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The performance of every hedge fund strategy and sub-strategy was in positive territory last week (12-19 March), with Special Situation and Global Macro strategies outperforming, up +0.8 per cent, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
On a month-to-date basis, only L/S Equity Market Neutral strategies are in negative territory (-0.1 per cent), while CTAs and discretionary Macro strategies outperformed. L/S Credit strategies also managed to perform reasonably well recently.
In terms of positioning, CTAs and Global Macro strategies have further increased their equity positions, from very low levels at the end of January.
The results of a Guernsey Finance funds survey, carried out among asset managers and intermediaries at the SuperReturn International, show that more than half of managers would consider splitting global and EU distribution if it led to improved levels of service.
More than half of firms surveyed are considering reviewing their distribution and structuring of investment funds in the next 12 months and some three-quarters have reviewed their distribution arrangements in the previous two years.
Market access is a key priority. Managers are starting to recognise Guernsey’s credentials in global distribution – proven routes to market for institutional investors
Style Analytics, a provider of factor-based analysis software for investment professionals, has entered into a distribution agreement with Sustainalytics, a specialist in ESG research, ratings and analysis, to serve the rapidly growing demand to integrate ESG considerations into the investment process.
As part of the agreement, Style Analytics will provide an easily-accessible portfolio level view of Sustainalytics’ company ESG data through its Skyline product.
As ESG considerations become more embedded into investment decision-making processes, the need for more powerful analytic tools is becoming more pressing. By bringing together market leaders in ESG data and research and factor analytics, investors
Driven by client need to reduce risks related to operational, liquidity and counterparty risks, dealers Goldman Sachs, JP Morgan, Morgan Stanley, Societe Generale, UBS and Wells Fargo are among the latest organisations to adopt DTCC-Euroclear Global Collateral’s (GlobalCollateral) Margin Transit Utility (MTU).
These dealers join over 30 investment management, administrator and custodian firms, including Brandywine Global Investment Management, Fidelity International, Franklin Templeton, Vanguard and Brown Brothers Harriman (BBH) who have adopted the service.
MTU straight-through-processing is designed to offer improved efficiency for the transfer of collateral among market participants, by centralising communications and settlement instructions within MTU. The service
BlackRock is to acquire 100 per cent of the equity interests in eFront, an end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for USD1.3 billion in cash.
The combination of eFront with Aladdin, BlackRock’s investment operating platform used by more than 225 institutions around the world, will set a new standard in investment and risk management technology.
eFront, which serves more than 700 clients in 48 countries, is a comprehensive technology solution for managing the alternatives investment lifecycle, from due diligence and portfolio planning to performance and risk analysis, across a
After launching British Pound (GBP) on its C2C (customer-to-customer) fiat-to-token trading platform, OKEx, a Malta-based digital asset exchange, has held a networking event in London.
During the “mindxchange” session, several crypto leaders attended and discussed the barriers to adopting cryptocurrencies in the UK. The panelists, including Stephan Ifrah, CEO of NapoleonX, Jack Power, Founder of The Crypto Clubs, Pete Wood, CEO of CoinBurp, Gregpry Klumov, CEO and Founder of Stasis and Philipp Pieper, CEO and Co-founder of Swarm Fund, pointed out that a robust regulatory environment is the key to the next bull run in the digital assets market. As the
Trium Capital, a London-based alternative investment specialist with a full-scope UCITS platform, has taken the strategic decision to bolster its operational infrastructure by expanding into Dublin.
Subject to regulatory approval, the Irish office, led by Andrew Collins, will enhance Trium’s distribution capabilities, create a platform for growth and safeguard clients, partners and investors against long-term political instability.
Trium will create a ‘Super ManCo’ in Dublin to house all of its UCITS and non-UCITS funds, underscoring its commitment to building its presence in the UCITS jurisdiction. The new entity will also ensure the firm has the necessary permissions to manage
SS&C Eze has added its Locate feature – a fully-integrated tool that automates the locate process for short orders – to Eze Eclipse.
Locate ensures that Eze Eclipse users are able to see indicative rates across their connected counterparties, automating and informing their allocation decisions.
Eclipse is currently connected to the largest prime brokers and other providers of securities financing in the space and continues to expand that roster.
“The ability to quickly and efficiently execute short orders, while being fully compliant with increasingly stringent regulatory requirements, is core to the success of hedge fund operations,” says Eric
Investors may have added USD1.69 billion to hedge funds in February but they face a rough road in 2019 with net inflows still in the negative YTD, according to eVestment’s February 2019 Hedge Fund Asset Flows Report.
February is traditionally a bellwether month for hedge fund industry performance for the rest of the year, and February 2019 was the worst February for net flows in a decade.
However, while flows have generally been disappointing, individual products have performed quite well, with multi-strategy funds emerging as a preference for investors in 2019, with continued strong performance from January. eVestment has
Three periods of volatility in 2018, the last of which (in December) caused the biggest drop in US equities since the 1930s, were welcome news for convertible arbitrage fund managers. Simply put, the rise in volatility acts as a positive factor for convertibles as it increases the value of the convertible bond’s embedded option.
If, therefore, as some commentators believe, global equity markets become more frothy, the ability for convertibles to provide equity-like returns with less volatility could prove particularly helpful for investors in 2019. During equity market rallies, convertible bonds still give investors upside, but crucially, in a downturn,
