GSB Launches Equity Market Neutral UCITS Fund

Mar 20 2012 | 8:43am ET

New York-based GSB Podium Advisors has launched a global equity statistical arbitrage UCITS fund on the U.K.’s Alpha platform.

The long/short GSB Equity Market Neutral (UCITS) Fund uses share price mean-reversion and price momentum-based trading across a universe of more than 3,000 stocks globally. The portfolio includes positions in the U.S., Europe and Asia-Pacific markets and the fund offers daily liquidity.

GSB founder Shengbei Guo ran Deutsche Bank’s equity statistical arbitrage trading desk from 1997 to 2005. He managed the same strategy for the Deutsche Bank Noetic Equity Long/Short Fund from 2005 to 2008. At its peak the strategy managed over $600 million. After a brief stint as CIO at Galleon Quantitative Management running the Galleon Quantitative Statistical Arbitrage Fund, Guo launched GSB Podium Advisors in 2010.

The strategy has returned on average 8.77% per year from January 2005 until February 2012, for a standard deviation of 6.48% per year. It returned 2.47% net in 2011 and is up 5.02% YTD as of the end of February. The UCITS fund will trade pari passu with the other GSB vehicles.

Said Guo in a statement: "We are very excited about the launch of the GSB Equity Market  Neutral Fund, making our flagship strategy available to UCITS investors. Our fund tries to offer investors consistent returns with low correlations to equity markets and other hedge fund strategies. We believe that both trending and volatile market conditions may offer good trading opportunities for our strategy." 

Alpha UCITS is a London-based UCITS platform founded in 2009 by Stephane Diederich, formerly a Partner at Brevan Howard Asset Management.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.