Wed, Aug 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GSB Podium Advisors LLC has launched the GSB Equity Market Neutral Fund as UCITS fund on the Alpha UCITS platform

Monday, March 19, 2012
Opalesque Industry Update: GSB Podium Advisors has launched a global equity statistical arbitrage UCITS fund, the GSB Equity Market Neutral (UCITS) Fund. The strategy is a market neutral equity long/short fund and uses share price meanreversion and price momentum based trading across a universe of more than 3,000 stocks globally. The portfolio is geographically diversified, with positions in the US, Europe and Asia-Pacific markets. The UCITS fund offers daily liquidity. The GSB strategy has historically demonstrated low correlation with the equity markets, with other quantitative equity strategies and with hedge funds in general.

Mr. Shengbei Guo, founder of New-York based GSB Podium Advisors, ran Deutsche Bank’s equity statistical arbitrage trading desk from 1997 to 2005. He managed the same strategy for the Deutsche Bank Noetic Equity Long/Short Fund from 2005 to 2008. At its peak the strategy had more than $600m of assets under management. After a short stint as CIO at Galleon Quantitative Management running the Galleon Quantitative Statistical Arbitrage Fund, Guo decided to launch his own alternative investment management firm in 2010, GSB Podium Advisors.

The strategy has returned on average 8.77% per year from January 2005 until February 2012, for a standard deviation of 6.48% per year. It returned +2.47% net in 2011 and is up 5.02% YTD per the end of February. The UCITS fund will trade pari passu with the other GSB vehicles.

Mr. Guo commented: "We are very excited about the launch of the GSB Equity Market Neutral Fund, making our flagship strategy available to UCITS investors. Our fund tries to offer investors consistent returns with low correlations to equity markets and other hedge fund strategies. We believe that both trending and volatile market conditions may offer good trading opportunities for our strategy. "

Alpha UCITS

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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  4. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill

  5. …And Finally - Police contact Catholic Church after baffling ‘poltergeist’ report[more]

    From Telegraph.co.uk: Police officers in Scotland have called in representatives from the Catholic Church after investigating reports of “disturbing incidents” of a "poltergeist" at a family home. A mother and her teenage son were said to be “extremely distressed” after experiencing what the D