Friday, 26 December 2014
Last updated 1 day ago
Jan 26 2007 | 10:45am ET
Global investment manager SciVest has created an offshore version of its existing SciVest Net Short Equity Fund. The new vehicle is similar to the Canadian-based onshore fund, which was launched in July 2004, but there are a few unique features.
“The primary enhancements in the offshore fund relative to the onshore fund are first, the offshore fund has a lower target equity market beta of -0.75, versus -0.50 for the onshore fund,” says John Schmitz, who manages both vehicles.
“Second, the offshore fund has a global mandate investing in 14 of the largest developed markets, versus the North American mandate of the onshore fund, to provide investors with better alpha diversification,” he says. “Finally, the offshore fund has a higher long-term leverage factor of 4:1, versus 3:1 for the onshore fund, to provide investors with a higher absolute level of alpha.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.