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As finance professionals come to grips with the fast-paced regulatory changes descending on the industry, having a robust institutional-grade solution for effective real-time portfolio and risk management is becoming paramount.
Buy-side professionals with precise knowledge of their portfolios’ behaviour can react quickly to market volatility and make well-informed decisions that generate the highest returns possible for investors. In an age where speed governs everything, being able to demonstrate ”market agility” is becoming a key differentiator in today’s financial markets.
How does a buy-side professional achieve this goal? “If you’re a trader at an investment bank all the data processing, reporting,
By James Williams – Depending on which figures you refer to, the US hedge fund market did pretty okay in 2010: not great, but steady. Morningstar’s US Equity Hedge Fund Index rose 13.4 per cent. According to Hedge Fund Research, hedgies gained 10.4 per cent. When you consider, however, that the Standard & Poor’s 500 gained 15.1 per cent, and the Dow Jones 11 per cent, just how much “alpha” did US hedge funds really capture?
One thing is certain: North America in 2010 was the most successful hedge fund region. Scan Bloomberg’s recently published “100 Top-Performing Large Hedge Funds
Molinero Capital Management has recruited a new Applied Research Group comprised of three senior researchers. The researchers were previously trading at Louis Dreyfus Commodities and represent on a combined basis about 40 years of trading experience.
Rafael Molinero says: “We always have put an emphasis on quantitative research and also truly believes to be critical of our success. This is a great opportunity for us to work with talented and like minded individuals with whom we share the same values while having complimentary knowledge. We are simply thrilled and look forward to working together.”
The Molinero Capital Management team
The number of equity mandates awarded by global professional services company Towers Watson’s (NYSE, NASDAQ: TW) clients worldwide in 2010 increased by over 30% from 2009, while the number of hedge fund mandates grew by 50% during the same period.
At the same time, the number of bond mandates fell by 30%, with US and European bonds showing the most significant fall in demand from the previous year. Private markets attracted significantly more interest from investors in 2010 than in 2009, with the number of mandates growing 73%, led by renewed interest in direct real estate and distressed debt.
“Increased selection
PerTrac has been recognised by industry publisher Hedgeweek as the “Best Risk Management Software Provider.”
Global Fund Media, parent company of Hedgeweek, polled its 60,000 readers, including more than 20,000 institutional investors, and asked them to assess the best hedge fund performers and service providers during 2010. The results of the Hedgeweek Awards 2011 were culled from over 1,000 responses, and winners were those companies that received the greatest number of votes in their category. When asked why they selected PerTrac RiskPlus, Hedgeweek readers cited its ease of use, its flexibility and the breadth of its risk analysis as key product
The Lyxor Hedge Fund Index recorded a positive performance of 1.10% in February 2011.
The top performing strategies over the month were Lyxor L/S Equity Variable Bias Index (2.30%), Lyxor Special Situations Index (1.88%), and Lyxor L/S Equity Market Neutral index (1.59%).
The ‘Lyxor Hedge Indices’ are investable, asset-weighted hedge fund indices. They are based on Lyxor’s hedge fund platform that covers all the major hedge fund strategies and benefits from a high level of transparency and risk control, while ensuring weekly liquidity
Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index continued to rally in February, posting positive performance of 1.44% for the month (based on 72% of assets in the index reporting).
In all , eight out of ten sectors posted positive performance for the month. Managed Futures hedge funds posted positive performance for the month finishing up 2.56%. Trend followers in the commodities space posted the strongest gains in the energy and precious metals sectors.
Managers in the Event Driven space posted another month of positive performance in February, up 1.59% as an increased number of opportunities in
Reviva Capital has achieved EUR1.5 billion of assets under management in less than one year of trading. These assets involve over 400 individual loan contracts, made up of both corporate loans to professional real estate investors (75%) and loans to individuals (25%).
Reviva Capital’s assets are primarily made up of non core or distressed exposures held by large European banks and financial institutions. Over EUR350 million of client loan exposures have now been taken under direct shareholder control.
Reviva Capital’s active approach to work out management has resulted in a dramatic charge in the ratio of performing to non
Long/short equity strategies look set to benefit from decreasing levels of correlation between securities, according to funds-of-hedge-fund (FOHF) managers interviewed by Standard & Poor’s Fund Services in its latest sector update.
“As correlation falls, FOHF managers are anticipating that underlying hedge fund managers will be able to generate more alpha through dispersion in industries and names,” says S&P Fund Services lead analyst, Randal Goldsmith. There was a strong recovery of long/short equity hedge fund managers in September last year, mainly due to the strength of underlying equity markets. In fact, for many of the more directional funds, it proved
Hedge fund managers have turned bearish on US equities, according to the TrimTabs/BarclayHedge Survey of Hedge Fund Managers for February. About 40% of the 89 hedge fund managers the firms surveyed in the past week are bearish on the S&P 500, up sharply from 26% in January, while only 26% are bullish, down from 37%.
“Bullish sentiment less bearish sentiment is negative for the first time since November,” says Sol Waksman, founder and President of BarclayHedge. Increased caution might owe in part to excellent recent performance. The Barclay Hedge Fund Index has posted a positive return for six straight months.”
