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Charles River Development has formalised a partnership agreement with the London Stock Exchange’s UnaVista to automate transaction reporting under the European Union’s Markets in Financial Directive II (MiFID II).
Under the partnership, the firms’ mutual clients are able to use UnaVista as an Approved Reporting Mechanism (ARM) to report transactions to National Competent Authorities (NCAs) for all required asset classes.
MiFID II includes a requirement that investment firms submit detailed transaction reports to their NCAs within one day of the transaction. All trades involving financial instruments admitted to trading or traded on an EU trading venue need to be
- 29/06/2017
Liquidnet has now made its Algo Ranking Model technology available in Europe, building on a successful launch in the US.
Using innovative technology and a multi-factor model, the Algo Ranking Model profiles every order to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets.
The model ranks Liquidnet’s suite of Next Gen Algos based on three key execution objectives: performance, fill rate, and an optimal combination of the two before presenting options to the trader. Once the trader has made a selection, the model quantifies the algorithm selection, creates an analytical foundation
- 29/06/2017
Dyal Capital Partners, a division of Neuberger Berman Group, has acquired a strategic minority stake in private credit and special opportunities alternative investment manager, Atalaya Capital Management.
Dyal will become a passive, non-voting partner in Atalaya. All of the proceeds from the investment will be retained on Atalaya’s balance sheet to expand the Firm’s capabilities and increase the Firm’s investment alongside its investors.
Atalaya was founded in 2006 and today manages more than USD2.5 billion in assets under management across its Special Opportunities Fund and Asset Income Fund products as well as select other investment vehicles.
Ivan Q.
- 29/06/2017
Regulatory data exchange Silverfinch has highlighted the importance of ensuring all data is securely stored and managed in the lead up to the regulatory step change of MiFID II.
From 3 January 2018, MiFID II product governance will require manufacturers of products to collect information from their network, confirming if products have been sold to a suitable investor. The regulation also requires asset managers to hold and communicate increased amounts of data on their funds and clients. Much of this data will be sensitive, personal information which will need to be stored correctly to avoid any third party access.
- 29/06/2017
Estera, a provider of offshore fiduciary and administration services, has appointed Brad Stephenson (pictured), as team manager for the company’s Cayman Islands fund services business.
In his new role, Stephenson oversees Estera Cayman’s fund offering, including fund directorships and related fiduciary services to Cayman corporate structures.
Stephenson, who has more than a decade of experience in the Cayman funds industry, previously served as a business development manager within a provider of specialised trust and fund administration services. He has extensive experience offering guidance on a range of corporate structures and has overseen the day-to-day management of funds in markets
- 28/06/2017
- 28/06/2017
The hedge fund industry faces a challenging environment in Europe, with overall assets under management declining in 2016, and net asset outflows continuing through Q1 2017, according to a new report from Preqin.
Hedge Funds In Europe reveals that as of the end of 2015, hedge fund managers in the region held USD674 billion in AUM; this declined to USD657 billion a year later. At the same time, investor outflows from Europe- based fund managers totalled USD35 billion, with a further USD9 billion in net outflows recorded in Q1 2017. However, performance among Europe hedge funds has shown signs of
- 28/06/2017
- 28/06/2017
Hagen Lewis (pictured), has joined Neudata as Director, North America, and will be based in midtown New York City. Lewis will expand the US nationwide marketplace for the firm’s alternative data intelligence platform by working closely with systematic, quantitative and other professional fund managers.
“Hagen is a proven FinTech professional and a true gem to add to our expanding talent lineup,” says Rado Lipuš, founder and chief executive officer of Neudata, headquartered in London, UK. “He fully appreciates the consultative relationships we continue to forge with institutional managers who find tremendous value in leveraging the unconventional, and often under-radar, alternative
- 28/06/2017
Neuberger Berman has extended its range of alternative solutions with the launch of the Neuberger Berman Uncorrelated Strategies Fund. The UCITS Fund went live with USD71 million in seed capital from clients in the UK, Switzerland and Scandinavia.
The fund’s joint goals are to generate positive absolute returns and to focus on strategies expected to be uncorrelated to equities and fixed income, over a market cycle. The investment team, including portfolio manager, Fred Ingham, identifies differentiated strategies such as Global Macro, Equity Market Neutral, Short Term Trading and Trend Following, which have historically generated returns distinct from traditional asset classes as
- 28/06/2017
White Oak Equity Partners (White Oak), a private equity investor focused on acquiring minority GP interests in hedge funds, has acquired stake in ROW Asset Management (ROW), a systematic quantitative global macro investment firm.
Terms of the transaction have not been disclosed.
The transaction and new partnership provides ROW, which has over USD800 million in assets under management, with additional financial flexibility to be more opportunistic as it seeks to grow its capabilities and assets. ROW will continue to be led by Ryan O’ Grady (pictured), co-founder and Chief Executive Officer, and Jeffrey Weiser, co-founder and President, who will
- 28/06/2017
Prestige Capital Management Limited (PCM), the AIFMD-licensed Malta arm of the Prestige group of companies, has expanded its Malta-based operation with the appointment of Dario Inclimona as junior portfolio manager to its growing team.
Inclimona will be working alongside Jonathan Scott (pictured), who joined PCM as Chief Operations Officer in November 2016, and will be looking after day to day fund investment portfolio operations.
This is part of PCM’s increasing role as the day to day operations and reporting centre for the range of Prestige Funds.
Inclimona has a career in financial services spanning eight years, having worked
- 28/06/2017
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