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The Boston Partners Global Long/Short Strategy, a diversified equity fund that seeks long-term growth of capital while minimising exposure to general equity market risk, has now been added to Goldman Sachs’ Serviced Platform SICAV (UCITS).
The Fund takes long positions in undervalued stocks and short positions in names identified as being overvalued.
The fund is managed by Senior Portfolio Manager Christopher Hart and Portfolio Manager Joshua Jones. Hart oversees all of Boston Partners’ Global Equity and International Equity products, while Jones leads the Boston Partners investment team operating from the firm’s London office.
“Boston Partners has nearly two
Alternative assets under management reached a record USD7.7 trillion in 2017, according to a new survey by BNY Mellon, and look set to increase further with over half of respondents expecting allocations to alternatives to increase in the next 12 months, up from 39 per cent in 2016.
Private equity has the highest share of institutions’ alternative asset allocations and highest levels of outperformance (36 per cent of respondents said results were better than expected). But the rising stars are real estate and private debt, whose share of allocation continues to grow.
After a period of disappointing returns, nearly
By Bob Kneip, KNEIP – For all its trillions of assets under management, the funds industry is still relatively young and immature. It remains highly fragmented and suffers from hyper-regulation. Over time, this has led to layers of inefficiency. Whilst it might be a growing industry, it is yet to consolidate: much to the disadvantage of investors.
Every time industry practitioners do something wrong – innocently or otherwise – the only way to regain control is to introduce regulation. But it needn’t be that way. Fundamentally, if people had done things the right way to begin with, and there was
One of the key roles that technology plays in global FX and OTC markets, which by their nature are highly fragmented, is the price discovery process; something that is set to become even more critical for MiFID entities in Europe when MiFID II regulation comes into effect on 3 January. Part of this complex regulation will be the need for buy-side firms to demonstrate that they are getting best execution on their trades.
“Without the application of technology, you are beholden to one or two providers, which is not efficient in helping to discover the best price in the market,”
The State Street Investor Confidence Index (ICI) for November 2017 decreased to 97.1, down 1.0 point from October’s revised reading of 98.1.
The minor decline in global sentiment was driven largely by a 12.0 point drop in the European ICI to 81.0. By contrast, the North American ICI rose by 3.7 points to 102.6 and the Asian ICI increased by 1.0 point to 97.5.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by
Hedge Invest SGR, an independent asset manager specialising in alternative investments (hedge, UCITS alternatives, real estate and private debt), has appointed Fergal Doyle as Chief Operating Officer of its UK subsidiary Principia Investment Management Limited (PIML).
Doyle has been working in the alternative funds industry for 20 years, starting in 1997 in AIB/BNY, then in GLG Partners/Man Group from 2000 to 2014, where he held several operational roles including responsibility for middle office, and was instrumental in the launch of new funds and the optimisation of IT systems. In 2015 he became COO at Pacific Asset Management, where he was
Xavier Rolet has agreed to step down as CEO of London Stock Exchange Group (LSEG) with immediate effect, at the request of the Group’s board.
The Board has asked David Warren, CFO, to assume the additional role of Interim CEO until a successor is appointed. Warren has served as CFO of LSEG for the past five years, and is an integral leader of the team that has successfully executed the Company’s strategy during this period, including strategic acquisitions. Prior to joining LSEG, Warren spent nine years as CFO of NASDAQ.
Donald Brydon has indicated that he will not stand
Cboe Europe Equities (Cboe) is using smart data specialist big xyt’s Liquidity Cockpit, which is designed to give global trading and investment firms enhanced visibility over dark and lit liquidity, and the ability to navigate and analyse European market share across a market landscape in transition.
On 3 January 2018 MiFID II regulations come into force and the major impacts on European market structure will include the imposition of caps on the amount of trading that can take place on dark venues. The market has already started to adapt to these changes as exchanges like Cboe introduce new trading services,
Pricing volatility in currency and energy markets has created a challenging performance environment for CTAs in 2017 so far, according to data released by Preqin.
As at the end of September, the Preqin All-Strategies CTA benchmark has recorded year-to-date losses of 0.04 per cent, compared to gains of 8.04 per cent for the All-Strategies Hedge Fund benchmark. Trend followers, which represent the largest group of CTAs, have lost 1.62 per cent YTD .
In contrast, option writing CTAs, which represent one in 10 active funds, have gained 7.63 per cent through the year so far. Similarly, systematic CTAs have
Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), and their companies, United Business Servicing, LLC and United Business Servicing, Inc. (collectively United Business) are to pay USD4.9 million to settle CFTC charges regarding a the fraudulent sale of futures trading strategies and systems.
A Consent Order, entered by Judge John A. Kronstadt, US District Judge for the Central District of California, on 22 November, 2017, requires Dufresne, Renkow, and United Business jointly and severally, to pay restitution to defrauded investors totalling USD3,941,157 plus a USD1 million civil monetary penalty.
In addition to the monetary sanctions, the
