Latest News
Another year, another fantastic awards event. The Reform Club Library, venue of the 2017 Hedgeweek Global Awards, was full of optimism and a palpable sense of excitement at what the year could bring. Of course, there are significant forces of change that hedge funds need to navigate, not least of which is MiFID II, which comes into play next January. But as global monetary policy shows signs of divergence, and markets return to fundamentals, the environment for seeking out alpha is improving.
On the regulatory side, working with the right partner to navigate MiFID II and countless other regulatory compliance
- 06/04/2017
- 06/04/2017
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Joe Latini as executive director of relationship management.
Latini (pictured) will be responsible for managing relationships with existing clients across MUFG Investor Services’ alternative asset servicing platform.
He will work alongside the current relationship management team to develop clients’ strategy and ensure they receive the highest level of service throughout the investment cycle.
Formerly a director of US sales at ENSO Financial Analytics, Latini brings over 18 years of experience from business development roles in the investment industry.
Prior to ENSO, Latini
- 06/04/2017
Alternative fund managers who wish to avoid the limitations of running ’40 Act mutual funds, and the risks that come with having to constantly provide daily liquidity, are turning their attention to closed-end interval funds. UMB Fund Services has a decade of experience providing turnkey solutions for managers looking for an elegant route to market.
Although not a new product innovation, interval funds and registered hedge funds offer fund managers the ability to control redemptions and deliver returns that allow illiquidity premia to be more fully realised. The only difference between the two is that the former has a daily
- 06/04/2017
Quantopian, the investment management firm that provides a free online platform to write investment algorithms, has made allocations of tens of millions of dollars to some of the best of its crowd-sourced algorithms.
The allocations range from USD100,000 to USD3 million per algorithm. These are the first allocations made with external money being managed by Quantopian.
The members of the Quantopian community receiving allocations live on five continents and in eight countries, including Australia, Canada, China, Colombia, India, Spain, and the US. They come from many walks of life, including data science, finance, engineering, software development, and academia.
- 06/04/2017
Street Contxt, a fintech company that helps brokerages, independent research providers and asset managers distribute, manage, unbundle and value research, has secured an investment by a funding consortium led by existing investor Joe Lonsdale of 8VC and including Point72 Ventures.
The round also includes substantial contributions from Palm Drive Capital, a New York-based VC firm that helps build strategic relationships in the Greater China Region; Portag3 Ventures, a member of the Power Financial Corporation group of companies; and other unnamed funds and industry veterans, which brings total funding raised to date to USD15 million.
Additional institutional participants in
- 06/04/2017
The next generation of liquid alternative products should focus on what asset allocators need in their portfolios, according to a report from alternative investment manager Beachhead Capital Management.
Generation Two Liquid Alternatives: Built to Meet the Needs of Asset Allocators, addresses two key questions for investors today – why were many investors disappointed with the first generation of liquid alternative mutual funds, and what better solutions are available going forward?
The report says that liquid alternative products created in the wake of the financial crisis (Generation One) often had three issues: poor performance, high fees and/or highly unpredictable performance. With short track
- 06/04/2017
Neptune Networks, a fixed income market network for pre-trade indications in bonds, has completed connectivity to FlexTrade’s buy-side EMS platform, FlexTRADER, to distribute pre-trade data to assist investors with liquidity and price discovery within existing workflows.
With 22 dealers committed to the platform, over USD110 billion of gross notional and more than 20,000 axe/inventory items updating real time across 11,000 individual bonds (including investment grade, high yield, emerging markets and select rates from 20 different denominations), Neptune continues to expand from its original focus on European corporate bonds to a portfolio that also reflects the global nature and reach of its
- 06/04/2017
MFS Investment Management has made a series of personnel appointments and organisational enhancements to its fixed income department, including naming regional heads for Europe and North America and seven research directors.
MFS is also creating new positions to address client customisation needs and career development within its fixed income research team.
"MFS has grown its fixed income franchise considerably over the last five years, adding investment professionals in the US, Canada and Europe,” says William J Adams (pictured), chief investment officer for global fixed income at MFS. “We believe this structure is more closely aligned with the growth of
- 06/04/2017
The board of directors of SIX has selected Sabir Sheikh to head up issuer regulation and Jared Bibler to be in charge of trading supervision at SIX Exchange Regulation.
The Swiss Financial Market Supervisory Authority (FINMA) has approved the selection. This means that the management committee of SIX Exchange Regulation, led by Corinne Riguzzi, is now fully staffed.
SIX Exchange Regulation is responsible for trading oversight and issuer regulation at all trading venues of SIX. It fulfils the regulatory responsibilities delegated to it by Swiss legislators under the self- regulation regime. SIX Exchange Regulation is independent of the trading
- 06/04/2017
Lyxor Asset Management has teamed up with Harmonic Capital Partners to launch the Lyxor/Harmonic Macro Fund, the first global macro strategy with daily liquidity on Lyxor’s Alternative UCITS Platform.
The new fund allows investors to leverage on investment opportunities created by the diverging paths of US and European monetary policies and economic activity.
Based on a fundamental analysis of global markets, the Fund specialises in relative value spread trading. Multiple independent investment strategies are traded across 36 markets and a broad set of asset classes (such as bonds, interest rates, G10 and Emerging currencies and equity indices).
This
- 06/04/2017
- 06/04/2017
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