Thu, Dec 18, 2014
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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar