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Can you improve your investment process in such a way that it selects the right stocks for the current environment? That’s the question addressed by a new white paper on Quantitative Stock Selection issued by Saemor Capital.
The growing importance of the macro-economy as a driver for asset returns has resulted in a testing environment for investors. Saemor Capital has navigated this environment well. The company’s Saemor Europe Alpha Fund is currently nominated for a EuroHedge award in the category of equity market neutral & quantitative strategies.
Most quantitative stock selection models are based on ‘alpha drivers’ or ‘factors’ –
The Credit Suisse LAB Index was down 0.39% in November according to Dr Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished down 0.39% in November. Despite the decline, three of the five sectors posted positive performance. Merger Arbitrage was the best performer, finishing up 0.36%, and is currently the highest performing sector year-to-date, up 3.95%. Meanwhile, Event Driven was the lowest performing strategy, down 1.57% for the month."
ConvergEx Group has changed the name of NorthPoint Trading Partners to ConvergEx Prime Services, effective 30 November.
“Since joining ConvergEx in 2009, our organisation has expanded and changed in tremendous ways. The synergies that have been created have made us truly unique in the prime services industry and allowed us to offer our customers differentiated services and powerful technologies that, previously, could only be accessed by the largest institutions,” says Douglas M Nelson, chief executive officer of ConvergEx Prime Services. “Our new name is a great expression of our company today.”
“This name change was a logical step in
FIX Protocol Limited (FPL), has appointed Justin Stephan, Director of Trading Applications at Wellington Management Company, as the new Co-Chair of the FPL Global Steering Committee, the group responsible for driving FPL’s strategy worldwide. Greg Wood meanwhile, Vice President of Advanced Execution Services, Credit Suisse, has joined other senior market participants as a FPL Director. FPL’s Directors provide fiscal and legal oversight, and guide the organisation to ensure it continues to achieve on-going financial stability.
FPL is an industry-driven organisation focused on supporting the evolving business needs of the trading community to help firms optimise efficiencies and reduce costs.
HSBC Global Asset Management this week launched the latest in its range of Global Investment Funds – HSBC GIF Frontier Markets Fund.
Deutsche Bank has teamed up with Omega Advisors to launch a new fund in December on its dbalternatives UCITS platform (which also supports managed accounts an
Natixis Global Associates, the fund distribution arm of Natixis Global Asset Management, this week announced the launch of the Harris Associates Concentrated US Value Fund.
Wells Fargo & Company has completed its previously announced acquisition of LaCrosse Global Fund Services (LaCrosse), an independently managed hedge fund administration and middle-office service provider, from Cargill.
This acquisition provides Wells Fargo’s Corporate Trust Services division with a complete service offering to the hedge fund and alternative investments markets. LaCrosse’s robust platform and technology offers traditional fund administration services as well as operational support, derivatives processing, bank debt processing and cash/collateral management.
Wells Fargo will maintain the LaCrosse name as well as its global footprint with operating centers and offices in New York, Minneapolis, London, Dublin, Singapore and
Commodities and clearing activity rose in November from a year earlier while securities trading fell, according to the Singapore Exchange (SGX).
Securities turnover fell 37% year on year to SGD25.4 billion as global uncertainties lingered. Securities daily average value was SGD1.2 billion, down 40% from a year earlier.
ETF turnover fell 52% to SGD532 million but structured warrants trading rose 57% to SGD931 million.
Total derivatives volume increased 7% year on year to 5.8 million contracts; derivatives daily average volume was 281,038 contracts, up 6%.
MSCI Taiwan Index Futures volume was 33% higher from a year earlier at 1.6 million
As part of an initiative to combat hedge fund fraud by identifying abnormal investment performance, the Securities and Exchange Commission has announced enforcement actions against three separate advisory firms and six individuals for various misconduct including improper use of fund assets, fraudulent valuations, and misrepresenting fund returns.
The parties in question are: Michael Balboa and Gilles De Charsonville; ThinkStrategy Capital Management and Chetan Kapur; Patrick Rooney and Solaris Management; and LeadDog Capital Markets, Chris Messalas and Joseph LaRocco.
Under the initiative — the Aberrational Performance Inquiry — the SEC Enforcement Division’s Asset Management Unit uses proprietary risk analytics to evaluate
