Sun, Apr 19, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

After acquiring Hedge Fund Beta Business and team from Lyster Watson, Van Eck will offer Trackers

Thursday, July 19, 2012
Opalesque Industry Update - On June 29, 2012, Van Eck Associates Corporation acquired a Hedge Fund Beta business and team from Lyster Watson & Company, and will be offering a suite of strategies called Trackers.

Trackers are hedge-style "beta" strategies based on indexes developed using a patented methodology and proprietary intellectual property. Each index seeks to capture the beta of a specific hedge fund strategy, and the Trackers team focuses only on those hedge fund strategies whose returns can be statistically replicated using tradable risk factors represented by US-listed ETFs. The team believes that not all hedge fund strategies are conducive to this approach.

Originally developed in 2003, the underlying concept that forms the core of the Van Eck Trackers helps create investment strategies that provide institutional investors with high transparency, daily liquidity and low fees. The Trackers business currently includes the following indexes:

-- Long/Short Equity North America Tracker Index
-- Long/Short Equity Western Europe Tracker Index
-- Long/Short Equity Developed Asia Tracker Index
-- Long/Short Equity Emerging Markets Tracker Index
-- Long/Short Equity Global Tracker Index
-- Event-Driven Equity Tracker Index

Two Tracker strategies, with over $75 million in assets under management, are currently offered: Van Eck Long/Short Equity North America Tracker and Van Eck Long/Short Equity Emerging Markets Tracker. The team of Marc Freed, Mark Hurrell and Ben McMillan will manage the Trackers business for Van Eck Global.

"We're very excited to add the Hedge Fund Beta Team and its sophisticated methodology to our alternatives group," said Jan van Eck, Principal of Van Eck Associates Corporation. "Their innovative approach to tracking hedge fund performance is a great fit with our existing alternative strategies and is an approach we believe has applications for investors looking to build and manage a diversified alternative investment portfolio."

"The Van Eck team has over a 50 year track record as an innovator in investment management, and is building out a very attractive family of alternative investment funds," said Mark Hurrell, Director, Tracker Institutional Sales. "We look forward to the continued development of innovative strategies to meet investor needs in the increasingly important area of alternative investments."

Van Eck has over 15 years of experience in alternative investments, and offers single- and multi-strategy funds in addition to separate accounts. Van Eck also sponsors the Market Vectors family of ETFs, currently the U.S.'s fifth largest provider of ETPs and eighth largest worldwide. Market Vectors ETPs have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets.

Van Eck Associates Corporation was advised by Right Wall Capital on this transaction. Terms were not disclosed.

(press release)

About Van Eck Global
Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today the firm continues this tradition by offering innovative, actively managed investment portfolios in hard assets, emerging markets, precious metals including gold, fixed income, and other alternative asset classes.

Van Eck also offers mutual funds, insurance trust funds, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck Global's investment strategies are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments. www.vaneck.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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner