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While hedge funds’ performance and alpha were ‘honourable’ until the summer, analysis by Lyxor suggests that they erased about 2.5 per cent of alpha since June, with no turn in sight yet in September.
Lyxor writes: “L/S Equity funds were the primary culprits and victims. In the US, managers have steadily reduced their overall net exposure and leverage since Q2. As a result, they partially missed the summer rally. The plunge in Momentum also cost in June, only partially recovering afterwards. Stock selection in the heavyweight tech, healthcare and cons. discretionary sectors didn’t help enough. In Europe, funds adequately reduced
Total Assets under Management (AUM) in Europe increased by 10 per cent in 2017 to EUR25.2 trillion, according to the 10th edition of the European Fund and Asset Management Association (EFAMA) Asset Management Report.
In relation to GDP, the value of AUM is estimated to have reached 147 per cent at the end of 2017, up from 102 per cent in 2007.
Investment funds assets managed in Europe represented EUR13.1 trillion or 52 per cent of total AUM at end 2017, with discretionary mandates accounting for the remaining EUR12 trillion or 48 per cent. Asset managers typically receive mandates
By Tom Kehoe CAIA, Global Head of Research, AIMA – We are at a very interesting inflection point in our capital markets. Ten years following the last significant global liquidity crisis which fuelled the subsequent global financial crisis of 2008, commentators are starting to talk up the next one.
After a long post crisis period where ultra-loose monetary policy supported an unprecedented USD15 trillion of quantitative easing by central banks globally which boosted asset prices and profit margins, conditions in global markets today are considerably different.
For a start, central banks are normalising interest rate policies with several central bank
Crypto investment platform CoinBundle has added Katherine Hensel (pictured), as a special adviser on the company’s advisory board.
CoinBundle say Hensel’s considerable experience across finance, investing and entrepreneurship will be invaluable to the leadership team as it grows its business to provide wider access to cryptocurrencies.
An accomplished financial industry executive and institutional investor, Hensel has held leadership positions across the investment banking/brokerage and asset management industries for more than 35 years. Hensel is a subject matter expert in financial services and financial institutions. Previously, Hensel was a managing director in equity research, led the Financial Institutions Group and
Wavelength Capital Management’s (Wavelength) Wavelength Interest Rate Neutral Fund (WAVLX) has been named as the ‘Best Liquid Alternatives’ 40 Act’ Fund at the 2018 Hedgeweek USA Awards.
This marks the second year in a row that the fund has received such recognition, having last year won the award in the Hedgeweek Global Awards.
The awards celebrate the achievements of firms that contributed to another transformative year for the alternative asset management sector. Award winners were determined by the votes of Hedgeweek’s subscriber base, which includes institutional investors, wealth managers, fund managers, and other industry professionals. Established in 2003,
Singapore Exchange (SGX) is seeking public feedback on the proposed introduction of a new trading session for the securities market, the ‘trade at close’ (TAC), which will take place after the closing auction routine ends.
During the five-minute-long TAC trading session, participants will be able to execute orders only at the closing auction price set during the closing auction routine. The TAC session will apply to the ready and unit share markets.
“The introduction of the ‘trade at close’ session will allow investors to trade at a fixed price, namely the closing price of the security, while preserving the
Investment risk plays an important role in the life of a hedge fund manager, but technology risk should not. When it comes to your firm’s technology systems and operations, you want things to run efficiently, not add more stress to your already crowded plate.
Mitigating technology risk is a critical step to ensuring your hedge fund operates smoothly and successfully. Following are a few areas to keep in mind as you evaluate your firm’s technology risk:
Layers of redundancy
One way to reduce your firm’s technology risk is to add layers of redundancy throughout your infrastructure. Whether you’re utilizing a
By Amisha Shah, EzeCastle Integration – With ‘Cybersecurity month’ approaching next month, now is the perfect time for firms to reflect on what’s often classed as a key contributing factor to cyber breaches – its employees. We hate to admit it, but human error tends to be the weakest link of any defence practices firms have in place.
The IBM X-Force Threat Intelligence Index 2017 advises that simply having the right technology is not enough to ensure protection from threats we’ve seen grow in frequency and sophistication, of late. Reputable airline, British Airways, is one of many businesses to fall victim
Societe Generale Securities Services (SGSS GmbH) in Germany has been mandated by First Private Investment Management to provide, via CrossWise, front, middle and back office services, as well as analytics and reporting.
First Private Investment Management benefits from the plug-and-play, modular CrossWise solution combining front to back solutions, created for asset managers to optimise their operating model and meet all regulatory constraints across all asset classes.
In addition, SGSS provides First Private Investment with its extended analytics and reporting services including performance measurement and risk analysis based on SGSS VIEW, its web based reporting portal.
SGSS was chosen
Ikigai Asset Management, a long/short multi-strategy crypto-asset hedge fund launched by former Point72 Portfolio Manager, Travis Kling, has added three new executive hires to its team.
Christina Martin, of Plutos Capital Group, has joined as Partner. Daniel Heller of BitLumens and Oliver Zahn of Google have joined as Advisors.
“We’ve seen significant traction with sophisticated investors on what we’re building at Ikigai and have an imminent need to continue to build out our deep bench of experts,” says Ikigai Co-Founder and CIO, Kling. “We’re thrilled to add seasoned industry veterans with diverse backgrounds to the Ikigai team.”
Joining
