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All Societe Generale CTA indices posted positive performance in January. In fact, this has been the best start to a year since 2016, with 80 per cent of the CTA index constituents in positive territory. The strong performance has been led by trend followers.
The Trend Index was up 5.85 per cent, the best month return for the index since November 2014. Short term strategies also made large gains; January was recorded as the best month ever for the Short-Term Traders Index, which was up 5.77 per cent.
Trend followers continued to ride on the upward trends in equities
Pacific Alternative Asset Management Company (PAAMCO) has launched PAAMCO Alternative Beta, the latest tool in the firm’s suite of institutional liquid alpha solutions.
PAAMCO Alternative Beta offers a portfolio of alternative risk premia diversified across strategies, asset classes and implementations. It aims to have little directionality to traditional markets at a lower cost than traditional hedge fund investments. PAAMCO views PAAMCO Alt Beta as building on the firm’s long experience in assessing systematic drivers of hedge fund returns and we believe it leverages the firm’s risk modelling capabilities.
Lisa Fridman, CFA, CQF and Philippe Jorion, PhD are Co-Heads of PAAMCO
iMeta, a supplier of Client Lifecycle and Master Data Management software, has extended its Legal Entity Data Management capability to include Roles and Relationship Manager (RRM).
iMeta RRM aims to enhance a financial firm’s ability to manage their complex third-party relationships across the enterprise. It was created as a direct response to growing user demand for complete data transparency on their clients and the differing trading/business relationships they have with them. iMeta RRM also facilitates risk and operational maintenance across the enterprise.
The new visualisation layer means all firms can now consolidate and view multiple customer relationship data sources,
LRI Group, an independent investment services company, has partnered with QC Partners to launch its VolatilityIncome fund.
QC Partners, a Frankfurt based asset management company, has launched the fund in response to the current market environment, with derivative markets signalling increasing volatility on the stock market.
The fund will generate interest payments on bonds and will principally focus on attractive returns by collecting option premiums. It seeks a long-term earnings target of 8-10 per cent per year. Through the specialisation in derivatives and volatility strategies, the company more than doubled its assets under management over the past 24 months
Quant Insight (QI), a macro analytics firm that applies innovative quantitative techniques to financial markets, has appointed Garrett Curran, former CEO of Credit Suisse UK, as the latest addition to its Advisory Board.
QI has also expanded its sales team with Dominic Bidwell and Rik Tremerie joining in QI in September and December 2017 respectively, reporting to Ernest Van Vredenburch, MD of Sales.
Launched in January 2017 following three years of technological development, Quant Insight provides quantitative analysis and actionable investment ideas to hedge funds, asset managers, pension funds and wealth managers. QI combines investment expertise with high-quality data, proprietary
Alpha Financial Markets Consulting (Alpha FMC) has appointed Ken Fry as Non-Executive Chairman, with Penny Judd and John Paton also joining the Board, as Senior Independent Non-Executive Director and Chief Financial Officer respectively.
Fry (pictured), joined the Board in May 2016 as a Non-Executive Director and will become the Independent Non-Executive Chairman from 1 April 2018. This follows the decision by Tim Trotter to step down, as disclosed in the AIM Admission Document. Fry has over 28 years’ experience in the financial services industry. Most recently he was Chief Operating Officer of Aberdeen Asset Management, and prior to 2008 he
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2018 measured 2.99 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, advanced 0.92 per cent in February.
“SS&C GlobeOp’s Capital Movement Index for February 2018 showed net flows of 0.92 per cent, an increase from the 0.51 per cent gain reported for the same period a year ago for February 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result is consistent with other recent indicators showing that 2018 is off to a strong start for the hedge fund
Asian hedge funds posted strong gains in 2017, with the HFRI China Index topping the Shanghai Composite Index by the widest margin in a calendar year since Index inception in 2008, according to the latest HFR Asian Hedge Fund Industry Report.
The HFRI China Index gained 31.1 per cent in 2017 versus 6.6 per cent for the Shanghai Composite. That strong outperformance carried over into January 2018, as the HFRI China Index vaulted 7.3 per cent, versus the +5.3 per cent return of the Shanghai Composite. By way of comparison, the HFRI Fund Weighted Composite Index, which includes hedge fund
Hedge funds have produced more consistent and steadier returns than equities or bonds over both the short term and the long term, according to new research by Preqin and the Alternative Investment Management Association (AIMA).
The organisations found that hedge funds have out-performed equities and bonds on a risk-adjusted basis over one, three, five and 10-year periods.
Risk-adjusted returns, represented by the
Futures commission merchant AMP Global Clearing (AMP) is to pay USD100,000 to settle CFTC charges that it failed to supervise the cybersecurity of customer records and information.
The charges relate to the period between 21 June, 2016 and 17 April, 2017 to supervise. As a result of this failure, a significant amount of AMP’s customers’ records and information were left unprotected for nearly ten months. In April 2017, as a result of this failure, a third party unaffiliated with AMP (Third Party) accessed AMP’s information technology network and copied approximately 97,000 files, which included customers’ records and information, including personally identifiable
