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The Lyxor L/S Equity strategy outperformed this week, mostly from beta, according to the latest Weekly Brief from the firm’s Cross Asset Research team.
L/S Equity returns were homogeneously red in December, and green in January. Yet, a number of managers stood out in December, giving back some gains afterward.
Lyxor writes: “We observe only few alterations in L/S Equity portfolios at the start of 2019. Most managers steadily reduced their net and gross exposures since Summer 2018, both brought near to their historical lows. Their de-risking came to an end in December. Since then, only few managers bought
Jupiter Asset Management has appointed Mark Richards as a Strategist in its growing Multi-Asset team, reporting to Head of Strategy, Multi-Asset, Talib Sheikh.
Richards has sixteen years of experience covering economics and financial markets, most of which as he has spent as an equity strategist. He will work closely with Talib and the Multi-Asset team with a particular focus on the Jupiter Flexible Income fund, which launched in September 2018. The role of Strategist is a new addition for Jupiter and will give Richards the flexibility to draw on the breadth of equity and macro expertise across the company’s investment
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2018 measured -1.35 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.69 per cent in January.
“SS&C GlobeOp’s Capital Movement Index of -1.69 per cent for January 2019 reflects improved net flows compared to the -1.74 per cent reported for the same period a year ago for January 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “January typically sees negative net flows due to the normal seasonality. What is noteworthy, though, is this marks the
StatPro Group, an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, capped off 2018 with a new strategic partnership with Broadridge, and the acquisition of ODDO BHF, a regulatory risk services bureau.
In addition, the company made three new senior executive hires.
During the course of the year StatPro signed 20 clients in eight different countries for contracts greater than USD100k per annum, underscoring the momentum we are building across the industry.
Justin Wheatley (pictured), CEO of StatPro, says: “Our 2018 partnership with Broadridge re-affirmed our role as a leader
SANNE, a provider of alternative asset and corporate services, has opened a new office in Tokyo, Japan. The company has also made the key appointment of Mark Bennett as Country Head of its Japanese business.
The opening of this new office expands SANNE’s already strong network of offices across the Asia-Pacific region and adds further capability and scope to the services SANNE can offer its clients. SANNE first established a presence in Asia in 2010 when it opened offices in Shanghai and Hong Kong, further opening a Singapore office in 2014.
Mark Law, Managing Director – Asia-Pacific & Mauritius,
The European Energy Exchange (EEX) has published the calendar for the 2019 auctions of EU allowances (EUA) and EU aviation allowances (EUAA) on behalf of the Federal Republic of Germany.
The calendar complements the auction calendars which have been published in December 2018 for Poland and for the 25 EU Member States in the framework of the CAP2 auctions.
The EUA auctions on behalf of Germany will be scheduled on Fridays during the period from 1 February to 13 December 2019.
Since 1 January 2019, the Market Stability Reserve (MSR) is operating. Pursuant to Article 14(1)(l) of Commission
Leading offshore law firm Carey Olsen has appointed Jasmine Amaria as a Cayman Islands and British Virgin Islands (BVI) corporate partner in its London office.
Amaria, who joins from the London office of another offshore law firm, specialises in both Cayman Islands and BVI corporate law. She has significant experience in investment funds and corporate and finance matters, with a particular emphasis on fund formation and ongoing corporate transactions and financing activities, mergers and acquisitions, joint ventures, shareholder arrangements and group reorganisations and restructurings. Prior to moving offshore, Amaria spent nine years at Slaughter and May, where she trained and
Temenos (SIX: TEMN), a banking software company, has formed a strategic collaboration with Bloomberg to deliver contingency Net Asset Value (NAV) calculations to buy-side institutions.
The company will make its leading Temenos Multifonds Global Accounting product accessible via the Bloomberg Terminal, so it operates with data, analytics, and other investment workflow services Bloomberg offers. This innovative and unique offering allows asset managers to generate NAV estimates independent of and in parallel to their fund administrators, enabling accurate daily oversight, and ensuring continuity of operations in the event of outages. As part of this global collaboration – initially focused in the
Jose Castellano has joined iM Global Partner as deputy CEO and Head of International Business Development.
iM Global Partner is an investment and development asset management platform focused on acquiring strategic investments in traditional and alternative investment firms, its Partners, with an objective of growing together. iM Global Partner aims to cover a wide spectrum of high alpha strategies globally supporting its present and future top-of-the-range managers.
iM Global Partner, which opened a distribution platform in the United States mid-2018, is now accelerating its international business development’s resources for its Partners.
Castellano (pictured), will support the continuous build-up
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -1.59 per cent in December, outperforming the -1.93 per cent monthly 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.
“Fourth quarter observed a sharp reversal of sentiment following the market’s concerns of a less accommodative monetary policy and strained trade relations abroad,” says
