Arbitrage

Persistent trends across asset classes continued to fuel CTA returns over the recent weeks. According to several benchmarks of performance, January is on track to see them delivering the highest monthly returns in a decade!

Seeyond was until now the quantitative investment division of Natixis Asset Management, itself an affiliate of Natixis Investment Managers. Seeyond aims to double its assets under management by 2021 and expands its global reach.

The dollar continued to depreciate against major currencies over the recent weeks, in a context where the U.S. administration has struggled to gain reform momentum in the health care and fiscal areas.

Risk assets range-traded before rallying after Yellen’s dovish testimony before Congress and amid positive economic prints in the U.S. and Eurozone. Releases in the U.S. suggested healthy activity and job growth.

Hedge funds generated alpha last week. Global Macro funds outperformed thanks to higher dollar and oil prices. Amid slightly negative global equities, L/S Equity funds succeeded in extracting excess returns, especially in Europe through relative trades.