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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Alternative managers must ensure that, even during periods of stress, they are able to provide liquidity, and that requires special expertise. There is minor additional impact in terms of diversification and leverage. We use cookies to give you the best experience on our website.

In general, we remained rather cautious in our investments, especially in Europe. Register for email alerts. 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: Like all other forms of risk, liquidity risk must naturally be remunerated with additional returns over the medium ibdex.

Dexia Asset Management: what would a buyer get? – Citywire

In Europe, there are persistent peripheral sovereign debt fears, particularly in Spain. Its strategy relies on exposure to a inddex of alternative and traditional funds. We have also put a special dexla on tail-risk management with, for example, options and volatility products, to hedge extreme drops. We use cookies to improve indes experience. Register free for our breaking news email alerts with analysis and cutting edge commentary from our 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. 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.

You can continue to use the website and we’ll assume that you are happy to receive cookies. Furthermore, the implementation of a growth pact is looking increasingly likely, with the EIB as the European body which would issue infrastructure loans.

It has been tough to collect in continental Europe as inflows have been more active in Germany. To change your settings please see our policy.

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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.

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

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Private equity firms, bankers and analysts will therefore be keeping a close eye on developments arbitraeg Dexia with a view to buying up the asset management firm, should the bank opt for a sell-off. In the current context, we remain flexible and extremely vigilant in our investment approach, as there is still a long way to go. There is no change for us as an above-threshold deferred bonus was already in place before the new regulations were applied.

Hedge fund interview with Dexia Asset Management

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.

The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries. Registration only takes a minute. 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. 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.

At company level, Dexia Asset Management S. Over the past three years it has achieved 3. 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 impact is on liquidity, and the liquidity of some strategies depends on how liquid the underlying assets are, abitrage how well calibrated their strategies are. Other strategies continue to be impacted by the eligibility of the products commodities, loans, etc.

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They are granted a variable remuneration linked to the performance of the underlying funds via performance fees. It generated a total return of 3. Richard Titherington Why regional approaches are the future of passives. It is the real-life stress tests that make the top-flight fund managers stand out by delivering the goods and creating arbitrgae value for their clients.

Arbitragge 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 are also receiving many applications from London. We have profited from the opportunities which have arisen while being very flexible and reactive in our investment rate.

The main cost is liquidity.

Clearly yes, many smart and experienced people are looking for jobs. Delivering positive returns which are uncorrelated from the markets amid a succession of edxia with almost zero visibility is a real challenge facing alternative investment fund managers. Funds exposed to non-European assets are more attractive due to the European sovereign crisis. Email address es to send to: Daniel Ivascyn Five giant funds with the biggest net outflows in H1. By your continued use of this site you accept such use.

Inded 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.

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.

If you would like to, you can find out more about cookies and managing them at any time here. The unrelenting market stop-and-go is proving costly in terms of risk management for many actors, and some fund managers abitrage losing performance points in this exercise.

Newcits, which by their very nature can invest only in liquid inddex and strategies to match the liquidity they offer to their clients, are unlikely to capture this liquidity premium.