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Alternative Investment

Highlights

January 15

News Schroders launches first luxembourg ELTIF 2.0 fund in France

The asset management company, Schroder Investment Management (Europe) S.A. launched “Schroders Capital – Private Equity ELTIF 2023”, its first Luxembourg ELTIF 2.0 Private Equity fund distributed in France and internationally.

Innovation

Amundi and Sand Grove Capital launch event driven UCITS fund

Strategy

The index revolution (finally) comes to hedge funds

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July 2013

News Hedge funds anchored in positive territory in spite of equity and bond sell-off hits

All Lyxor Indices ended the month of June in negative territory, worst index performers were the CTA Long Term (?2.64%), the Lyxor Long/Short Equity Market Neutral Index (?2.45%) and the Long/Short Equity Credit Arbitrage Index (...)

June 2013

News CalPERS Commits $50 Million to Clearlake Capital

Clearlake was previously part of CalPERS Emerging Manager Program through an investment in a fund-of-funds. The new commitment is a direct investment. The fund, Clearlake Capital Partners III, will make distressed and special situations investments in small and medium-sized (...)

May 2013

News Hedge funds continue their positive run in april

The Lyxor Hedge Fund Index was up +0.8% in April, bringing year-to-date performance to +3.2%. 12 Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Lyxor L/S Equity Market Neutral Index (+3.9%), the Lyxor CTA Long Term Index (+3.0%) and the (...)

April 2013

Note UCITS hedge funds underperform their non-UCITS rivals, shows new study

UCITS hedge funds are typically more volatile and underperform their non-UCITS hedge fund rivals, a new comprehensive comparative study by the EDHEC-Risk Institute has found...

April 2013

News Hedge funds advance in march, looking beyond Europe

The Lyxor Hedge Fund Index was up +0.62% in March, bringing year-to-date performance to +2.36%. 10 Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Lyxor Special Situations Index (+2.09%), the Lyxor L/S Equity Long Bias (+1.41%) and the (...)

March 2013

News Swiss Re’s sigma on natural catastrophes and man-made disasters in 2012 reports USD 77 billion in insured losses and economic losses of USD 186 billion

Swiss Re’s latest sigma study reveals that natural catastrophes and man-made disasters in 2012 caused economic losses of USD 186 billion with approximately 14 000 lives lost.

March 2013

News Alternatives proved resilient despite mixed signals from Washington and Rome

The Lyxor Hedge Fund Index was up +0.15% in February, bringing year-to-date performance to +1.73%. 8 Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Lyxor Fixed Income Arbitrage Index (+2.06%), the Lyxor L/S Equity Market Neutral (+1.65%) (...)

February 2013

Strategy Smart Beta strategies continue to attract assets

Institutional investors continue to diversify their investment portfolios into alternative assets, increasingly via direct funds rather than funds of funds according to global data from Towers Watson.

February 2013

News The Norwegian Government Pension Fund Global Makes First Property Investment in the US

The Norwegian Government Pension Fund Global bought 49.9 percent of five office properties in the US, its first investment in the world’s largest real estate market, through a joint venture with TIAA-CREF.

February 2013

News Alternatives already add alpha in 2013

Hedge funds have started 2013 on a high note; the Lyxor Hedge Fund Index was up +1.6% in January. Twelve Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Lyxor L/S Equity Market Neutral Index (+5.1%), the Lyxor L/S Equity Long Bias Index (...)

February 2013

Regulation ESMA rules aim to curb excessive risk taking by alternative fund managers

The European Securities and Markets Authority (ESMA) has published final Guidelines on remuneration of alternative investment fund managers (AIFMs). The rules will apply to managers of alternative investment funds (AIFs) including hedge funds, private equity funds and real (...)

January 2013

Note Alternatives only asset class that experienced material drop in management fees

Asset management fees in alternatives have fallen due to supply and demand dynamics, according to a report by Mercer. In particular, asset managers are under pressure to negotiate fees for hedge funds, direct private equity and infrastructure (...)

January 2013

News Hedge funds end year positively but fail to keep pace with the stock market in 2012

Globally, in December, the Funds of Funds strategy (+1.09%) slightly outperformed the S&P 500 index. However, over the year, none of the hedge fund strategies could keep up with the stock market.

January 2013

News Alternatives end 2012 on a high note

The Lyxor Hedge Fund Index was up +3.1% in 2012 (+1.1% in December). Twelve Lyxor Strategy Indices out of 14 ended the month in positive territory, led by the Merger Arbitrage Index (+3%) and the Long/Short Credit Arbitrage Index (+2.6%). Over the year, eleven Lyxor Strategy (...)

January 2013

News Swiss Re Capital Markets successfully transfers USD 270 million of North American earthquake risk on behalf of Zurich Insurance Group

Swiss Re Capital Markets has successfully structured and placed USD 270 million of notes issued by Lakeside Re III Ltd., covering North American earthquake risk on behalf of Zurich Insurance Group ("Zurich").

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Note Are markets becoming more unstable?

Readers of financial news may believe that ‘market corrections’, or ‘shocks’, or ‘five-sigma events’ are more common than they used to be. Winton Capital Management look at the historical data for a number of financial markets and find that there is no evidence for increasing (...)

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Regulation Regulatory prospects: 2012 and beyond

2009 was a year of intense reflection on the functioning of the financial sector. There followed an intense regulatory activity in 2010, unfortunately with few formal adoptions of regulations. 2011 marked the surge of the will to succeed with provisional schedules. Where do (...)

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Interview Xavier Morin: "In 2021, we are seeing a real resurgence of interest in our strategies that are weakly correlated to the equity market"

According to Xavier Morin, co-CIO and in charge of the Event Driven Equity division at Syquant Capital, dividend arbitrage is deployed in the 4 Helium equity funds. The aim of this strategy is to capture discounts on Future Dividendes SX5E while limiting market (...)

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People Moves Jim Simons, the « Michael Jordan » of finance retires

Jim Simons has officially announced his retirement, leaving the reins of "Medallion Fund" - without doubt one of the greatest performing management funds in history - in the hands of his two co-successors, Peter Brown and Robert (...)

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Strategy Alternative risk premia weathering Brexit storm well

Pierre-Yves Moix, co-manager of the Alternative Risk Premia strategy at GAM, comments on how the growing alternative risk premia industry has delivered strong performance in the uncertain Brexit environment – proving once again its strong diversification and market neutral (...)

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Stories Capital Fund Management: Simply the best?

Discus Fund, one of CFM flagship funds, posted 23 percent year-to-date positive returns as of october end, the best performance amongst all the global systematic funds. This is the confirmation the know-how of the French manager which has shown exceptional trackrecords for (...)

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News Institutional investor appetite is back for quant funds

The recent CTA performances encourage institutional investors to more closely monitor this type of hedge fund. Thus, according to Preqin, 52% of them wish to increase their exposure to this type of alternative strategy this year (vs 14% last (...)

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Opinion Combining différent styles for risk premia strategies

According to Ronen Israel, principal at AQR Capital Management, four investment “styles” — Value, Momentum, Carry and Defensive — have emerged as compelling sources of alternative returns, backed by economic theory and decades of data across geographies and asset (...)

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Innovation Solactive launches European Quality Market Neutral Index

Solactive is announcing the launch of the Solactive European Quality Market Neutral Index licensed to Natixis. The index is to be used as an underlying for structured products issued by Natixis.

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Strategy CTAs Rally despite dreadful momentum in Equity Markets

With investors questioning the sustainability of equity valuations in a context of rising bonds yields, a Momentum reversal in equities is taking shape. Defensive sectors, and more recently Technology stocks, faced downward pressures while Financials and Energy (...)

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Strategy Management of hedge fund portfolios during crisis periods: the contribution of systematic overlays

The implementation of systematic overlays can be considered as an alternative to short-term rebalancing of hedge fund portfolios, or as an active component of alternative allocations.

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Opinion Bond Pain trade for global macro

Gyrations in U.S. rates were highly challenging to navigate. Bond volatility surged in October as the Fed prepared to withdraw monetary accommodation and as investors struggled to assess the medium-term path of (...)

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Stories Axa Rosenberg: a $217 million bug.

The American quantitative management firm is struggling to get over a scandal that originated from an IT error and which lead 600 of its clients to lose money.

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Strategy Are L/S Equity Managers playing the European Recovery?

Economic prospects in Europe are noticeably improving. The new wave of virus infections since late fall 2020 led to tighter mobility restrictions, which delayed the European recovery. High frequency indicators suggest economic activity was down around 20% from normal over (...)

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Note Investors Increase Pressure on Hedge Funds to Lower Fees

The latest research from Preqin on hedge fund fees finds that lower recent performance, high-profile redemptions and increased concern from investors on the issue of fees have influenced many hedge fund managers to bring their management and performance charges below the 2 (...)

Focus

Interview Baptiste Buisson : « We consider increasing the size of this type of investment (Absolute Performance UCITS) in the coming quarters »

According to Baptiste Buisson, Deputy Director at Aviva France, Investing in this type of support like Alternative Risk Premia allows players like Aviva France to diversify our investments.

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