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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
- 14/03/2017
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
- 14/03/2017
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
- 14/03/2017
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."
- 14/03/2017
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
- 14/03/2017
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.
- 14/03/2017
ML Capital has launched the Quest Convertible Absolute Return UCITS Fund, a convertible arbitrage strategy, hosted on the MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provide investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
The MontLake Quest Convertible Absolute Return UCITS Fund uses a fundamentally and quantitatively driven strategy that yields superior risk-adjusted, uncorrelated returns. This strategy seeks to capitalise on the global macro cycles of equity, credit and interest rates that drive the constantly changing valuations in the convertible universe.
Quest's investment philosophy is
- 14/03/2017
Dechert’s Matthew Kerfoot (pictured) comments on FSB’s newly issued Policy Recommendations on the use of leverage by investment funds…
In marked contrast to the emerging US deregulatory climate, the Financial Stability Board (FSB) has issued Policy Recommendations to regulate the use of leverage by investment funds. The FSB classifies fund leverage in two ways: balance sheet and synthetic leverage. Balance sheet leverage refers to traditional cash financings through bank lines of credit, prime brokerage margin finance and similar direct financings. The FSB defines synthetic leverage as financing obtained through total return swaps and other types of derivatives transactions.
Fund finance and
- 13/03/2017
Bloomberg has signed an agreement to become the corporate sponsor of the EDHEC Business School’s MSc in Financial Markets.
Students studying the Financial Economics track of EDHEC's MSc in Financial Markets can now access the Bloomberg Professional service, or Terminal, which has more than 325,000 business and financial subscribers worldwide.
The Bloomberg Professional service is a software platform providing trusted real-time and historical data, market moving news and analytics to help business and financial professionals make better informed investment decisions. The service also features execution platforms for every asset class, research and a global network to communicate securely and
- 13/03/2017
The Lyxor Global Macro index outperformed during the first week of March, up 1.3 per cent.
More generally, it was a strong start to the month for hedge funds, according to Lyxor’s latest Weekly Brief.
The Lyxor Hedge Fund Index was up 0.8 per cent last week, after having delivered 1 per cent in February. All the strategies ended the week in positive territory, and although Event-Driven lagged somewhat (+0.2 per cent), it remains the best performing strategy year to date.
Lyxor Cross Asset Research writes: “Is alpha back? There has been much discussion recently about the fact
- 13/03/2017
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