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Concern about the impact of geopolitical risk in the investment profession has grown since the UK’s decision to leave the European Union in July 2016, according to a poll of almost 1,500 investment professionals from around the world by the CFA Institute. The survey reveals that changes to the geopolitical environment are widely expected to have long-term impacts on the financial markets.   The vast majority of respondents (70 per cent) expect investment returns to be compromised by geopolitical uncertainties over the next three to five years.   Despite the risks identified by members in the poll, a large majority
TABB Group, a research and consulting firm focused on capital markets and financial technology, has hired Drew Seldin as chief marketing officer (CMO) and Radi Khasawneh and Tim Cave as additions to the analyst team.  Based in New York for the newly created role of CMO, Seldin will be part of TABB’s executive management team and will be responsible for managing TABB’s marketing and distribution efforts and staff.   His extensive background in marketing and publicity includes his work as the driving force behind the team that reshaped the Martha Stewart brand. He most recently served as the creator and
INDATA, a provider of software, technology and services for buy-side firms, has made functionality enhancements geared towards the MiFID II implementation date of January 2018. More than 350 changes have been made to the iPM Epic software suite.   Numerous User Interface (UI) changes and data aggregation tools have been made to harness data from external systems for complex compliance rule calculation and handling on a more granular level.   Streamlined workflows for efficiently capturing and storing internal and external data across the front, middle and back-office have been implemented. The updates provide full reconciliation capability and audit trail resulting
Brickendon, a global management and technology consultancy, has promoted two executive directors to partner. Nathan Snyder, head of the firm’s US business, and Lee Pittaway, head of business development, will take on the new positions immediately as part of wider plans to boost the company’s management structure and give staff greater responsibility in the running of the firm.   Over the past year Brickendon has appointed a new chairman and non-executive director. Earlier this year, the firm issued employees a stake in the company and increased opportunities for internal promotion in a bid to help staff play a larger part
Pacific Fund Systems (PFS), a provider of fully integrated fund administration software via its PFS-PAXUS application, has appointed Didier Lucotte as cloud services manager in the firm’s European operations team. Lucotte, who will based in the group’s Isle of Man office, is an experienced cloud project manager having previously served in this role with a UK listed telecoms company.   His role will encompass bringing the PFS-CLOUD initiative online and subsequently managing new and existing client migration onto the PFS-CLOUD.   As part of the new service PFS will offer its core software products, PFS- PAXUS and PFS-CONNECT via a
Hedge funds gained 0.99 per cent in February with underlying markets, as represented by the MSCI AC World Index (Local) up 2.72 per cent over the same period, according to EurekaHedge’s latest Index Flash Update. On a year-to-date basis, managers gained 1.93 per cent with 11 per cent of them posting returns in excess of 5 per cent.   Among developed mandates, North American hedge funds were up 0.77 per cent, followed by European and Japanese counterparts which gained 0.46 per cent and 0.30 per cent for the month respectively. On a year-to-date basis, North American managers were up 1.78
London-based Feedstock is operating a research platform that offers buy-side fund managers a one-stop-shop to managing their research activities under MiFID II. Feedstock acts as a productivity tool by integrating with a buy-side firm’s email system. By filtering through the hundreds of research reports that are sent on a daily basis, the system prioritises only the most relevant research.   As everything is powered by machine learning behavioural algorithms, it means that over time, the more research a fund manager consumes, the more detailed a picture of their research preferences begins to emerge.   “Under MiFID II, firms will need
The G10-Rosseau Special Situations Fund (US) LP, managed by Rosseau Asset Management of Toronto, earned the top position in 2016 among the 4,099 hedge funds tracked by BarclayHedge with a 156.32 per cent annual return.  Rosseau funds also took the second and sixth spots with returns of 155.94 per cent and 128.89 per cent, respectively.   Warren Irwin, president and chief investment officer, says: "The strong rebound in the resource sector was very refreshing after years of challenging markets. We spent the downturn focused on finding the best special situations available and were rewarded handsomely for our efforts in 2016."   
A synchronised recovery in the world economy is making investors more optimistic, though there remain risks for equities, says Robeco’s Lukas Daalder. The Dow Jones Industrial Average managed to set 12 consecutive record highs in February, while the positive sentiment accruing from consistently strong economic data shows no signs of abating.   However, a heavy upcoming political agenda, and the continuing unease over the wild rhetoric of new US President Donald Trump means Robeco remains neutral on equities for now.   “Underlying data has continued to be predominantly positive across the regions of the world, with especially Europe surprising on
The US Commodity Futures Trading Commission (CFTC) is extending the comment period on its proposed capital requirements applicable to swap dealers and major swap participants for an additional 60 days. The original comment period was to expire on 16 March 2017.   As extended, the comment period will expire on 15 May 2017.   Notice of the extension will be published in the Federal Register. All comments will be posted on CFTC’s website.

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