Thu, Dec 8, 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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest