Fri, Sep 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Sciens Managed Account Platform adds new managers and sees 35% annual asset growth

Wednesday, August 28, 2013
Opalesque Industry Update - Sciens Alternative Investments, part of the Sciens Capital Management Group and provider of single- and multi-strategy funds of hedge funds and managed account services, today announced the continued growth of the Sciens Managed Account Platform with assets on the Platform increasing by circa 35% year-on-year to end June 2013 and the addition of several new trading advisors, including US-based Revolution Capital Management LLC and Japan’s Stats Investment Management Company Limited. Both trading advisors are replicating their existing benchmark strategies in cells recently launched on the Sciens Managed Account Platform. The number of institutional users on the Sciens MAP has also increased by over 200% in the corresponding period.

Revolution Capital Management has launched a cell that replicates its Alpha programme which follows a commodity trading advisor (CTA) strategy that develops quantitative systematic trading systems that seeks to have low correlations to existing managed futures offerings. It aims to provide a complementary solution to other CTAs by developing programmes with low correlations to those that follow trend-exploiting strategies. The Alpha programme is designed to be diversified with short- and medium-term pattern recognition and targets 12% annual volatility based on daily returns. The benchmark Alpha programme (which the Sciens MAP cell seeks to replicate) has achieved annualised returns of 11.1% since its inception in June 2007.

The Ginga Service Sector Fund, managed by Stats Investment Management Company, is also replicated in a cell on the Sciens MAP. The benchmark fund is a Japanese Equity Long/Short fund which focuses on the high-tech (software service, Internet, media telecom) and service sectors (business and consumer services). The manager seeks to take advantage of the low analyst coverage for the service sector, the sector’s dynamic business environment and the frequent valuation gaps as sources of substantial alpha. The investment team uses its sector knowledge to generate alpha from focused, long-term bottom-up research activity. The manager aims to use a highly diversified approach in a wide variety of subsectors and a large number of stocks to guard against market volatility. Since the benchmark fund’s inception in June 2006, it has a cumulative gross return of 171%.

Dr Stavros Siokos, CEO of Sciens Alternative Investments said, “We are pleased to welcome Revolution Capital Management and Stats Investment Management to the Sciens Managed Account Platform. We continue to actively seek opportunities to offer our investors unique access to a wide range of top performing strategies combined with the corporate governance afforded by our platform.

“In line with the increasing focus on governance, institutional investors continue to seek in-depth information when making investment decisions regarding their hedge fund portfolios. Managed account platforms provide greater transparency along with the security and control they require. We have seen growing interest in our platform since the launch of S.M.A.R.T., our interactive risk analytics and portfolio construction engine that enables investors to evaluate their hedge fund portfolios and aggregated fund exposures,” continued Dr Siokos.

Sciens MAP furnishes client users with in depth access to its proprietary integrated, risk analytics technology, made available to investors via S.M.A.R.T. Sciens’ interactive look through application allows investors to perform in-depth analysis of their exposures at both the single strategy and the aggregated portfolio level. Data feeds are based upon T+2 reporting on a ‘by position’ basis.

“Expanding our managed account platform has been a top priority for Sciens, and we finished the first half of 2013 on a high, having grown the platform’s assets by over 35% to the end of June 2013. Sciens has also increased the number of managers on the platform having added eight new strategies in the first six months of this year and with another six pending approval,” added Dr Siokos.

Press release

bc

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big