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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Launched in Septemberthe fund has sought to exploit the inefficiencies generated by readjustment in equity indexes and has been managed by Emmanuel Terraz since its inception. Register for email alerts.

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. By your continued use of this site you accept such use.

Dexia Asset Management: what would a buyer get? – Citywire

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. There was an error sending your email. We have profited from the opportunities which have arisen while being very flexible and reactive in our investment rate. Like all other forms of risk, liquidity risk must naturally be remunerated with additional returns over the medium term. Over the years, we have enhanced our risk management philosophy in some funds through the implementation of risk budget allocation per strategy, per position, or by adjusting stop-loss policies at position and fund level.

Clearly yes, many smart and experienced people are looking for jobs. Other strategies continue to be impacted by the eligibility of the products commodities, loans, etc. The main impact is on liquidity, and the liquidity of some strategies depends on how liquid the underlying assets are, and how well calibrated their strategies are.

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Richard Titherington Why regional approaches are the future of passives. In the current context, we remain flexible and extremely vigilant idex our investment approach, as there is still a long way to go.

Hedge fund interview with Dexia Asset Management

The main cost is liquidity. 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. Among these funds, which cover a range of asset classes and markets, one of the best performing offerings is the Dexia Index Arbitrage fundwhich has achieved 7.

It has been tough to collect in continental Europe as inflows have been more active in Germany.

Private equity firms, bankers and analysts will therefore be keeping a close eye on developments at Dexia with a view to buying up the asset management firm, should the bank opt for a sell-off.

We use cookies to give you the best experience on our website. You can continue to use the website and dexai assume that you are happy to receive cookies. 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.

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 15 years now. Registration only takes a minute.

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The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries. They are granted a variable remuneration linked to the performance of the underlying funds via performance fees. At company level, Dexia Asset Management S. It is the real-life stress tests that make the top-flight fund managers stand out by delivering the goods and creating added value for their clients.

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Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Email address es to send to: 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.

We use cookies to improve your experience. Almost halfway throughwe are observing continuing interest for indxe strategies like CTAs and Market Neutral approaches from institutional investors, as was the case toward the end of 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.

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: There is minor additional impact in terms of diversification and leverage.

Newcits, which by their very nature can invest only in liquid assets and strategies to match the liquidity they offer to inddx clients, are unlikely to zrbitrage this liquidity premium. Other newcits funds with a strong three-year track record are the Dexia Multi Strategieswhich is centred sexia the concept of achieving low volatility and weekly liquidity. If the European situation worsens, the ECB could cut its base rates and deploy unconventional measures to support the markets.

In general, we remained rather cautious in our investments, especially in Europe.

We are also receiving many applications from London.

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