Tue, Jan 17, 2017
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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t