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NEX Data is working in conjunction with NEX Markets on behalf of the Financial Futures Association of Japan (FFAJ) to produce new FX margin ratios for 170 currency pairs that are core to meeting new Japanese regulatory requirements.
Launched in February 2017, the FX margin ratios support the derivatives margin calculations which Japanese retail brokers now have to provide to local authorities, following the new regulations which kicked in on 27 February 2017.
Using underlying data taken from NEX Markets’ FX Central Limit Order Book (CLOB) EBS Market as a primary source in addition to third party sources, the
- 11/05/2017
ACA Compliance Group is expanding its GIPS verification and performance practice, ACA Performance Services, with the acquisition of Ashland Partners’ GIPS verification and performance practice.
The transaction is expected to close in June 2017. The financial terms of the transaction have not been disclosed.
Headquartered in Jacksonville, Oregon, Ashland Partners was founded in 1992 and offers GIPS verifications and performance services, as well as traditional accounting services such as audit/tax, SOC 1, custody exams, QPAM audits, and Agreed-Upon Procedures to the investment management industry.
Over 40 employees from Ashland Partners will join ACA through this transaction. The new
- 11/05/2017
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.34 per cent in April, underperforming the 0.42 per cent monthly return of the HFRX Global Hedge Fund Index.
“April was a positive month for alternative strategies,” says Jason Schwarz (pictured), president of Wilshire Funds Management. “Long-biased equity strategies benefited from gains across global equity markets, with notable performance within emerging markets. Event driven and relative value strategies continued to benefit from being long credit risk, particularly within corporate bonds.”
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both
- 11/05/2017
Candriam Investors Group has launched a new digital long short equity strategy, designed to invest in companies benefiting from the digital evolution of the economy by tapping into the growth potential of innovative companies and shorting disrupted companies.
This Digital Long Short strategy is the latest addition to Candriam’s thematic strategies which already include specialist strategies in demography, biotechnology and robotics. Thematic strategies allow investors to capitalise on long-term socio-economic trends.
The investment mandate enables the team to invest in digital champions over the long term, but also short companies which rely on legacy technology and have a negative
- 11/05/2017
Trident Trust, an independent provider of corporate, trust and fund services to the financial services sector worldwide, has implemented Linedata’s transfer agency and reporting solution Mshare.
Trident Trust is using Linedata Mshare and Linedata Reporting initially in Guernsey, Malta and Luxembourg as part of an ongoing programme to further enhance its fund administration offering.
With over 400 funds under its administration worldwide, these solutions are enhancing Trident Trust’s ability to operate across multiple jurisdictions and a range of diverse asset classes. The platform provides hedge fund, private equity and partnership accounting capabilities, together with an intuitive profit and loss
- 11/05/2017
- 11/05/2017
Axioma, a provider of enterprise market risk and portfolio management solutions, has appointed board industry veteran Mark Traudt as managing director and head of product engineering.
His role will be to further Axioma’s leadership role in financial technology innovation.
Sebastian Ceria, chief executive officer of Axioma, says: “Industry-leading technology is at the heart of all that we do. Bringing on someone of Mark’s calibre speaks to our mission: delivering products and services that are transformational to our clients.”
Traudt’s (pictured) main objective will be advancing the technology of Axioma’s full suite of products in addition to driving the
- 11/05/2017
Hedge fund managers are continually reviewing their relationships with fund administrators, fund custodians, prime brokers, fund auditors, fund marketers and law firms to ensure that they are getting the services they need.
A quarter of all hedge fund managers surveyed by Preqin at the end of 2016 changed at least one service provider over the previous year.
Of these, 75 per cent changed one service provider, 18 per cent changed two, while 7 per cent changed three or more service providers over the year.
Managers had two leading concerns when changing service provider: cost and quality of service.
- 11/05/2017
Indos Financial, the UK independent depositary, has secured approval from the Financial Conduct Authority (FCA) to extend its Alternative Investment Fund Managers Directive (AIFMD) depositary permissions to become a full depositary.
The move represents the first such authorisation of a non-bank entity in the UK since AIFMD was introduced in 2014.
The permissions build upon the firm's depositary-lite business servicing non-EU funds as well as its UK private equity, real estate and debt fund business. In less than three years this business has grown to comprise 70 funds across 56 managers and USD14 billion of assets.
The extended permissions will
- 10/05/2017
The Lyxor Hedge Fund Index was down 1.07 per cent in April, with seven out of 10 Lyxor indices in positive territory, according to the firm's latest Alternative Investment Industry Barometer.
Bottom-up strategies outperformed, supported by the improvement of the alpha backdrop.
On the negative side, macro strategies suffered ahead the French elections.
“Lower near-term political risk and persisting signs of recovery lead us to be overweight on European stocks and banks. Stock pickers should also benefit from the improvement of the alpha backdrop as investors re-focus on the European recovery and companies’ fundamentals. Overall, we continue to favour
- 10/05/2017
By Joseph Bartolotta (pictured) – How many vehicles are on the road today with a “Schedule Service” message displayed on the instrument panel? And how many drivers will ignore it for yet another day? Why do we ignore those messages?
Lots of reasons. For one, getting that oil change or not really won’t affect how the car runs or performs right now. It will of course impact the vehicle’s future performance and longevity, but that’s not an immediate priority to many drivers. Then there’s the argument of not having enough time. Even though we know that 30 minutes now can avoid
- 10/05/2017
- 10/05/2017
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