Monday, 28 July 2014
Last updated 3 hours ago
Jul 8 2008 | 3:52am ET
U.K.-based Eddington Capital Management in May launched the Eddington Equity Opportunities Fund, an equity-related fund of funds.
The fund focuses on equity-related strategies and typically invests in eight to 12 managers across a number of asset classes, including cash equities; exchange-traded funds; single stock derivatives; equity index derivatives and equity-linked instruments. The fund incorporates a mix of long- and short-biased exposures and is diversified across region and market cap and employs no additional leverage beyond that used by the underlying managers.
Equity Opportunities returned 2.74% in its first month of trading. Its best performers included a directional index futures strategy, which profited from long exposure during the market upswings in the second and fourth weeks of the month, and a commodity-focused equity fund, which recovered sharply from losses in March and April, according to the firm.
“The only significant loser was our Asian manager, who suffered from both stock-specific issues and also the general malaise surrounding Greater China markets in the wake of the Sichuan earthquake, inflation concerns and more general worries about over-valuation,” it said.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…