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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Strategy Agricultural land rush of investment funds!
After launching products indexed to changes in prices of agricultural products, many banks and investment funds are turning now to the land acquisition...
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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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News Top 20 largest hedge funds
According to Bloomberg, the $69 billion Man Group tops the list of the largest hedge funds, an industry that is selectively recovering.
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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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Interview Lionel Semonin: «Earth Element is a commodity fund using long-short strategies! »
Ex-BNP Paribas and former head of JP Morgan’s Commodity Investor Solutions, Lionel Semonin has launched Four Elements Captial, an asset management firm with a focus on commodity markets.
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News Systematic strategies are back
For the second month in a row, CTAs outperformed hedge fund strategies in April. According to the Lyxor CTA peer group, the strategy was up +1.6% in April, which brings the year-to-date performance close to +5%.
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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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Strategy Re-weighting carry strategies
In a context where monetary conditions are more accommodative and sovereign bond yields are back to low levels, it seems appropriate to re-weight carry strategies such as EM-focused Global Macro and L/S Credit.
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Strategy Concentrated long-short investing to achieve absolute return
According to Amit Kumar and Ashish Kochar, US Equity Portfolio Manager at Columbia Threadneedle Investment, investor caution on market outlook places increased focus on generating alpha. Long-short equity portfolios have the potential to generate greater alpha as individual (...)
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Pedagogy Using Risk Premia for a true diversified portfolio
For investors seeking meaningful diversification of their portfolios, alternative beta strategies (sometimes called liquid risk premia) have low or no market beta and, if executed correctly, have low correlations to the major asset (...)
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Opinion Quantitative management: the THEAM way
At THEAM, a subsidiary of the BNP Paribas Group, our development strategy involves promoting the added value that quantitative techniques can bring to the field of asset management.
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Strategy How are hedge funds positioning after the market correction?
L/S Equity managers have decently navigated these markets, generating small positive alpha (especially on their short positions) but their implicit stance is diverging across regions. U.S. managers detracted only marginal alpha. They maintained their modest overall exposures (...)
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Innovation Neuberger Berman launches long-short equity fund for portfolio manager Steve Eisman
Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Absolute Alpha Fund, a long-short equity portfolio managed by renowned investor Steve Eisman and his (...)
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