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Quad Group, consisting of Quad Capital Management, Quad Securities Holdings and Quad Advisors, has recently added several experienced futures traders to its growing team.
The new hires are:
John Curran, formerly of Caxton
Phillip Gershgorin, formerly of Hetco
Laura Hunt, formerly of Graham Capital and Goldman Sachs
Chris Kelly, former NYMEX trader
Steven Overbey, former NYMEX trader
Josh Roberts, formerly of Vermillion
Bruce Urquhart, formerly of Irving Refinery
“We are excited about the caliber of futures traders we have added,” says Peter Borish. Head Strategist at Quad Group. “Our payout structure is unparalleled which attracts experienced futures traders who
As the level of convergence continues to rise amongst traditional long-only fund management houses and hedge fund managers, the liquid alternatives space has emerged to become one of the most dominant structural developments in the funds industry.
In Europe, the alternative UCITS space continues to attract managers yet as James Jardine-Paterson, Business Development at Dalton Strategic Partnership observes, this is still very much a young industry. "There's a lot that can still develop. For example, we've launched an enhanced UCITS fund that offers the same strategy as our flagship Melchior European Absolute Return UCITS Fund but with almost double the
By Robin Sarkar, State Street – In the case of liquid alternatives, investors would be especially smart to pay heed to an age old piece of advice: buyer beware. That's because, despite their differences when compared with traditional alternative investment vehicles, liquid alternatives present higher risk factors, such as the use of leverage and illiquid securities, than do conventional mutual funds. As investors consider whether liquid alternatives make sense for their portfolios in light of their particular investment goals, they should educate themselves about, and monitor, the risks that underlie these funds.
For example, it's critical to be familiar with a
Lyxor Asset Management operates the largest commingled hedge fund managed account platform (MAP), but over the last couple of years it has made inroads to build out a similar offering in the UCITS space.
The Lyxor Alternative UCITS platform has seen its stable of funds grow to nine in total – six external single manager funds, two internal single manager funds and one internal multi-manager fund. Through May 2015, the platform had a combined AUM of EUR1.6 billion.
At the end of 2014, Capricorn Capital Partners launched the Lyxor/Capricorn GEM Strategy Fund – a global emerging markets long/short strategy. Then,
With increased volatility starting to buffer equity and bond markets, investors have taken reassurance from the fact that the FundLogic Alternatives platform may provide the fund strategies needed to navigate the uncertainty.
Since the start of June, German bund yields have climbed from 0.53 percent to 0.815 percent, reaching a YTD high of 0.99 percent on 10th June. Global equity markets have seen a sell-off and although still in a six-year bull cycle, are starting to get a little toppish.
According to Stephane Berthet (pictured), Head of the FundLogic Alternatives platform, investors realise that potentially neither their equity or fixed
The liquid alternatives space, which by definition includes alternative UCITS funds in Europe and '40 Act registered alternative mutual funds in the US, is not only attracting strong inflows. According to latest research from Preqin, the average alternative mutual fund returned 4.36 per cent in 2014. This compares to returns of 3.78 per cent for the average hedge fund.
The average alternative UCITS returned 1.45 per cent but if one considers performance at the strategy level, CTAs and equity market neutral funds held up well; according to Alix Capital, who run a series of alternative UCITS indices, their UAIX
SYZ Asset Management, the investment funds arm of Swiss banking group SYZ, offers investors two unique long/short strategies in its OYSTER UCITS-compliant fund range. The main differentiators between the two funds are summarised in the table.
Both funds are Luxembourg-domiciled, with each product providing its own diversification benefits as investors take steps to guard against expected equity market volatility on the one hand, and additional sources of returns to complement their fixed income portfolios on the other.
OYSTER market neutral
Market neutral strategies, as their name suggests, are non-directional in nature. As Joseph G. Nicholas, founder and chairman of HFR
Five years ago, UCITS funds weren't exactly a prominent blip on the radar screen at Société Générale Prime Services, but over the last two years, excluding managed accounts, they have accounted for approximately 50 per cent of all new funds onboarded by the business in Europe.
Andrew Dollery (pictured) is Director, Origination & Structuring at Société Générale Prime Services. He looks after many of its UCITS fund clients and is also actively involved in the structuring and servicing of '40 Act funds, as well as hedge funds and managed accounts.
"It is relatively easy to launch a UCITS fund. We
Preqin has appointed Edmond Ho as Chief Revenue Officer. Ho also joins Preqin's Management Team and will commence his role on 27 July 2015.
Ho brings with him a wealth of experience in information, data and analytics sales across EMEA, Asia and the Americas.
Since 2006, he has worked for Platts, a leading provider of energy, petrochemicals, metals and agricultural information, price assessments and data. Platts is part of McGraw Hill Financial.
For the past four years, Ho has held the positions of Global Head of Petrochemical and Agriculture Sales and Head of EMEA Mid-Market Sales. Prior to this, he
The TCW Group has partnered with Gargoyle Investment Advisor to offer its first alternative mutual fund, the TCW | Gargoyle Hedged Value Fund (TFHIX / TFHVX).
In conjunction with the offering of this Fund, TCW has formed TCW Alternative Funds, a new family of alternative mutual funds.
The TCW | Gargoyle Hedged Value Fund, which is advised by TCW and sub-advised by Gargoyle, seeks long-term capital appreciation with lower volatility than a stand-alone stock portfolio. The Fund aims to achieve this outcome through a combination of buying undervalued stocks and selling overpriced index call options. The Fund has a three-year
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