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Liquid Alternatives

Liquid Alternative investments have emerged over the past decade as one of the fastest-growing areas within asset management. As pensions, endowments, foundations and other institutional investors have long benefited from Alternative Investments within their portfolios, Liquid Alternatives enable investors to have access to alternative investment strategies in fund structures that provide daily liquidity, full transparency, low investment minimums and other key attributes for investors. DailyAlts is your source for the most up-to-the-minute news, commentary and analysis on the global market for Liquid Alternatives.

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Liquid Alternatives: Panagram Launches Its Maiden ETF Focused On Collateralized Loan Obligations

January 26, 2023

Panagram Structured Asset Management, a subsidiary of Eldridge, has launched its first ETF, the Panagram BBB-B CLO ETF (NYSEARCA: CLOZ).

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More Stories on Liquid Alternatives

The RISE and RISE of Global ETFs’ AUM

December 3, 2019

In 2019, global ETF assets have added $840 billion from January 1st through October 31st, bringing the tally to a record $6 trillion.
According to EPFR, ETF AUM (assets under management) have grown six-fold in the decade since the global financial crisis. Interestingly, assets added $1 trillion every year since 2016. Which ETFs raked it in thisyear?

Manulife: India’s Mutual Fund Market To Leapfrog To Second Largest in Asia

November 29, 2019

The size of the Indian mutual fund market is currently about $ 390 billion. According to Manulife’s Dommermuth, India will be the fastest-growing mutual fund market in Asia. Within three years it will surpass $600 billion in size and overtake Japan to become the second-largest mutual fund market in the region.

Liquid Alternatives

Liquid Alternatives: SEC Proposes New ETF Derivatives Rules

November 27, 2019

The SEC has proposed new rules on the use of derivatives by mutual funds, ETFs, and closed-end funds. The new rules would also impact business development companies. The new rule would provide an updated and more comprehensive approach to the regulation of funds’ derivatives use.

CIO Roundtable: Liquid Alternatives Named a Top 10 Investment Theme for 2020

November 26, 2019

The leaders of investment platforms at the $339 billion investment manager Neuberger Berman discussed the investment environment through 2019, and the key trends they expect in 2020. Liquid alternative investments made it to the list of the top 10 investment themes in the coming year.
Erik Knutzen, Chief Investment Officer-Multi-asset Class, and Anthony D Tutrone, Global Head of Alternatives, weighed in on liquid alternatives.

TD Ameritrade

Charles Schwab Looks to Purchase TD Ameritrade

November 21, 2019

Charles Schwab and TD Ameritrade could merge, according to CNBC’s Becky Quick. News of a possible deal dropped on Thursday morning.

Non-transparent ETFs Will Soon Get Active Managers Into the Act

November 18, 2019

Active fund managers will soon get to join the passive party via “stealth” ETFs.
The SEC has granted asset managers T. Rowe Price, Natixis, Fidelity, and Blue Tractor preliminary regulatory approval to launch non-transparent ETFs. These new ETFs require their holdings to be declared quarterly, instead of daily.

International Monetary Fund

IMF Analyst: A Lot of Mutual Funds Could Collapse in a Panic

November 13, 2019

International Monetary Fund analyst Laura Kodres warns that investors are putting too much faith in mutual funds. According to Deutsche Bank, half of the high-yield asset funds could experience liquidity shortfalls in a market panic.

European Money Market Funds and the ESG Juggernaut

November 13, 2019

Goldman Sachs Asset Management tweaks a money management fund for ESG, especially diversity.
Goldman Sachs is heeding the ESG clarion call from investors. The asset manager has introduced environmental, social, and governance criteria in a Euro money market fund.
The Low Volatility NAV money market fund has been “enhanced” for ESG considerations via a two-fold strategy.

Default Contagion Out of Emerging Markets Could Take Down This ETF

November 8, 2019

The iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has had a dream run so far, but it may be time to cash in.
An article by Harrison Schwartz in Seeking Alpha makes a case for divesting holdings in the EMB ETF or even going short on it. The main risk: A default contagion emanating from emerging markets on unsustainable dollar-denominated debt.

This is How Much China’s Mutual Fund Industry Could Grow

November 7, 2019

The Chinese mutual fund market could jump 10-fold over the next decade. This prediction comes from Hua An Fund Management portfolio manager David Hu. The manager said that index-tracking mutual funds could reach 6 trillion Yuan in 10 years (or $857.29 billion.)

Liquid Alternative ETFs on Institutional Shopping Lists

November 7, 2019

A study commissioned by IndexIQ reveals that there could be a surge in institutional interest in liquid alternative ETFs. This trend could push up their assets to $114 billion, or double their current value, in the coming 12 months.

NBER: Beware Bond Mutual Funds and Their Reported Holdings

November 5, 2019

The National Bureau of Economic Research issued a stark warning about bond mutual funds and risk. In a new report, NBER says that at least 30% of bond mutual funds hold riskier assets than what Morningstar reports. The agency released this warning in a report titled “Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds.”

Liquid Alternatives: Picton Mahoney Acquires Five Funds from Vertex One

October 23, 2019

Picton Mahoney Asset Management will acquire a clutch of alternative investment funds from Vancouver-based Vertex One Asset Management Inc.
Picton Mahoney will henceforth function as the investment and portfolio manager of the following funds, with strategies given alongside.

Liquid Alternatives: The Waypoint All Weather Liquid Alternative Mutual Fund

October 16, 2019

Toronto-based Waypoint Investment Partners launch their first liquid alternative mutual fund.
The Waypoint All Weather Alternative Fund is a defensively-oriented mutual fund. It combines a portfolio of capital distributors and capital compounders with a put option overlay to shield from market drawdowns.

John Lidington Will Co-Manage Man Numeric’s Liquid Private Equity Strategy

October 15, 2019

Man Numeric have appointed John Lidington as co-portfolio manager of its liquid private equity strategy alongside existing portfolio manager Charles Liu.
Liquid private equity may sound like a contradiction in terms. However, Man Numeric invests in small, listed companies that mimic the profile of a typical private equity portfolio.
Therefore, the strategy seeks to generate returns (and carry risk) similar to that of a buyout fund. However, the investor gains from vastly better liquidity and much lower costs.

Overlay Shares: The Icing on Your Index ETF Cake (Now for Everybody)

October 15, 2019

Once the preserve of accredited investors and institutions, this suite of Overlay Shares ETFs is now available to the everyday investor. A capital-efficient overlay strategy combines with an underlying core index ETF to generate an additional, incremental, and tax-efficient income stream.

JP Morgan Asset Management

JP Morgan: Fund Flows May Point to Higher Recession Risk

October 14, 2019

JP Morgan suggests that retail investors and consumers are losing confidence in the U.S. economy. The bank cited the outflows of capital from the equity markets and the rush of capital into bonds as a reason. In 2019, $683 billion has moved into bond funds. Meanwhile, stock funds have seen outflows of $177 billion. These figures come from the Investment Company Institute, EPFR, and Bloomberg.

Fidelity Investments Eliminates Commissions

October 11, 2019

Fidelity Investments announced Thursday that it is eliminating commissions for stock trading. The elimination of commissions will also include exchange-traded funds (ETFs) and options. The firm is the latest in a long line that has cut fees to zero as the discount broker wars continue.

AGF Leverages Its Quants Team to Offer Three Liquid Alternative Funds in Canada

October 11, 2019

Three new liquid alternative funds from AGF Investments Inc. provide better risk-adjusted returns. AGF has just launched three liquid alt funds in Canada. These are the (AGFiQ) US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL), US Long/Short Dividend Income CAD-Hedged ETF (QUDV) and the US Long/Short Dividend Income CAD-Hedged Fund. “These offerings build on AGF’s long…

Bitwise Asset Management

SEC Rejects Bitcoin ETF Proposal from Bitwise

October 10, 2019

The Securities and Exchange Commission (SEC) rejected Bitwise Asset Management’s efforts to launch a bitcoin exchange-traded fund (ETF). The agency said that Bitwise’s proposal failed to meet legal requirements tied to market manipulation and other concerns. However, the SEC blamed NYSE Arca instead of Bitwise for the rejection.

Are Mutual Fund Managers Signaling A Selloff?

October 9, 2019

The Investment Company Institute released weekly data on mutual funds and exchange traded funds (ETFs) on Wednesday. The data suggest that fund managers are very concerned about the U.S. economy, the ongoing trade war, and other factors. Last week, mutual funds and ETFs dropped roughly $11.8 million in U.S. equities.

These Hot New ETFs Protect Your Downside…And…Someone’s Taking Out A Patent on Them

October 9, 2019

There’s a new category of ETFs out there known as Defined Outcome ETFs. Also known as Buffer ETFs, these funds are seeing a rush of inflows as investors try to shield themselves from market volatility. In so doing, they also look to protect themselves from losses, while keeping open the potential for gains.

Could Crypto ETFs Finally Come In From The Cold?

October 9, 2019

The SEC will give a ‘yes-or-no’ ruling on its approval of the bitcoin-based exchange-traded fund (ETF) from Bitwise Investments by October 13. “We’re closer than we’ve ever been before to getting a bitcoin ETF approved,” said Matt Hougan, MD, and global head of research, Bitwise. The SEC’s approval would be a landmark event in the evolution of cryptocurrencies.

Waratah Capital Advisors’ New Liquid Alternative Mutual Fund

October 4, 2019

The Waratah Alternative Equity Income Fund gives investors access to one of the Group’s flagship strategies and star portfolio manager Jeannine LiChong.
The Waratah Alternative Equity Fund is the firm’s first liquid alternative mutual fund. It is a long-biased, actively managed portfolio of North American equities, with a focus on Canada. The fund can use options and short positions for risk protection.