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SYZ opts for style over strategy

SYZ Asset Management, manager of the Altin-listed fund of hedge funds, believes that the management style of a hedge fund is more important this year than selecting funds based on which strategies are doing well.

SYZ believes the underlying managers’ decisions about when to take profits and when to be prudent will have a greater impact on Altin than holding a fund just because it is following a strategy that appeals to SYZ.

Results for the first half of 2011 show that Altin slightly underperformed the HFRI Fof composite index and MSCI World hedge fund index due to its defensive positioning but has significantly outperformed both indices since launch in 1996.

SYZ continues to prefer liquid and trading strategies, which have worked well for Altin this year. Concerns about sovereign debt in the Eurozone re-emerged in July followed by the raising of the US debt ceiling and subsequent downgrading of its credit rating by S&P, which left investors wondering whether a crisis similar to 2008 was likely. For SYZ, this was not the time to invest in illiquid strategies.

The firm has recently been increasing its exposure to highly liquid commodity trading advisers. This involves trading in commodity, futures and foreign currency markets and has very short or no lock-in periods.


Avelo remains top portal for quotations and transactions

Consultancy group AT8 says Avelo remains the leading quotation and transaction portal in the market both in terms of market share of quotations and electronic applications. Its survey of activity on quotation and transaction portals shows Avelo claimed 60 per cent of quote responses in the year to June 2011 compared with 56 per cent […]


Time taken for FSA to approve firms’ expansion plans continues to rise

Law firm Reynolds Porter Chamberlain has attacked the FSA’s “laborious” and “intrusive” approach to the authorisation of financial services firms’ expansion plans after the average regulatory approval period increased to 97 days. The figure, which covers the 12 months to June 30, 2011, represents a 10 per cent increase on the previous year’s average of […]

Cambridge Building Society – Special Offer Discounted Variable Rate Mortgage

Type: Discounted-rate mortgage Discounted term: Two years Discount: 1.6% Payable rate: 2.99% Minimum loan: No minimum Maximum loan:  Up to 80% of valuation subject to a maximum of £400,000 Income multiples: Based on affordability Arrangement fee: 1.25% of the original loan subject to a £1,499 minimum, £99 administration fee for remortgages Conditions: Capital repayments of […]

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.


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