Fintech PR
EGA and Cité Gestion partner to launch long-short fund targeting best and worst US corporate governance
LONDON, April 3, 2024 /PRNewswire/ — European and Global Advisers (EGA), the London-based investment boutique recently joined by former BlueCrest Capital Management partners Mattias Eriksson and Ebrahim Kasenally, has partnered with Cité Gestion to launch a systematic long-short UCITS fund which seeks to generate positive returns from the best and worst governed companies in the S&P 500.
Domiciled in Ireland, the PLURIMA Market Neutral UCITS Fund takes long positions in the index’s 100 best-governed companies and shorts its 100 worst-governed companies, as determined by the stewardship model provided by leading governance analysts Green Blue Invest, the ESG brand of Cité Gestion SA.
The model, which excludes tobacco, defence and oil & gas companies on its long positions, uses AI and Natural Language Processing to rank the quality of companies’ governance based on analysis of their 10-K reports.
Over 15 years of evidence the model, developed through Green Blue Invest’s partnership with Swiss-based Stewardship & Governance Associates (SGA), has demonstrated that the language used by senior executives is indicative of the quality of corporate governance and company culture.
Using a proprietary dictionary of 8,000 key words, the model screens for the occurrences and use of negative and positive words in corporate communications such as 10-K filings, comprehensive annual reports companies are required submit to the Securities and Exchange Commission.
Using these metrics, companies are assigned a core stewardship score, which determines the quality of their governance. Companies that score highly tend to share certain characteristics, including concern for employee welfare, prudence, and a focus on R&D, which generate more shareholder value.
Conversely, companies ranking the lowest in terms of governance tend to underperform. Combining the paper trading and live track record, the average gross underperformance generated by the model is in excess of 5% per annum.
The investment team has been running a long-only version of the strategy for five years, over which time it has outperformed the S&P 500 Total Return Index by more than 35% since its inception on February 20, 2019.
The PLURIMA Market Neutral Fund will be long 100% the top 100 stocks ranked by the stewardship score, and short 80% the bottom 100 stocks, giving a net long exposure of 20%.
The composition of the portfolio will be rebalanced on an annual basis, with weightings rebalanced quarterly.
Mattias Eriksson, Partner at EGA, said: “Governance is at the heart of company performance and applying a quantitative approach to assessing its quality allows the fund to systematically generate alpha from the best and worst managed companies in the S&P 500.
“Partnering with Cité Gestion and Green Blue Invest means we can leverage the expertise of industry leading ESG practitioners to offer wealth managers targeted exposure to the characteristics that are an important and sustainable forward-looking source of outperformance.”
Pascal Botteron, CIO of Green Blue Invest and Head of Investments at Cité Gestion Private Bank, said: “The vast majority of ESG funds focus on the ‘E’ but our research shows that well-governed companies deliver positively not only on the ‘G’ but also on the ‘E’ and the ‘S’. Our academic model systemically harvests this governance premia and dynamically adjusts to changes in corporate language to ensure it is exposed only the best and worst managed companies in the index.
“We are delighted to collaborate with Mattias and Ebrahim to offer EGA clients exclusive access to a long-short version of the model in a UCITS format.”
About European and Global Advisers LLP
EGA LLP (www.egallp.com) was formed in 2011 as an independent, privately owned, investment boutique to provide specialist, niche market funds for institutional investors and professional investors as well as advisory firms and their clients. EGA manages investment funds, provides investment advisory services and develops investment strategies for banks, asset managers and family offices. All in one service offered via entities in the UK, Ireland and Europe. Since 2021 new partners have added multiple new investment strategies. The Firm now manages seven UCITS Funds.
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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