The 'AlphaQ - December 2015' special report comprises 20 separate articles listed below, these can be read individually or as a sequence.
Difficult, challenging and jittery are the adjectives some of our contributors used to describe the volatile markets and corresponding returns over 2015. In the main, it was the hedge fund sector that struggled the most, with HFR’s Ken Heinz reporting that the HFRI Fund Weighted Composite Index posted a gain of +0.03 per cent through October end. Low by historical hedge funds standards, yes, but exceeding the return or yield of almost anything they could invest in, including many equity market indices, commodities and newly issued, short dated bills of the US, Germany and most financially solvent countries.
Wai Mei Leong, High Yield fund manager for Eastspring Investments, comments on the markets in China and says property remains strong.
With 20 years of experience in biotech, Paul Yook, Co-Founder of LifeSci Index Partners and the Portfolio Manager of the BioShares ETFs, (pictured) has had an interesting year in his first year of managing ETFs in the sector.
Randeep Grewal (pictured), our regular columnist, ends the year commenting on the power of networks.
Post 2008 hedge funds have increasingly outsourced their back offices to fund administrators. However, with a need to maintain control, these hedge funds are now turning to a middle office shadowing solution to be performed as the next area for outsourcing.
Marianne Scordel (pictured) of Bougeville Consulting investigates how religious communities and their members manage their assets.
Bordeaux is the wine most suitable for investment, according to The Wine Investment Fund (TWIF). The firm writes that investment managers need to look at the potential returns associated with each wine they invest in, but also at the risk associated with these investments. “When looked at in this way, the issue with wines from regions other than Bordeaux is not their quality (which may certainly be high), but their suitability for investment,” the firm says.
Preqin reports that the private real estate fundraising environment for emerging managers (defined by Preqin as first- or second-time fund managers) seems especially daunting as of late.
Smaller UK firms with big ambitions
The third Albion Growth Report finds evidence of an export-led recovery. The survey reports that one-in-three (34 per cent) UK SMEs are looking to break into new markets overseas of which 19 per cent are casting outside the EU and 15 per cent within the single market.
Frederic Samama (pictured), Deputy Global Head of Institutional and Sovereign Clients at Amundi Asset Management, writes on the benefits of a low carbon investment strategy.
Beverly Chandler interviews Luke Ellis, Man Group President, on the changes within the firm.
James Williams interviews Edmond de Rothschild Private Equity head, Johnny El Hachem (pictured).
Never fearful of asking the awkward question, AlphaQ questions its contributors and contacts from 2015 on their experiences over this quite challenging investment year.
Beverly Chandler interviews Ali Al Nasser of Duet Asset Management's MENA Horizon fund.
James Williams talks to Nadia Papagiannis (pictured) of Goldman Sachs Asset Management.
James Williams examines the current boom in M&A.
European Real Estate Capital, the newly formed European commercial real estate debt programme set-up by Brookland Partners and backed by Omni Partners, has made its debut in the European CRE lending market. Beverly Chandler talks with the principals.
BlackRock's institutional team gets real with James Williams.
Beverly Chandler talks to Dan Larkin (pictured) on the return of the condo hotel.
James Williams looks at the fundamentals behind investing in Japan.