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Where the vulnerabilities are – It’s 3:40 on a Friday afternoon, and an urgent email hits a back-office employee’s inbox. As the employee scrambles to get ready for the market-close and head off to a three-day weekend, it looks like the portfolio manager for a major client needs him to wire USD125,000 to a bank in Grand Cayman.
His colleagues are tied up with other matters, and, since he’s eager to be responsive to this important client’s request, he follows the wire instructions in the email to complete the transfer – with just a few minutes to spare.
Bad
- 18/05/2017
FAB Partners, a global alternative investment platform, has completed the acquisition of a majority stake in Halkin Asset Management, a London-based alternative asset manager.
The combined company will be rebranded as Centricus and will continue to target returns across all asset classes, sectors and geographies for its investors.
Halkin is a London-based FCA-regulated and SEC registered multi-manager platform, offering portfolio management and advisory services. It provides complete solutions to early stage and established portfolio managers.
The transaction will support the expansion of Halkin’s onshore asset management capabilities, as well as its corporate finance advisory business.
The
- 18/05/2017
The past 12 months has seen The Bahamas review its existing legislative framework for investment funds, with a view to ensuring that it maintains its competitiveness. Under the existing framework, some of the innovations that The Bahamas has introduced, such as the ICON legal structure and the SMART Fund series, have raised the jurisdiction’s profile and helped attract new business. However, it is time for a refresh of the 2003 Investment Funds Act which provided for these innovative instruments which support private wealth management.
As Tanya McCartney (pictured), CEO and Executive Director of the Bahamas Financial Services Board comments, while
- 18/05/2017
There has been a continued evolution of the asset management operating model over the last couple of years. Gradually, both traditional long-only managers and alternative fund managers have been shifting away from a multi-vendor, purpose built system model to more of a single vendor model, outsourcing many of the middle- and back-office functions at the same time.
This cost-incented approach is, in large part, fuelled by the pressures that fund managers are under to seek alpha in support of their client’s objectives. This has been the case for some time now and can be attributed to a number of factors:
- 18/05/2017
The top hedge funds managed approximately USD159 billion in equity holdings in the first quarter of 2017, an increase from the USD153 billion under management in Q4 2016, according to S&P Global Market Intelligence’s latest Hedge Fund Tracker analysis.
The total number of equity positions held also increased from 424 in Q4 to 427 in Q1, as hedge funds made a significant move into the consumer staples sector.
The quarterly S&P Global Market Intelligence Hedge Fund Tracker, which reviews 13F filings by pure play hedge funds, provides an aggregate analysis of hedge fund equity ownership that highlights hedge
- 18/05/2017
Institutional trading network Liquidnet has acquired OTAS Technologies – an analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers.
OTAS’s analytics and market insight, combined with Liquidnet’s Virtual High Touch decision-support trading platform, will help enhance the buy-side trader’s decision making process and give the trader more control over achieving best execution.
“The biggest challenges we hear from our buy-side Members today centre on two things – finding the liquidity they need, and being able to sort through vast amounts of market information to access what’s relevant,” says Rob Laible, Liquidnet’s
- 18/05/2017
- 18/05/2017
New York-based hedge fund firm Gondor Capital Management has outperformed its much larger peers in the first four months of 2017 with strong gains.
Vincent Au, portfolio manager at Gondor Capital, says its domestic Gondor Partners LP gained 8.32 per cent through April (+0.36 per cent MTD, while its offshore Gondor Funds LTD generated a strong 7.75 per cent per cent returns during the same period (+0.43 per cent MTD).
The solid performances of Gondor’s two funds outshines their much bigger counterparts as the average hedge funds returned less than half of what they generated in the first
- 18/05/2017
- 18/05/2017
Agecroft Partners has pledged to donate USD1 million from its Hedge Fund Leadership Summits to non-profit organisations that benefit children.
Since 2013 Agecroft Partners has committed to improving the lives of children through donating 100 per cent of their profits from conferences.
This includes Hedgeopolis (with which they are no longer involved) and their event Gaining the Edge – Hedge Fund Investor Leadership Summits. Through the end of 2017 Agecroft Partners expects to have given away over USD500,000 from these conferences.
For the second year in a row, Agecroft has chosen Help for Children/Hedge Funds Care
- 18/05/2017
Addepar has acquired AltX, an intelligence platform for the alternative investments market.
The acquisition deepens Addepar’s capabilities in alternative investments – which comprise USD120 billion of the USD600-plus billion of assets on Addepar’s platform.
With AltX, Addepar advances its mission to empower wealth advisers and asset owners to make more informed, data-driven investment decisions.
Alternative investments, including hedge funds, private equity, venture capital and real estate, have exploded in popularity, growing from USD2.5 trillion in 2004 to a projected USD13.6 trillion by 2020. Despite this growth, wealth advisers have struggled to provide an adequate level of information
- 18/05/2017
Castine Consulting and ONEaccess, a Visible Alpha company, are teaming up to provide enhanced RPA (research payment account) solutions to asset managers and hedge funds.
Castine has operated in the commission management space for 20 years and is combining its RPA Centre suite of due diligence and commission management modules with ONEaccess’ research consumption data, providing buy-side firms with an end-to-end solution for RPAs.
With greater transparency around commission payments for research, the combined solution offers buy-side firms of all sizes the ability to comply with MiFID II’s budgeting requirements, heightened due diligence, trade management and research payments,
- 17/05/2017
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