Latest News
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
In July 2017, the European Energy Exchange (EEX) achieved a total volume of 186.0 TWh on its power derivatives markets (July 2016: 244.0 TWh).
The July volume comprised 75.3 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).
In Phelix-DE Futures, EEX reached its highest volume so far at 15.0 TWh. The steady increase shows that the product is well recognised by the market participants. The products for the Eastern-European markets which have been tradable at EEX since June 2017 contributed 2.1 TWh to
- 02/08/2017
Cheyne Capital, the London-based alternative asset manager, has launched a new sub-investment grade credit business, SVC.
The team will be run by Anthony Robertson, formerly Head of Leveraged Finance at BlueBay Asset Management, who joins as CIO of the strategy. Also joining are David Lofts as Portfolio Manager and Head of Trading and Origination, and Senior Analysts Jacopo Rubbia and Jorge Lazaro, with further hires joining in the coming months.
The business has been formed to take advantage of investment opportunities resulting from the changing market backdrop and growing investor interest for tailored closed-end solutions to credit allocations. The
- 02/08/2017
AcadiaSoft Inc, a provider of margin automation solutions for counterparties engaged in collateral management worldwide, has launched AcadiaSoft Expert Services, a suite of consultative offerings designed to support firms as they comply with new regulations.
AcadiaSoft’s ISDA SIMM Approval Guidance, a service providing firms a streamlined, expert-driven process to help obtain permission from regulators to use the ISDA SIMM for Initial Margin (IM) calculations, launches today as the first available offering within Expert Services.
“AcadiaSoft has extensive experience in risk, collateral and change management and its partners are expert in risk modelling, valuation, back testing and validation,” says Chris
- 02/08/2017
London based investment manager Helford Capital Partners has launched a new AIFM fund manager hosting platform aimed at investment professionals looking to launch their own fund under the Alternative Investment Fund Manager Directive (AIFMD).
The platform offers prospective managers a fast and highly cost effective ‘turnkey’ solution to starting their own fund. Helford also provides an on-going & full hands-on support service including regulatory hosting and oversight, plus full marketing and investor relations management.
Helford Capital Partners announced in a statement today that the new Manager Platform will fill the niche that currently exists between fund platforms (most of
- 02/08/2017
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