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While all hedge fund strategies were up last week, special situations outperformed as their cyclical and turnaround positions surged, according to Lyxor’s latest Weekly Hedge Find Brief. CTAs’ strong long equity exposure meanwhile, offset losses in their short Euro and in their long Euro bonds.   By contrast, hedges and relative positioning in global macro and L/S equity funds capped the upside.   Lyxor’s cross asset research team writes: “Markets and hedge funds were also supported by an upbeat earning season. In Europe, the fading political risk benefitted most reporting companies, with less regards to their fundamentals. Stocks rose across
BT has completed the acquisition of IP Trade, a provider of unified communications and collaboration solutions for trading floor environments and command-and-control dispatch centres, following approval by the UK’s Competition & Markets Authority (CMA). As announced on 1 February, the acquisition of IP Trade will improve BT customers’ ability to unify trading and control room communications.   Teams will be able to collaborate across complex, global communities more effectively, using a blend of speech, video and messaging with the broadest range of fixed and mobile devices and applications.   Technology and operations groups will be able to integrate their enterprise
Hatteras Funds, a provider of alternative investment solutions for financial advisors and their clients, has formed a partnership with private capital firm Portfolio Advisors to serve as sub-adviser for the Hatteras Core Alternatives Fund. In 2003, Hatteras Funds created the Core Alternatives Fund to deliver the potential return enhancement produced by a diversified, seasoned evergreen private investment programme complemented by the risk mitigation benefits of a portfolio of hedge funds.   Hatteras Funds recently communicated with advisers and investors that the core fund’s sub-adviser change was a necessary step to improve the fund’s performance and fulfil its commitment to investors.
Broadridge Financial Solutions has appointed Eric Bernstein as president of Broadridge Investment Management Solutions. Broadridge Investment Management Solutions supports more than 225 global hedge funds, asset managers, family offices, fund administrators and prime brokers.   Its modular suite of investment management solutions combines portfolio management, order management, risk management, reference data management, data warehouse reporting and reconciliation functionality in a single, multi-asset, completely integrated application.    “Eric brings nearly two decades of experience in global businesses serving the asset management and capital markets segments and is a proven leader in building strategic client relationships,” says Charlie Marchesani, president of the global
Activist Global, a multi-strategy hedge fund of fund manager, is planning to create a new global charity foundation named Temporary Nations aimed at supporting refugees around the world. The firm has committed to invest and allocate USD494 million into the new proposed project along with several other international governmental agencies.   The firm has conducted negotiations and reaching agreements with all the involved parties for the past 10 months since mid-2016.   Activist Global will act as the financial controller to the Temporary Nations project.   "Temporary Nations will be a self-regulatory organisation and an international charity entity, its main
Koger has enhanced its Kure software with new functionality focused specifically on the management of risk-based compliance, in direct response to increased due diligence and anti-money laundering (AML) and know your client (KYC) procedures around the world. Kure is a module for Koger’s flagship NTAS platform for fund administration and compliance, which supports more than 8,000 funds with USD2 trillion in assets. It also works as a standalone product.   Kure, which stands for Koger’s Universal Regulatory Engine, provides risk-based global regulatory compliance, with investor tracking, classifying and reporting to adhere to anti-tax evasion legislation and anti-money laundering regulations. These include the
Neudata has appointed Stephen Morse as an adviser for the US market. Morse (pictured) will assist in bringing Neudata’s alternative data intelligence platform to hedge fund managers and other institutional investors based in the US.   Morse, who will be based in New York City, was most recently head of global financial data partnerships at Twitter.   “We are thrilled to have someone as knowledgeable and experienced as Stephen bringing his expertise to Neudata as we expand our business of providing intelligence from new and alternative data sources to the sophisticated investor marketplace,” says Rado Lipuš, founder and chief executive
The global hedge fund industry employs close to 400,000 people, an increase of about a third since 2010, according to research by the Alternative Investment Management Association (AIMA) and data provider Preqin. There are around 115,000 staff at hedge fund management firms worldwide and around 275,000 at businesses that provide services to hedge funds, including lawyers, auditors, administrators and prime brokers, the organisations have found.   The global total represents an increase of 30 per cent since the end of 2010, the last time that AIMA conducted a global employment survey. That growth rate is in line with a 32
When it comes to cybersecurity, the list of potential gaps is expansive ranging from technology to human. To help identify where your firm may be lacking, here is a list of the top 10 most commonly identified gaps found during an IT audit/risk assessment.  Top 10 IT Security Gaps   Risk Management and Governance IT Asset Management Vulnerability Assessments Patch Management  Social Engineering & User Training  Business Continuity Planning Multi-Factor Authentication Third Party Vendor Management  User Provisioning and Management  Incident Response Planning/Procedures  Risk Management and Governance – Responsibility and accountability for risk management starts in-house – and at the top. Even
Lightkeeper, a provider of portfolio intelligence tools and customised reporting solutions for the financial services industry, has appointed Stuart J Hendel as a senior managing director in the firm’s executive management team. Hendel (pictured) has spent his career in the hedge fund industry, with leadership roles on both the buy and sell side.   "Stu has been at the forefront of the evolution and growth of Hedge Funds, almost from the very beginning. Stu has always been focused on shaping the hedge fund industry, and on the needs of customers. Given his experience and insight, we believe that Stu will

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