DEXIA INDEX ARBITRAGE PDF

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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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. Register free for aribtrage breaking news email alerts with analysis and cutting edge commentary from our award winning team. 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.

Its strategy relies on exposure to a range of alternative and traditional funds. 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

If the European situation worsens, the ECB could cut its base rates and deploy unconventional measures to support the markets. 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. 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 15 years now.

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They are granted a variable remuneration linked to the performance of the underlying funds via performance fees.

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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. It generated a total return of 3.

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To change your settings please see our policy. Alternative managers must ensure that, even during periods of stress, they are able to provide liquidity, and that requires special expertise.

We use cookies to give you the best experience on our website. You can continue to use the website and we’ll assume that you are happy to receive cookies. Launched in Septemberthe fund has sought to exploit the inefficiencies generated by readjustment in equity indexes and has been managed by Emmanuel Terraz since its inception.

We have also put a special focus on tail-risk management with, for example, options and volatility products, to hedge extreme drops. The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries.

arnitrage We are also receiving many applications from London. 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 There is minor additional impact in terms of diversification and leverage.

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.

We use cookies to improve your experience. Daniel Ivascyn Five giant funds with dexai biggest net outflows in H1.

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. At company level, Dexia Asset Management S. Over the past three years it has achieved 3. If you would like to, you can find out more about cookies and managing them at any time here. Clearly yes, many smart and experienced people are looking for jobs. Murata Five giant funds with the biggest net outflows in H1.

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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: 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.

The main cost is liquidity. Richard Titherington Why regional approaches are the future of passives. Event driven strategies which are sustained by the positive trends on risky assets are also among the successful strategies of 1Q 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.

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. In Europe, there are persistent peripheral sovereign debt fears, particularly in Spain.

Dexia Asset 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 in order to stave off collapse. Register for email alerts.