Latest News
Global Merces has selected FundCount, a Boston-based provider of accounting and investment analysis software, to support the firm’s fund administration operations.
FundCount provides a single integrated interface through which Global Merces will be able to calculate and manage the firm’s partnership and general ledger accounting activity. The solution’s automated features will streamline workflow and improve overall operational efficiency.
Global Merces is an Australia-based investment management firm that designs, builds and operates managed hedge funds on behalf of investment managers. he firm offers Responsible Entity, custodial, full trustee, back-office administration and other funds management services.
“FundCount offered a cost-effective
- 11/04/2017
MainFirst, an independent German-headquartered European financial services firm specialising in equity brokerage, capital markets and asset management, has completed the migration to Torstone’s middle and back office platform, Inferno.
Inferno is Torstone’s core post-trade processing platform, a multi-asset, multi-entity system, covering trade capture, confirmation, settlement, accounting and reconciliation.
MainFirst chose to implement Torstone’s Inferno in August 2016, following a pilot project which included German specific confirmations and transaction reporting, as well as connectivity to Deutsche Boerse. MainFirst went live on Inferno in March 2017, migrating all post-trade processing away from the incumbent third party system.
Michael Lange, partner,
- 11/04/2017
- 11/04/2017
Hedge funds gained 0.34 per cent during the month of March, bringing its first quarter performance to a gain of 2.29 per cent, according to the latest Index Flash Update from EurekaHedge.
Underlying markets, as represented by the MSCI AC World Index (Local) gained 0.79 per cent during the month, with first quarter gains of 5.06 per cent.
March was marked by investor scepticism over the Trump administration as proposed healthcare reforms to replace Obama's Affordable Care Act did not meet intended outcomes. This led to an overall cautious sentiment in the market over the administration's ability to deliver
- 11/04/2017
SEI has welcomed three new participants to Codify, the company’s new Regulation Technology (RegTech) incubator. Codify is the first London-based incubator designed solely for financial regulation technology developers.
The incubator provides participants with crucial business resources and development opportunities, including office space in SEI’s UK headquarters for a minimum of four months, providing access to SEI’s extensive in-house resources and exposing them to a number of financial services sectors.
Mentoring from both SEI employees and third-party experts across various disciplines is also part of the package. External mentors include Jason Boud of the RegTech Forum, executives from leading RegTech start-ups, and
- 11/04/2017
- 11/04/2017
American Century Investments has expanded its suite of liquid alternative investment strategies with the AC Alternatives Disciplined Long Short Fund, which is aimed at clients and investors who are seeking equities with potentially lower volatility.
"AC Alternatives Disciplined Long Short is a welcome addition because it's another way to help clients strive to mitigate risk in their portfolios," says Cleo Chang (pictured), senior vice president and head of alternative investments for American Century Investments. "We also believe long short strategies can provide important diversification with the potential for more consistent returns over a full market cycle."
The fund is
- 11/04/2017
iCapital Network, a financial technology platform focused on democratising access to alternative investments for high-net-worth investors and their financial advisers, has appointed Thomas Fortin as managing partner and chief operating officer (COO).
Fortin (pictured) will report to iCapital Network’s chief executive officer, Lawrence Calcano, and be responsible for technology development and the investor services group.
Fortin joins iCapital from BlackRock, where he was head of retail technology in the BlackRock Solutions group and responsible for the strategy, design, and development of retail sales enablement and digital distribution solutions. He also drove the acquisition of FutureAdvisor.
“We are delighted
- 11/04/2017
- 11/04/2017
Global hedge fund middle office and accounting firm Viteos has been awarded Best Global Shadow Accounting Firm at the Hedgeweek Global Awards 2017.
Hedgeweek notes that the awards recognise “excellence among hedge fund managers and service providers (and) celebrate the achievements of firms that contributed to another significant year for the sector.”
Especially significant is that winners are selected by Hedgeweek’s readership across the entire scope of professionals in the hedge fund space, including investors and managers as well as fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.
Hedge funds and traditional asset managers have
- 11/04/2017
Vincent Au, the portfolio manager at New York-based hedge fund management firm Gondor Capital Management, has told investors that the best measuring stick in determining performance are quarterly and yearly returns.
“A good measuring stick is the returns of a fund not monthly, but quarterly and yearly,” says Au. “While I am thrilled with the Gondor’s returns, the number I am most proud of is 80 per cent plus, that number reflects the percentage of months Gondor has been profitable since inception almost four years ago.”
Since inception in July 2013, the Gondor Partners LP and the Gondor Funds
- 11/04/2017
Hedge funds generated alpha last week, with global macro funds outperforming thanks to higher dollar and oil prices, according to Lyxor’s latest hedge fund weekly brief.
Amid slightly negative global equities, L/S Equity funds succeeded in extracting excess returns, especially in Europe through relative trades.
Two weeks and counting before the very atypical French presidential elections, hedge funds are displaying disparate stances on this event.
Global macro funds at Lyxor seem to be prudently positioned. After the UK referendum and the US election surprises, they are more cautious. While they do not seem to be taking a particular
- 10/04/2017
Triple Leo Consulting, founded by industry veteran Mike Quinn, has launched its full-service hedge fund administration and operational consulting business based in the Philadelphia suburbs.
Triple Leo will offer full-service fund administration and operational consulting services to alternative investment managers, primarily in the hedge funds and fund of funds space.
The firm will also provide services for separately managed accounts and family offices.
Quinn says: “The firm was founded on the premise that financial services needs to be simple, efficient and timely. Our goal is to provide very high-quality, customised solutions to investment managers, while keeping the costs
- 10/04/2017
Special Reports
FeatureD
- Intel
- April 25, 2024
- Intel
- April 24, 2024
- Intel
- April 23, 2024
- Intel
- April 22, 2024
- Intel
- April 19, 2024
- Intel
- April 18, 2024
- Intel
- April 17, 2024
- Intel
- April 16, 2024
