Opalesque Exclusive: Wilshire partners with OWLshares, BRI on new benchmarks... [more]Bailey McCann, Opalesque New York: Santa Monica, California-based Wilshire associates has partnered with two financial firms on new benchmarks that touch on key areas of investor interest. The first - OWLshares ESG-Weighted US Large Cap Index, is created and owned by New Millennium Macro and calc
Arqaam Capital launches global macro hedge fund... [more]Arqaam Capital, the specialist emerging markets investment bank, has announced it has launched a global macro multi-asset fund as part of its growth-led strategy and diversification into the alternatives space.
The Arqaam Global Macro Fund is a global macro systematic fund invested in liquid a
Long-short stock funds lose their shine... [more]From Barrons.com: Among liquid-alternative investments for retail investors, long-short equity mutual funds have performed relatively well over the past 12 months. They've returned 6.7% during that stretch, beating categories such as multicurrency (5.1%) and market neutral (about 2%), among others.
Year-on-year growth for Guernsey funds sector... [more]The total value of funds business in Guernsey grew by more than £28 billion last year.
New figures from the Guernsey Financial Services Commission (GFSC) show that the net asset value of funds under management and administration in the island grew by £6.5 billion (2.6%) during the
Greenwich Global Hedge Fund Index up +1.01% in February... [more]Hedge fund managers took advantage of February's bullish environment to extend their strong start to the year. The Greenwich Global Hedge Fund Index was up +1.01% as all but one of its constituent indices produced positive returns on the month.
The S&P 500 (+3.97%) and the MSCI World Index (+2
Hedge funds are training their computers to think like you... [more]From Bloomberg.com: Hedge funds have been trying to teach computers to think like traders for years. Now, after many false dawns, an artificial intelligence technology called deep learning that loosely mimics the neurons in our brains is holding out promise for firms. WorldQuant is using it for smal
Sophisticated investors choose hedge funds that sound big and heavy... [more]From Dealbreaker.com: Naming a hedge fund is hard. All the best geographical features and English surnames are already taken. An enterprising manager might be tempted to say hell with it and use something like the the porn name generator - first pet plus street you grew up on - to title their firm.
Institutions - Pensions Caixa 30 gains 4.2% despite hedge fund drag... [more]From IPE.com: Pensions Caixa 30, the ?5.8bn employees' pension scheme of Spain's Caixabank banking group, posted a 4.2% return for 2016. This compared with 3.1% for the previous year, beating the Spanish average return of 2.7%. It also took the scheme's average annual return for the three years to 3
North America - Public markets and hedge fund closings... [more]From Bloomberg.com: Yesterday Jay Clayton, President Trump's nominee to run the Securities and Exchange Commission, talked with the Senate about how hard it is to be a public company. From his prepared remarks:
For over 70 years, the U.S. capital markets have been the envy of the world. Ou
Europe - The five big questions Brexit poses for fund managers... [more]From FT.com: Europe's asset management industry is bracing for significant upheaval as the UK prepares for its exit from the EU. British prime minister Theresa May is this week expected to trigger Article 50, the formal notification of the UK's two-year divorce process from the economic bloc.
Commodities - Wheat market gives verdict on weekend's US rains... [more]From Agrimoney.com: The dryness-tested US winter wheat crop indeed enjoyed rain refreshment over the weekend. But how significant was it? And will there be more to refresh crops?
As ever, different commentators had differing views. MDA said that the "weekend precipitation was near expectations