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The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.10 per cent in November, outperforming the -0.62 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.
“Markets experienced mixed performance in November as equities rebounded and credit markets generally declined,” says Jason Schwarz (pictured), President of Wilshire Funds Management and Wilshire
IHS Markit has expanded its alternative data offering for asset managers with the launch of new stock selection and strategy signals covering the automotive sector.
Covering more than 30 auto manufacturers worldwide and providing more than 10 years of historical data, the 32 new factors are designed to assist in the prediction of stock returns using analytics derived from company-specific datapoints on sales, production and market share. They include multiple financial factors for revenue and sales as well as novel factors covering production of electric vehicles and plant utilisation.
Analysis by the Research Signals service at IHS Markit finds positive alpha
MDX Technology’s Project IOWA, a market data business driven ecosystem, has formed a strategic partnership with FactEntry, an independent provider of bond data and documents which supports the needs of fixed income and credit professionals.
MDX Technology is recognised as the industry standard in providing data capture & contribution solutions direct to end user consumers, Project IOWA brings these two worlds together. The FactEntry partnership is the first in a number of specialist data content collaborations the Project IOWA team will be announcing throughout 2019.
Project IOWA is underpinned by MDX’s market leading technology and provides a single and
Deutsche Bank has published its biennial Alternative UCITS Survey, with its findings suggesting that the alternative UCITS market is set for further growth.
Over half of the responding alternative UCITS allocators are planning to increase their allocation through September 2019. Deutsche Bank estimates that these investors collectively will invest USD13.7 billion in new capital to alternative UCITS, having already invested USD9.5 billion in the first three quarters of 2018.
Hedgeweek Special report: Alternative UCITS December 2018
The Alternative UCITS survey, which complements the annual Deutsche Bank Alternative Investment Survey, was completed by 154 global hedge fund allocators with 114 of
RSRCHXchange, the research marketplace and aggregator, has launched its Partner Provider Programme including the first intake of sell side firms.
The new Partner Provider Programme represents those firms who opt into the RSRCHX marketplace to sell their research services, including subscriptions, individual reports or time with analysts.
The launch of the Partner Provider Programme is a result of a substantial uptake in the number of providers transitioning to a commercial relationship on RSRCHX. Today more than 325 firms offer their research services for sale on RSRCHX. The Programme includes greater transparency for Partner firms and additional marketing efforts and communication
Seven2one Informationssysteme (Seven2one) is to assume the technical operation of The European Energy Exchange’s (EEX) Transparency Platform during the first quarter of 2019.
Seven2one has so far been in charge of software development.
EEX will continue to be the contractual partner for the reporting companies and market participants. Likewise, the service and contacts at EEX will remain unchanged.
“Having software development and technical operation as a one-stop shop solution enables us to speed up the implementation of new requirements resulting from regulatory changes,” says
Dr Christoph Schlenzig, Managing Director of Seven2one.
Dr Tobias Paulun (pictured), EEX Chief Strategy Officer, says:
For UK fund managers, distribution in a post-Brexit environment is very topical. It is one of the single biggest challenges that UK managers are grappling with, as well as managers based around the world who wish to do business in Europe.
ML Capital, an independent European regulated fund structurer that is best known for its MontLake UCITS and MontLake QIAIF platforms, is cognisant of this and is focusing its efforts on delivering the right level of support to managers who use its platform and management company services.
“We provide platform hosting plus distribution services,” says Richard Day, COO at ML
Lyxor Asset Management is one of Europe’s leading asset managers and has been expertly selecting hedge fund strategies since 1998. Lyxor has enjoyed great success since it started launching UCITS funds on its dedicated Alternative UCITS platform at the beginning of 2013.
Over that period, the platform has grown at an average rate of 30 per cent. More specifically, since January 2018, it has enjoyed 49 per cent growth. Total
AUM stands at USD4.1 billion (as of September 2018) and the platform features 13 UCITS funds, nine of which are external managers including the likes of TIG Advisors, Chenavari, Metori,
Alternative UCITS funds experienced a 16 per cent growth in AUM in 2017, with total assets exceeding USD522 billion according to LuxHedge, an alternative UCITS index provider. Over that period, a record 248 new funds launched and the sense was that investor sentiment remained upbeat.
However, if one assesses 2018, there are indications that this level of growth will be difficult to replicate with one data source, Kepler Partners, suggesting that industry AUM has only increased by 1 per cent from Q317 to Q318 (quite a contrast to the 20+ per cent annualised growth rate witnessed over the last nine
The days of managers setting up new long-only large-cap US equity UCITS are largely gone, according to Philip Lovegrove, partner in law firm Matheson’s Asset Management Department. “Products are getting more complex and one of the manifestations of this is that for a number of years now, we have been seeing a lot of strategies and instruments that have traditionally belonged in the hedge fund world being brought into the UCITS world,” says Lovegrove.
This assumes the strategy fits the regime, however. Indeed, sometimes the biggest constraint on UCITS can be the ‘eligible assets’ rules. These rules forbid UCITS from
