Broker Dealer Practices.
FlexTrade Systems (FlexTrade), a specialist in multi-asset execution and order management systems has announced direct availability of Liquidnet Targeted Invitations in its multi-asset trading blotter for equities.The functionality provides traders with targeted natural liquidity from other Liquidnet buy-side members and selected brokers, directly into the parent order blotter. With a minimum order size of 3 x LIS for EMEA equities, 25k shares/15 per cent ADV in Americas, and USD1.5M/25 per cent ADV in APAC, and an average execution size of about USD1.8 million, this quick availability of this actionable liquidity is critical for achieving Best Execution. Traders can access the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2020 measured 2.51 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.10 per cent in July.
“SS&C GlobeOp’s Capital Movement Index was -1.10 per cent for July 2020, indicating net outflows from funds, as is typical for the month based on normal seasonal patterns,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Taking seasonality into account, -1.10 per cent reported for the month is actually quite favourable. Improving on a year-over-year basis from the -1.51 per cent net outflows reported for July 2019
Hedge funds continued their positive ways in June, riding a continuing stock market recovery and reopening economies to a 2.04 per cent monthly return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 1.99 per cent in June.
Year-to-date, the hedge fund industry was down 2.71 per cent. The S&P 500 Total Return Index was down 3.08 per cent over the same period.
All sectors but one tracked by the Barclay Hedge Fund Indices were in the black for June. The lone exception was the
TheWilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.92 per cent in June, underperforming the 1.75 per cent monthly return of the HFRX Global Hedge Fund Index.
