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By George Ralph, RFA – It’s August already, and 2017 is over half gone. There are two major pieces of legislation coming into effect in early 2018, which will affect alternative investment firms in the UK, and firms worldwide who are holding data on European citizens, or trading with firms in the EU.
The EU General Data Protection Regulation (GDPR) represents the most significant change in global privacy law in 20 years. GDPR places important new obligations on any business that handles the data of individuals living in the EU, independent of where the business is located. The second regulation,
- 07/08/2017
Ten new liquid alternative funds were launched in Q2 2017, including five equity hedge funds and five multi-strategy funds, according to Wilshire Funds Management’s Q2 2017 Liquid Alternatives Industry Monitor.
There were 21 liquidations during the period, which also saw a USD3.1 billion increase in the AUM of the total Liquid Alternatives Universe on the back of approximately USD3.2 billion in net inflows.
Multi-strategy funds experienced net inflows of USD1.06 billion, following five straight quarters of outflows, while capital continued to leave the Global Macro space for a third consecutive quarter, with USD0.69 billion in net outflows.
- 04/08/2017
- 04/08/2017
The July 2017 average daily transaction value on the Euronext cash order book stood at EUR7,454 million, up 20.4 per cent compared to July 2016 and down 9.6 per cent from the previous month.
The average daily transaction value on ETFs was EUR466 million, down 2.5 per cent compared to July 2016 and up 12.6 per cent from the previous month. The ETF offering increased this month to 824 listings at the end of July compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 223,492 contracts in July 2017, up 24.9 per cent
- 04/08/2017
- 04/08/2017
Asian hedge funds extended Q1 gains through mid-year, led by funds investing in India and China, resulting in the first quarterly asset inflows since 2Q15, and increasing Asian hedge fund capital to the highest level since Q4 2015.
The HFRX India Index gained 6.4 per cent in Q2 17, bringing YTD performance to +26.6 per cent, topping the Sensex 30 Index by over 1000 basis points for H1 2017. Total capital invested in Asian hedge funds rose to USD117.1 billion (RMB787 billion, JPY12.95 trillion, NIR7.45 trillion), a quarterly increase of USD6.7 billion, according to the latest HFR Asian Hedge Fund
- 04/08/2017
Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund advised by Steadfast Investment Adviser, an affiliate of Steadfast Companies, and sub-advised by Alcentra NY, a BNY Mellon investment boutique, has appointed Michael A Tamasco, CFA, as president.
Tamasco, who will also serve as president of Steadfast Investment Adviser, previously served as managing director of Optima Fund Management, one of the oldest hedge fund and multi-product alternative investment firms in the industry. He served as a member of the firm’s management committee and head of North American business development. Prior to Optima, Tamasco was co-head of Rothschild Asset Management US and
- 04/08/2017
Wall Street Access Corp has acquired a majority interest in RJL Capital Group (RJL), a New York-based provider of prime brokerage and trading services. Terms of the private transaction have not been disclosed.
RJL provides a suite of integrated prime brokerage clearance, execution, and reporting services supported by proprietary technologies and an experienced support staff. RJL customers benefit by being introduced on a fully-disclosed basis to multiple prime broker custodians, allowing investment managers to diversify custodial risk while enjoying the operational ease of a single trading solution, service team and reporting system.
“We’re very excited to welcome the RJL
- 04/08/2017
The ID Register, an online platform which makes the Know Your Client (KYC) process quicker, easier and more cost effective, passed its first birthday on 22 July.
Since its launch the platform has grown rapidly with more than 17,500 registered investors and 140 GPs including StepStone, Gilde, Adam Street Partners and TDR Capital. It is a revolution for the investor onboarding process in the private funds market and it is proving very popular in the US market.
Backed by leading fund administrator, Ipes, The ID Register was developed in response to the changing regulatory requirements for KYC. The UK
- 04/08/2017
- 04/08/2017
Tradeweb has submitted an application with the Dutch Authority for the Financial Markets (AFM) to establish a fully regulated entity within the EU.
Tradeweb is focused on providing market participants with uninterrupted access to liquidity, services and choice once Brexit becomes a reality.
Tradeweb’s new office will serve as the electronic trading hub for the firm’s EU-based clients, benefitting from Amsterdam’s regulatory environment and infrastructure.
“Tradeweb’s imperative has always been to provide our global client base with access to liquidity across a range of products. Post-Brexit, for many investors, uninterrupted access to that liquidity requires an independent and
- 03/08/2017
Financial technology company S3 Partners (S3) has added its Black App to the Thomson Reuters Eikon App Studio.
The app delivers real-time short interest, market- standard borrow and loan rates, and predictive analytics that identify trading and portfolio- finance opportunities on 28,000+ public equities, indices and ETFs globally.
“Collaboration over our open platform is a key component to delivering a world-class trading solution on Eikon,” says Michael Chin (pictured), co-head of Trading, Thomson Reuters. “By adding S3’s Black App, Eikon buy-side clients have an incredibly powerful analytical tool to leverage in their trading decisions.”
“S3 Partners is focused
- 03/08/2017
RMB Capital (RMB) has promoted portfolio manager Andrew Baker, CFA (pictured), to partner.
Baker joined RMB in 2008 as a senior analyst for the firm’s asset management team. Since then, he has been working as a generalist across asset classes and leading all investment manager due diligence efforts. He was named vice president in 2014 and became portfolio manager for RMB’s multi-strategy alternative portfolios in 2015. Baker is also a member of the firm’s investment committee.
“Andy has been instrumental in shaping our overall investment policy as a firm,” says Richard M Burridge, RMB Capital founding partner, CEO and
- 03/08/2017
- 03/08/2017
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