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Three key characteristics are essential for firms seeking success in the hedge fund industry – investing in people, sound business infrastructure and a focus on relationships with their investors, according to a survey of senior individuals in the hedge fund industry.
The poll, carried out by EY and the Alternative Investment Management Association (AIMA), aimed to identify common characteristics of successful hedge fund managers over time, strategy and geography, and reveals the thoughts of 40 highly experienced, senior individuals at hedge fund management firms in the US, the UK and Asia-Pacific.
The collective assets under management of the firms
Drawing on data compiled for the 2017 Preqin Global Hedge Fund Report, Preqin has created league tables of hedge funds that have most consistently delivered strong, stable performance.
Preqin says the intention is not to endorse these funds, but rather to illustrate those that have performed the most consistently over the period January 2012 to December 2016.
Seven strategies are represented: equity strategies, macro strategies, event driven strategies, credit strategies, relative value strategies, multi-strategies and CTAs.
These funds were determined as most consistent using a percentile rank methodology across four metrics (annualised return, annualised volatility, Sharpe ratio and
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The European Energy Exchange (EEX) and the European EPEX SPOT power exchange have met with representatives of the EU Commission and the Federal Ministry for Economic Affairs at the “E-world energy & water” trade fair to discuss the legislative proposals of the so-called “Winter package” (Clean energy for all Europeans) of the EU Commission.
This is a package consisting of eight directives and regulations intended to safeguard the competitiveness of the European energy market in view of global changes.
The Energy Union aimed at in this framework paves the way for the European power market design of the future.
ADVFN has launched a Brexit Follow Feed which delivers information on stocks, indices and currency pairs directly affected by the UK’s decision to leave the EU.
The free service gives investors the big picture on key events for stocks and other markets that have been identified as Brexit correlated.
Stock sectors include banks, airlines, estate agents and house builders. Barclays (LSE:BARC), EasyJet (LSE:EZJ), Foxtons (LSE:FOXT) and Taylor Wimpey (LSE:TW.) are examples of some of the companies featured.
The Brexit Follow Feed page also includes the currency pairs of GBP/USD, GBP/EUR, GBP/JPY and GBP/RUB, and leading global indices.
Lyxor Asset Management has teamed up with Sandler Capital Management to launch the Lyxor/Sandler US Equity Fund, a US-focused long/short equity strategy, allowing investors to gain exposure to US equities amid an improving outlook for the US economy, while mitigating the impact of volatile market conditions on their portfolio.
The fund focuses on investing across a broad range of US industries and adopts a dynamic long/short approach to identify growing businesses (long positions) and challenged businesses (short positions), ensuring an active management of the US equity market exposure. Risks are managed through diversification, close attention to macro factors and the
Global macro and CTA managers experienced negative returns in January due to long USD positions, especially versus the Euro, according to Lyxor’s latest weekly hedge fund brief.
Meanwhile, fixed income arbitrage, L/S credit, and event-driven managers outperformed both last week and in January overall.
Fixed income arbitrage and L/S Credit funds have been supported lately by both alpha and beta components. The rise in bond yields has created arbitrage opportunities such as the deviation between cash and futures bond prices (the so-called basis). Beta conditions were also supportive as high yield spreads tightened in January. A simple quantitative exercise
Man GLG, the discretionary investment management business of Man Group, has launched the Man GLG Innovation Equity Alternative, a global long-short fund managed by Priya Kodeeswaran.
Available in UCITS format, the fund focuses on opportunities in companies or sectors undergoing change or innovation.
The USD450 million fund seeks out companies within sectors that are particularly susceptible to change and innovation, primarily within the consumer discretionary, technology, telecoms and industrials sectors. Companies in these sectors can be fundamentally mispriced as market consensus can lag the actual or potential effects of disruption, while lower sector correlations allow the manager to build
Hong Kong’s Value Partners Group is supporting business expansion beyond Asia by automating its front-and middle-office activities with the Charles River Investment Management Solution (Charles River IMS).
A client since 2015, Value Partners recently went live on Charles River’s Post-Trade solution across its equities, fixed income, FX and derivatives operations. The firm now has a single investment management platform with centralised confirmation, trade matching and settlement instruction capabilities.
“The implementation of Charles River has significantly increased our ability to monitor and control trading activity,” says Tim Bruce, managing director of information technology, Value Partners. “We are well positioned to
KKR and Pacific Alternative Asset Management Company (PAAMCO) are teaming up to create a new liquid alternatives investment firm by combining PAAMCO and KKR Prisma.
Under the terms of the agreement, the entire businesses of both PAAMCO and KKR Prisma will be contributed to a newly formed company that will operate independently from KKR, and KKR will retain a 39.9 per cent stake as a long-term strategic partner.
This transaction will create one of the largest firms in the liquid alternatives industry, with over USD30 billion of assets under management or advisement and the ability to fulfil a
