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The Lyxor Hedge Fund Index was up 2 per cent last week amid a strong economic pulse worldwide, according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.
Global Macro managers outperformed thanks to their portfolios’ allocations to equities and FX. Their constructive views on EU and Japanese stocks fostered their returns, while short EUR & GBP and long MXN and RUB added to their profits.
CTAs delivered similar returns, boosted by trends in equities and energy. On the negative side, their long EURUSD shaved off part of gains.
L/S Equity funds performed thanks to their
Offering a unique combination of hedge fund like returns in a liquid and regulated form, Alternative UCITS funds continued to increase their popularity with investors in 2017. Total Assets under Management for the industry grew 16 per cent EUR450 billion.
That’s according to the latest Market Overview from LuxHedge which reveals that asset growth was nicely distributed across the different strategies with Equity Hedge Funds attracting 14 per cent and Fixed Income Relative Value funds gaining 17 per cent in assets. The largest asset growth was realised by Global Macro and CTA funds which both advanced 25 per cent in
Conyers Dill & Pearman has launched an innovative Funds eTool – the first of its kind for offshore investment funds.
Ocorian – an independent provider of corporate, alternative investment and private client services – has completed the acquisition of MAS International (MAS), a Luxembourg and Mauritius based provider of fund administration and corporate services.
The acquisition represents a significant milestone in the development of Ocorian’s growing international portfolio of financial services, increasing its presence in Luxembourg to over 80 in-country experts, extending its capability in both regulated and unregulated funds and alternative investments, including AIFMD depositary services and providing a full range of corporate and domiciliation services, including director services and office rental facilities.
Established in 2003, MAS brings
Technology is tearing down the walls to options strategies previously available only to the largest investors, and is helping more investors guard against market risk and take advantage of market opportunities.
That’s according to data released by the Options Clearing Corporation, which reveals that total US exchange-listed options volume topped 4.3 billion contracts in 2017, the third highest on record and up 4 per cent from 2016, according to
“Today’s renewed options market growth reflects a new generation of educated, client-focused financial advisors working with their clients to apply appropriate options strategies across portfolios,” says Eric Metz (pictured), CFA,
Saxo Bank, an online multi-asset trading and investment specialist, has appointed Damian Bunce (pictured), as Chief Client Officer (CCO), effective 19 February 2018. Bunce joins Saxo’s executive team and will report directly to Kim Fournais, CEO and Founder.
In his role, Bunce will assume overall responsibility for the origination, retention and growth of Saxo Bank’s direct and wholesale business and drive growth through its network of worldwide offices.
Bunce joins Saxo with over 25 years of experience in the financial services industry with particular expertise in electronic trading across asset classes gained through his work with a number of global banks in London, New York, Tokyo
The Lyxor Hedge Fund Index was up slightly (+0.3 per cent) in December, with four out of eight Lyxor indices recording positive results.
CTAs finished on strong gains due to high diversification within portfolios. Long allocations to energy, DM equities and their stance on USD (short JPY, long EM FX) provided them with tailwinds.
L/S Equity Neutral managers lagged due to sector rotation and their sensitivity to momentum stocks.
Long materials and energy positions boosted the L/S Equity Variable bias funds in December.
Merger Arbitrage outperformed their peers, fuelled by tightening of M&A deal spreads including Time
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2017 measured 0.84 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.35 per cent in January.
“SS&C GlobeOp’s Capital Movement Index for January 2018 showed net flows of -1.35 per cent, which should be viewed as a very strong result considering January typically produces significant net outflows for hedge funds,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, on a year-over-year basis, the -1.35 per cent for January 2018 represents a sharp improvement from the -3.30 per cent reported
Societe Generale Prime Services has launched a new SG Multi Alternative Risk Premia Index, a performance benchmark for alternative risk premia managers who employ investment programs diversified across multiple asset classes and multiple risk premia factors.
The new Multi Alternative Risk Premia Index is the fifth daily index designed and calculated by Societe Generale. The Prime Services daily indices are an industry leading suite of performance benchmarks, based on the largest, most representative programs in their respective strategies. The indices calculate the daily rate of return for an equally weighted group of managers that are open to new investment and
SS&C Technologies Holdings is to acquire DST Systems, a provider of proprietary technology-based information processing and servicing solutions.
Under the terms of the agreement, SS&C will purchase DST in an all-cash transaction for USD84 per share plus assumption of debt, equating to an enterprise value of approximately USD5.4 billion.
DST is a global provider of specialised technology, strategic advisory and business operations outsourcing to the financial services and healthcare industries. DST provides solutions through a unique blend of industry knowledge and experience, technological expertise and service excellence to clients across asset management, brokerage, retirement and healthcare. Headquartered in Kansas
