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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We have profited from the opportunities which have arisen while being very arbitragd and reactive in our investment rate. 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. At company level, Dexia Asset Management S.

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. 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 was an error sending your email.

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We have also put a special focus on tail-risk management with, for example, options and volatility products, to hedge extreme drops. There is no change for us as an above-threshold deferred bonus was already in place before the new regulations were applied. 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.

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. Other newcits funds with a strong three-year track record are the Dexia Multi Strategieswhich is centred on the concept of achieving low volatility and weekly liquidity.

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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. Event driven strategies which are sustained by the positive trends on risky assets are also among the successful strategies of 1Q Dexia Asset Management, along with Turkish retail bank Denzibank, are viewed as two of the more healthy segments of the under-pressure bank, but there is potential both could be sold in order to stave off collapse.

If the European situation worsens, the ECB could cut its base rates and deploy unconventional measures to support the markets. The main cost is liquidity. We at Dexia Asset Management have always covered our different risks wrbitrage various channels and have always had a dedicated and independent imdex 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.

To change your settings please see our policy. Murata Five giant funds with the biggest net outflows in H1. 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.

In general, we remained rather cautious in our investments, especially in Europe. 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. Registration only takes a minute.

Investors are also showing an appetite for arbirage 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. By your continued use of this site you accept such use.

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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. Like all other forms of risk, liquidity risk must naturally be remunerated with additional returns over the medium term.

Hedge fund interview with Dexia Asset Management

If you would like to, you can find out more about cookies and managing them at any time here. Newcits, which by their very nature can indwx only in liquid assets and strategies to match the liquidity they offer to their clients, are unlikely to capture this liquidity premium.

The ratings agencies are increasingly concerned by the absence of growth in Europe resulting from the austerity measures applied in most European countries. You can continue to use the website and we’ll assume that you are happy to receive cookies. Email address es to send to: They are granted a variable remuneration linked to the performance of the underlying funds via performance fees.

Funds exposed to non-European assets are more attractive due to the European sovereign crisis. Richard Titherington Why regional approaches are the future of passives.

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. 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.

There is minor additional impact in terms of diversification and leverage. Daniel Ivascyn Five giant funds with the biggest net outflows in H1. Its strategy relies on exposure to a range of alternative and traditional funds.

Over the past three years it has achieved 3.