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Hedge fund managers are leaning on their technology partners more than ever as they seek to automate the investment management lifecycle, front through back. With regulation such as MiFID II just around the corner (it comes into effect 3 January 2018), European firms in particular will need to address gaps in their IT infrastructure to ensure they adjust to the regulation as seamlessly as possible. As we reveal below, robotics and AI could solve many of the complexities of managing data in this complex regulatory environment.
This March, Eze Software released a new Trade Importer feature for Eze OMS, to
- 02/08/2017
Confluence, one of the investment management industry’s leading reporting, data management and analytics companies, delivers technology as a solution to enhance the operational efficiency of its clients. The platform supports a vast array of clients globally running mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds, as well as eight of the 10 largest global fund administrators.
With regulation becoming such a burden on investment managers, technology has needed to up its game and deliver automation where possible. In that regard, Confluence is well placed. Its Unity NXT Regulatory Reporting platform handles clients’ post-trade reporting requirements in a single
- 02/08/2017
By Michael O’Brien (pictured), Nasdaq – Ask buy side firms about the areas where they are most vulnerable to legal action, and they will likely put insider trading on the list. In the last few years, regulators around the world have shown their willingness to investigate and prosecute insider trading cases, and levy severe fines and penalties. Importantly, the firms involved have suffered significant damage to their reputation.
To successfully prosecute an insider trading case, regulators generally need to prove that the person was in possession of the information, and that the person then acted on it. Each region takes
- 02/08/2017
With so much change happening in the funds industry, it is imperative that technologists keep pace to help hedge funds optimise operations. In that regard, Eze Software has been busy developing new functionality across the Eze Investment Suite, with MiFID II as a big focus.
In Q1, Eze Software partnered with OTAS Analytics to integrate advanced market analytics capabilities into its execution management system (EMS) blotter to support MiFID firms seeking to meet best execution requirements under MiFID II. It also increased access to liquidity sources from the EMS and added BIDS and POSIT crossing networks to its suite of
- 02/08/2017
Data re-use is likely going to become a critical feature of the industry, moving forward. Not only will fund managers want to be able to access data in a consistent fashion, they will also want to make sure it is accurate across different reports as regulators pay ever closer attention.
Rather than spend numerous man hours organising data to complete mundane tasks, the funds industry stands on the cusp of an exciting new era; one that will see increased use of machine learning and AI technology taking over such tasks, freeing up managers to hone investment strategies, and build investment
- 02/08/2017
By George Ralph, RFA – According to Microsoft and 451 Research, most organisations are working with four cloud vendors, at least. Many firms are utilising public cloud services from the biggies like Amazon and Microsoft, but also want, or need more discrete services to house some applications, and for these services, will opt for private clouds. Today’s firms want applications that bring them business benefits, and if they need to bring on board other cloud services to house them, or to cope with the workload, that’s what they do. Our customers want infrastructure that just works as it should. They
- 02/08/2017
Active fixed income manager BlueBay Asset Management (BlueBay) has launched a Cayman version of its successful BlueBay Global Sovereign Opportunities Fund (UCITS) in response to client demand.
The new Fund is a discretionary global macro strategy investing in interest rates, currencies and sovereign credit across global markets, aimed at hedge fund investors. The Fund seeks to achieve an annual net return of cash plus 5-7 per cent over the full investment cycle, with an expected volatility of 8 per cent.
BlueBay launched its UCITS macro strategy in December 2015, with Russel Matthews (pictured),as the lead portfolio manager in a
- 02/08/2017
Abacus Group has secured a minority investment from WestView Capital Partners. Drake Star Partners acted as an exclusive financial advisor to Abacus Group on this transaction.
Founded in 2008, Abacus Group has successfully served the hedge fund and financial institution market by providing superior technology, expertise, and service.
Abacus Group provides three main products and services – AbacusFLEX, a professionally managed hosted IT solution covering all the primary needs of a modern financial services firm including state-of-the-art security and compliance functionality; Application Hosting, a fully redundant and secured managed infrastructure allowing clients to host any application in the cloud;
- 02/08/2017
Koger, a financial services technology company and provider of the NTAS platform for fund administration and compliance, has received the ISO 9001: 2015 quality management certification.
Koger’s certification means the company meets a comprehensive quality standard that covers all of its processes and operations.
A quality management system that can be integrated into any business, ISO 9001 ensures the business delivers a consistent level of quality to its customers by having well-defined and regularly-reviewed processes and procedures. Koger’s certification states that the company has “implemented and maintains a quality management system for the design and managed development of fund
- 02/08/2017
Watson Wheatley, a specialist in securities reconciliation, has added four new alternative asset management clients to its roster in the last month.
Interfaces with five new systems have also been added to the iRecs platform; Enfusion, Orchestrade, Eze Tradar, Calypso and Bloomberg AIM. The iRecs3 reconciliation solution has been further enhanced with an interactive dashboard, allowing users greater control over relevant operational data points.
Tom Wheatley (pictured), COO at Watson Wheatley Financial Systems, says: “We are delighted to have signed so many new clients recently, especially since they have all come from recommendations and introductions by existing users.”
- 02/08/2017
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