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In the current quarter, all Salus Alpha Funds outperformed global equity markets in what has been a difficult environment. Salus Alpha Managed Futures led the way with a gain of 4.89% in the current quarter, while the US S&P 500 Index lost 2.15%, and the German DAX30 index declined 2.95% in the same period.
The 24 month rolling alpha of Salus Alpha Managed Futures compared to the S&P500 is 5% p.a, while the 24 month rolling beta is currently 0.2. This implies that in the past 24 months, the fund had a return of approximately 5% due to active management
In one whiplash inducing week on Wall Street, markets have experienced some of the most extreme consecutive pricing swings on record, ultimately resulting in a 13.6% loss for the Dow Jones Global Index month-to-date (to 10 August). But according to results from the Dow Jones Credit Suisse Hedge Fund Index, hedge funds have more or less held their own, despite the turmoil.
"Despite challenging conditions, hedge funds appear to have so far been effective in their attempt to provide a level of capital preservation, and overall have limited losses relative to perceived riskier asset classes such as equities," says Oliver
Castlstone Management CEO Angus Murray (pictured) argues that in a highly volatile world, real assets and the N11 emerging economies will continue to outperform all other asset classes…
The European debt crisis and the raising of the US debt ceiling indicates that the Western World has not got its finances under control. These Governments need short term funding to keep unemployment under control and the only solution is to create more money. In Europe this is being used to bail out ailing economies such as Portugal, Greece and Spain and in the US to move towards QE3. The upshot of
Nordic investors’ allocations to hedge funds are expected to grow further during 2011, according to SEB’s Nordic Hedge Fund Investor Survey 2011. Some 32 % of the investors are expecting to increase their allocations to hedge funds, while most investors have not yet reached their maximum allocation limits to the asset class.
The survey also found that Nordic investors seem to appreciate the risk-reducing effect a Market Neutral fund can have on the total portfolio, and that investors seem to have the largest appetite for funds with AUM levels at USD250m-USD1bn.
According to the survey, Nordic hedge fund investors are
“BlackRock is the biggest asset manager in the region and therefore by default the biggest investor in companies so we’re there by dint of our size and influence,” comments chairman of BlackRock EMEA, James Charrington (pictured) in response to his joining the IIC Advisory Council.
The world is undergoing enormous change right now and still trying to find its feet in the wake of the financial crisis. Events this week, with stock markets tumbling and treasuries rallying as fear grips the investment community over the endless eurozone debt debacle, show that short-term optimism, artificially buoyed by QE1 and QE2, was
Castlestone has taken the decision to shutter its listed funds business which consists of four Dublin-domiciled UCITS funds following a 9 August meeting held by company directors.
London-based fund manager Rudolf Wolff, a long-standing name in the City thanks to its eponymous founder being one of the founders of the London Metal Exchange in 1877, is looking for a buye
Investec Asset Management is to launch a global defensive bond UCITS for the firm’s co-head of fixed income, John Stop
The introduction of a ban on short-selling by several European countries will increase the risk of a full-blown recession, says Andrew Shrimpton of Kinetic Partners…
The banning by France, Italy, Belgium and Spain of the short-selling of financial stocks for at least 15 days with effect from today will only reduce price volatility for a few days at best. As demonstrated in 2008, when similar bans were in place, volatility increases after a day or so because liquidity in the stocks is significantly reduced. This measure will reduce the ability for banks to raise capital and increase the risk of a
Howard Freedland has joined F500 Advisory Services as Chief Investment Officer and Head of Alternative Investments.
Freedland, who started one of the nation’s first 50 hedge funds and negotiated the USD280 million joint venture between GE Capital and ResCom in 1993, will work with F500 Advisory 500’s investment professionals to create and oversee its investment policy, including evaluating hedge funds and other alternative investments. F500 Advisory Services manages more than USD250 million with some USD38 million currently invested in hedge funds and other alternative investments. F500 Advisory is an affiliate of Finance 500 Inc, an Orange County, Calif.-based broker-dealer.
“We
