Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

SYZ Asset Management launches global version of its successful quantitative, market-neutral fund

Thursday, February 22, 2018
Opalesque Industry Update - SYZ Asset Management (SYZ AM), the institutional asset management arm of the SYZ Group, has expanded its offering of quantitative solutions through the launch of OYSTER Equity Premia Global. This new offering builds on the strong success of the OYSTER Market Neutral Europe fund and will similarly seek to deliver alpha-rich returns while aiming to maintain a near zero equity beta over time. In order to support initial asset growth and reward early investors, a one-year discount of 50% on the management fees will be offered.

SYZ AM risk premia delivers returns and strong risk control
While investing in equity premia is nothing new, the approach taken by SYZ AM to 'harvest' inefficiencies in equity markets by adopting a highly liquid, long/short approach while aiming to maintain a near-zero equity market beta is a key differentiator. The Quantitative Investment Solutions team have drawn on their years of investment and academic experience to create robust equity premia, which are the key building blocks of any risk premia strategy.

Commenting on the strategy, Guido Bolliger, Portfolio Manager and Co-Head of Quantitative Investment Solutions, said: "Our solution focuses on premia present in equity markets and seeks to offer the prospect of stable, alpha-rich returns disconnected from broader market behaviour.

Benoît Vaucher, Portfolio Manager added "The fund aims to offer an alternative source of returns in an environment of low-rates and stretched valuations".

The three-member strong team, which includes Mr. Bolliger, Mr. Vaucher and Co-Head of Quantitative Investment Solutions, Mr. Claude Cornioley, achieved a net return of +5.24% for the OYSTER Market Neutral Europe, placing it among the top quartile of its peer group.

Consistent performance over market cycles
By actively and dynamically allocating among a pre-defined universe of equity premia, the SYZ AM's in-house developed strategy is designed to provide stable, alpha-rich returns over market cycles. With risk management at the core of the investment process, the fund's systematic approach supports the strategy's heavy reliance on data analysis that is used to aim to generate both performance and control risk.

Stable returns in uncertain markets
In a world where finding stable, diversified sources of returns is challenging, the SYZ AM risk premia strategy can represent a very compelling proposition. The flexibility offered by equity premia can provide investors diversification, a lower correlation to broader equity markets and the potential to generate attractive alpha, all of which can serve an important role in a portfolio, in particular during periods when equity drawdowns are significant.

Katia Coudray, CEO of SYZ Asset Management remarked, "The result of our investment in this new investment strategy, which represents an added expertise among our product range, has been quite satisfying." She added, "Our dedicated quantitative investment team is delivering performance consistent with our DNA of alpha-generation - but in this case, through a long/short, beta-neutral approach rather than long-only".

The OYSTER Equity Premia Global fund is registered in 8 European countries: Luxembourg, United Kingdom, Germany, Italy, Spain, Belgium, France, Austria, and will be later available in other European countries. In order to support initial asset growth and reward early investors, a one-year discount of 50%[3] on the management fees will be offered.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1