Wednesday, 27 August 2014
Last updated 1 hour ago
Nov 1 2007 | 12:10pm ET
State Street Global Advisors, the largest 130/30 manager in the space, just got a little bigger thanks to the BAA Pension Scheme. The $10 billion manager was awarded a £330 million (US$680 million) global equity 130/30 mandate. The assets will be invested in SSgA’s Global Alpha Edge strategy.
“Institutional investors including pension funds are showing increased interest in 130/30-type strategies because they increase the active opportunity set, enabling investors to achieve higher excess returns by relaxing the long-only constraint and allowing the manager to take limited short positions, in a risk-controlled framework,” said Kanesh Lakhani, managing director for SSgA in the U.K.
State Street launched its first 130/30 strategy focused on the Down Under equity market, the Australian Alpha Edge, in December 2004. Most recent launches include Global Alpha Select Edge and World Index Plus Edge, bringing the firm's total Edge strategies to fourteen with more expected to launch this year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...