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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It generated a total return of 3. The main impact is on liquidity, and the liquidity of some strategies depends on how liquid the underlying assets are, and how well calibrated their strategies are. In the current context, we remain flexible and extremely vigilant in our investment approach, as there is still a long way to go. If you would like to, you can find out more about cookies and managing them at any time here.
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. 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. 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 It has been tough to collect in continental Europe as inflows have been more active in Germany.
In Europe, there are persistent peripheral sovereign debt fears, particularly in Spain. Delivering positive returns which are uncorrelated from the markets amid a succession of crises with almost zero visibility is a real challenge facing alternative investment fund managers. 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.
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. Murata Five giant funds with the biggest net outflows in H1. Private equity firms, bankers and analysts will therefore be keeping a close eye on developments at Dexia with a view to buying up the asset management firm, should the bank opt for a sell-off.
Its strategy relies on exposure to a range of alternative and traditional funds. Event driven strategies which are sustained by the positive trends on risky assets are also among the successful strategies of 1Q The 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 this exercise. 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.
Alternative managers must ensure that, even during periods of stress, they are able to provide liquidity, and that requires special expertise. There was an error sending your email. Like all other forms of risk, liquidity risk must naturally be remunerated with additional returns over the medium term.
The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries. If the European situation worsens, the ECB could cut its base rates and deploy unconventional measures inded support the markets. 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.
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Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Dexia Asset Management, along with Turkish retail bank Denzibank, are viewed as two insex the more healthy segments of the under-pressure bank, but there is potential both could be sold in order to stave off collapse.
Hedge fund interview with Dexia Asset Management
Funds exposed to non-European assets are more attractive due to the European sovereign crisis. Richard Titherington Why regional approaches are the future of passives. We have profited from the opportunities which have arisen while being very flexible and reactive in our investment rate. We have also put a special focus on tail-risk management with, for example, options and volatility products, to hedge extreme drops. There is wrbitrage change for us as an above-threshold deferred bonus was already in place before the new regulations were applied.
In general, we remained rather cautious in our investments, especially in Europe.
Furthermore, the implementation of a growth pact is looking increasingly likely, with the EIB as the European body which would issue infrastructure loans. We have not been impacted by the regulation as we are used to managing funds qrbitrage a regulated environment with high transparency for more than 15 years now. You can continue to use the website and we’ll assume that you are happy to receive cookies. Over the past three years it has achieved 3. 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 good health of issuers.
We are also receiving many applications from London.