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SPONSORED FEATURE
Over the coming weeks, DMS will bring you its unique perspective on the challenges and opportunities presented to them as the European regulatory landscape shifts. The DMS Client Solutions Team tell you how they see it, on the ground, using their expertise and technical knowledge to assist clients in structuring their products with appropriate governance and compliance frameworks in place. This four part series begins with “Why Cross-Border Fund Domiciles are Transforming into Fund Management Hubs”, as Daniel Forbes explores the post-Brexit regulatory landscape and how large countries and small countries are jockeying for position to fill the void left
FUND PERFORMANCE
Oyster BM Alternativos – an alternative UCITS fund of funds launched a year ago by SYZ Capital with Spain’s Banca March, and led by hedge fund industry veteran Cédric Vuignier – has weathered 2020’s turbulence to grow its assets to EUR100 million (USD118.1 million), making gains in Japanese and convertible arbitrage-focused positions.
The fund has generated a 3.9 per cent return since its October 2019 launch, and is up 2.5 per cent year-to-date, ahead of its peer group, with roughly half of its EUR100 million inflows received this year.
Oyster BM Alternativos invests in selected equity hedge, event driven, macro and relative
US ELECTION
US long/short equity hedge funds are said to be “cautiously” positioning their portfolios on a Joe Biden victory in next week’s US presidential election.
Lyxor Asset Management strategists say that a Democrat win on 3rd November looks increasingly likely. But prospects of a sweeping ‘Blue Wave’ victory – which would strengthen “ambitious” plans on stimulus, taxes, and wages – is less clear-cut, hinging on a Democrat majority in Congress.
In recent weeks hedge funds of all strategy types have increased their exposures amid signs that September’s correction was ending – but now they are cutting back on certain risks “and
MANAGER INSIGHTS
The aim of London-based systematic managed futures hedge fund manager DG Partners is simple, says founder and chief investment officer David Gorton: “To be the best trend-follower we can be in the business.”
OIL
London-based oil-focused hedge fund Westbeck Capital’s flagship energy strategy suffered its biggest loss this year in last month’s violent market sell-off, shedding 15.2 per cent as its long oil equity positions were sent into a tailspin.
Though September’s loss was the strategy’s third monthly slide in a row, the Westbeck Energy Opportunity Fund remains up 41.7 per cent year-to-date.
The fund, which is managed by Westbeck co-founders Will Smith, CEO, and Jean-Louis Le Mee, CIO, remains upbeat on the commodity, pointing to a “constructive story” in fundamentals and data.
“As the fund hit its -15 per cent drawdown limit towards
FUND PERFORMANCE
Trend-following hedge fund strategies have launched a partial fightback in recent weeks, advancing into positive territory so far in October having suffered their worst month of the year during September’s market reversal.
