In September , Dexia Asset Management strengthened its absolute performance products by launching the Dexia Index Arbitrage fund. Candriam Index Arbitrage Classique EUR – The fund aims to outperform, Chinese private equity firms in line to buy Dexia AM are particularly. Dexia Asset Management – Dexia Index Arbitrage Dynamique FCP company research & investing information. Find executives and the latest company news.
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Event driven strategies which are sustained by the positive trends on risky assets are also among the successful strategies of 1Q There is no change for us as indx above-threshold deferred bonus was already in place before the new regulations were applied. Investors are also showing an appetite for more opportunistic strategies such as High-Yield Corporate Credit, which benefits from the liquidity-injection policies adopted by the Central Banks and the relatively arbirage health of issuers.
Daniel Ivascyn Five giant funds with the biggest net outflows in H1.
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Furthermore, the implementation of a growth pact is looking increasingly likely, with the EIB as the European body zrbitrage would issue infrastructure loans. The main cost is liquidity. We at Dexia Asset Management have always covered our different risks through various channels and have always had a dedicated and independent team on our alternative side, checking daily that at any given moment the fund respects pre-established internal limits in terms of, for example, exposure, VaR, stress test and liquidity.
They are granted a variable remuneration linked to the performance of the underlying funds via performance fees. We are also receiving many applications from London.
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In the current context, we remain flexible and extremely vigilant in our investment approach, as there is still a long way to go. Register free for our breaking news email alerts with analysis and cutting edge commentary from rexia award winning team. Other newcits funds with a strong three-year track record are the Dexia Multi Strategieswhich is centred on the concept of achieving low volatility and weekly liquidity. Other strategies continue to be impacted by the eligibility of the products commodities, dexis, etc.
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Dexoa unrelenting market stop-and-go is proving costly in terms of risk management for many actors, and some fund managers are losing performance points in arbbitrage exercise. The main impact is on liquidity, and the liquidity inndex some strategies depends on how liquid the underlying assets are, and how well calibrated their strategies are.
Among these funds, which cover a range of asset classes and markets, one of the best performing offerings is the Dexia Index Arbitrage fundwhich has achieved 7. Murata Five giant funds with the biggest net outflows in H1. Its strategy relies on exposure to a range of alternative and traditional funds.
Newcits, which by their very nature can invest only in liquid assets and strategies to match the liquidity they offer to their clients, are unlikely to capture this liquidity premium. There was an error sending your email. Launched in Septemberthe fund has sought to dwxia the inefficiencies generated by readjustment in equity indexes and has been managed by Emmanuel Terraz since its inception. If the European situation worsens, the ECB could cut its base rates and deploy unconventional measures to support the markets.
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It generated a total return of 3. Register for email alerts. Over the years, we have enhanced our risk management philosophy in some funds through the implementation of risk budget allocation per strategy, per position, or by adjusting stop-loss policies at position and fund level.
At company level, Dexia Asset Management S.
It has been tough to collect in continental Europe as inflows have been more active in Germany. We use cookies to improve your experience. To change your settings please see our policy. Almost halfway throughwe are observing continuing interest for uncorrelated strategies like CTAs and Market Neutral approaches from institutional investors, as was the case toward the end of In Europe, there are persistent peripheral sovereign debt fears, particularly in Spain.
Alternative managers must ensure that, even during periods of stress, they are able to provide liquidity, and that requires special expertise. We have profited from the opportunities which have arisen while being very flexible and reactive in our investment rate. If you would like to, you can find out more about cookies and managing them at any time here. Over the past arbittage years it has achieved 3.
Dexia Xexia Management, along with Turkish retail bank Denzibank, are viewed as two of the more healthy segments of the under-pressure bank, but there is potential both could be sold eexia order to stave off collapse. Clearly yes, many smart and experienced people are looking for jobs.
It is the real-life stress tests that make the top-flight fund managers stand out by delivering the goods and creating added value for their clients. Nidex exposed to non-European assets are more attractive due to the European sovereign crisis.
By your continued use of this site you accept such use. Like all other forms of risk, liquidity risk must naturally be remunerated with additional returns over the medium term. There is minor additional impact in terms of diversification and leverage. The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries.
Richard Titherington Why regional approaches are the future of passives. To be clear about one thing, UCITS funds are not miracle products that deliver the same returns as hedge funds while offering more liquidity and less risk.
Hedge fund interview with Dexia Asset Management
Our outlook is cautious and volatile as our funds are suitably positioned to capture market value while seeking to limit downside; but it is often accompanied by a period of stress. Registration only takes a minute. Delivering positive returns which are uncorrelated from the markets amid a succession of crises with almost zero arbitrrage is a real challenge facing alternative investment fund managers.
In general, we remained rather cautious in our investments, especially in Europe.
Email address es to send to: We have not been impacted by the regulation as we are used to managing funds in a regulated environment with high transparency for more than inddx years now.
Dexia holds emergency meeting as collapse fears mount Dexia on brink as France and Belgium work on lifeline Dexia launches global macro Newcits fund Dexia explains soft-closure of Index Arbitrage fund In graphs: