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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It generated a total return of 3. There is minor additional impact in terms of diversification and leverage. 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.
It has been tough to collect in continental Europe as inflows have been more active in Germany. Funds exposed to non-European assets are more attractive due to the European sovereign crisis.
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 dexiq years now.
Over the past three years it has achieved 3. Furthermore, the implementation of a growth pact is looking increasingly likely, with the EIB as the European body which would issue infrastructure loans. Over the years, we have enhanced our risk management philosophy in some funds through the implementation of risk budget allocation deia strategy, per position, or by adjusting stop-loss policies at position and fund level.
We are also receiving many applications from London. Daniel Ivascyn Five giant funds with the biggest net outflows in H1. 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.
We have profited from the opportunities which have arisen while being very flexible and reactive in our investment rate. The main cost is liquidity. Arbiitrage is the real-life stress tests that make dxia top-flight fund managers stand out by delivering the goods and creating added value for their clients. In Europe, there are persistent peripheral sovereign debt fears, particularly in Spain. 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.
In the current context, we remain flexible and extremely vigilant in our investment approach, as there is still a long way to go. Event driven strategies which are sustained by the positive trends on risky assets are also among the successful strategies of 1Q At company level, Dexia Asset Management S. We have also put a special focus on tail-risk management with, for example, options and volatility products, to hedge extreme drops.
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Register for email alerts. 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. Private equity firms, bankers and analysts will therefore be keeping a close eye on developments at Dexia with a view to buying arbitfage the asset management firm, should the bank opt for a sell-off.
Among these funds, which cover a range of dexka classes and markets, one of the best performing offerings is the Dexia Index Arbitrage fundwhich has achieved 7. Launched in Septemberthe fund has sought arbitragf exploit the inefficiencies generated by readjustment in equity indexes and has been managed by Emmanuel Terraz since its inception. If you would like to, you can find out more about cookies eexia managing them at any time here.
Its strategy relies on arbtirage to a range of alternative and traditional funds. 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 invex to stave off collapse.
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. 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 term.
Murata Five giant funds with the biggest net outflows in H1. Email address es to send to: The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries. Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team.
In general, we remained rather cautious in our investments, especially in Europe. Other strategies continue to be impacted by the eligibility of the products commodities, loans, etc.
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To change your infex please see our policy. 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. 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. There is no change for us as an above-threshold deferred bonus was already in place before the new regulations were applied.
Dexia Asset Management: what would a buyer get? – Citywire
They are granted a variable remuneration linked to the performance of the underlying funds via performance fees. 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.
Clearly yes, many smart and experienced people are looking for jobs. Almost halfway throughwe are observing continuing interest for uncorrelated strategies like CTAs and Market Neutral approaches from institutional investors, as was the arbifrage toward the end of