Fri, Jul 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GSB Podium Advisors launches UCITS version of successful equity statistical arbitrage strategy on Alpha UCITS platform

Tuesday, December 14, 2010
Opalesque Industry Update - GSB Podium Advisers was founded in March 2010 by New York-based Shengbei Guo who ran since early 2005 the Deutsche Bank Noetic Equity Long/Short Fund which at its peak had more than $1 billion assets under management. After a short stint at Galleon Quantitative Management as CIO, Guo decided to launch his own alternative management firm. It is probably one of the larger hedge fund launches in 2010 so far, having been seeded with $175m.

The manager has started trading in June 2010 on managed accounts and is planning to launch a Cayman based fund in Q1 2011 under the name GSB Podium Statistical Arbitrage Fund. The UCITS version is expected to launch next year in March.

The strategy is a market neutral equity long/short fund. It uses quantitative strategies based on price mean-reversion and momentum to trade across a universe of more than 4000 stocks globally. The strategy is highly liquid and diversified. The geographic focus is around: 40% US, 40% Europe and 20% Asia Pacific. The strategy has returned on average 9.20% per year for an average volatitity of 6.70% per year from January 2005 until November 2010.

London-based Alpha UCITS Ltd. has been appointed the exclusive distributor of the GSB UCITS fund to European clients. Alpha UCITS is a Luxembourg-domiciled UCITS platform currently being launched with GSB Podium as first manager signed on. The fund is subject to authorisation from the Luxembourg regulator CSSF.

Alpha UCITS Ltd. is a London based company founded in 2009 by Stephane Diederich, formerly a Partner at Brevan Howard Asset Management LLP. Alpha UCITS is a specialised structuring and distribution platform for the new UCITS funds launched by blue chip hedge fund managers.

The launch of the GSB Podium UCITS will expand the current UCITS product offering as the equity statistical arbitrage strategy is well-established in the offshore fund space but under-represented in the UCITS space.

(press release)

www.alpha-ucits.com


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.