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For the third consecutive month, over 70 per cent of all hedge funds produced positive results in February, according to eVestment’s latest Hedge Fund Industry Performance Report.
eVestment writes that the industry has needed to show consistency and decent returns to stem redemptions. Returns in 2017, and over the last 12 months, are much needed positive signs.
After average losses of 6.74 per cent in the last six months, and redemptions accelerating from the universe in Q4 2016 and into 2017, the largest managed futures funds excelled in February, returning +3.36 per cent, their best month since June 2016.
- 09/03/2017
Broadridge Financial Solutions has extended its global post-trade control capabilities for sell-side and buy-side firms in capital markets through the acquisition of Message Automation, a provider of post-trade control solutions.
"Broadridge is a global leader in driving technology innovation and business model transformation. The addition of Message Automation will enhance our ability to help companies to reduce risk and enhance compliance while improving operational efficiency," says Charlie Marchesani, president of the global technology and operations division of Broadridge.
"This is the third acquisition related to broadening our post-trade and data analytics capabilities. These recent acquisitions in securities financing, collateral
- 09/03/2017
- 09/03/2017
Risk technology specialist Numerix has acquired TFG Financial Systems, a real-time risk, P&L and position management system.
TFG’s dependency graph capabilities, at the heart of its SaaS risk and portfolio management software and technology framework, will be leveraged to provide core real-time, distributed, event-driven processing capabilities in Numerix Oneview enterprise trading and risk solutions.
“Built on a real-time, distributed, fault tolerant, event-driven calculation framework with dynamic directed graph technology, TFG is a state-of-the-art software built for real-time systems. We’re proud to be adding the highest level of performance for front office real-time scenarios – spanning solutions for automated structured
- 09/03/2017
- 09/03/2017
Linedata is extending its partnership with Morningstar in the area of fixed income and credit derivatives to include its Fund Services clients.
Linedata says that as the search for returns in a difficult investment climate progresses, the investment management community is investing in diverse global fixed income products, requiring accounting systems to have robust and flexible asset coverage.
The growth of alternative mutual funds and the increase in popularity of direct lending in private equity type structures require accounting systems to meet this challenge.
“As the global fixed income market becomes more complex and as more managers move
- 09/03/2017
The Diversified Trend Program of Transtrend, an asset manager specialising in systematic trading strategies, has been added to the Kettera Strategies Hydra platform.
Established in 1991 and based in Rotterdam, the Netherlands, Transtrend has over 25 years of experience in researching markets and managing systematic trading strategies for its clients.
Transtrend’s Diversified Trend Program (USD5.2 billion in assets, including notional funds) seeks to profit from trends in a large variety of futures and forward markets across all asset classes − foreign exchange, commodities, interest rates and equity related markets. The programme is known for its non-linear correlation with other
- 09/03/2017
Hathersage Capital Management, a global macro investment manager specialising in G10 currencies and absolute returns, has won the Best Foreign Exchange Hedge Fund award at the Hedgeweek Global Awards 2017 ceremony in London.
Hathersage manages the Citi Access Hathersage G10 Macro Access Strategy.
Hedgeweek Global Awards 2017 for excellence among hedge fund managers were determined by the votes of Hedgeweek readers who include investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.
Established in 2003, Hedgeweek is the industry's leading digital publisher covering
- 09/03/2017
Cowen Prime Services, the prime services division of Cowen Group, has been named Best Global Prime Broker at the 2017 Hedgeweek Global Awards.
This is the second consecutive year that Hedgeweek has honoured Cowen Prime Services with this award.
The Hedgeweek Global Awards celebrate excellence among hedge fund managers and service providers and celebrates the achievements of firms that contributed to another significant year for the sector. The winners, who were presented with their awards in London on 3 March, were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at
- 09/03/2017
Dixon Boardman, CEO and Founder of Optima Fund Management with USD3 billion under management comments on the famous Warren Buffett bet with Protégé Partners.
Boardman writes that Buffett won the bet, but lost the argument.
“We are great admirers of Warren Buffett. He is undoubtedly one of the greatest investors, having chalked up a remarkable record with Berkshire Hathaway.
However, we take exception to his disparagement of hedge funds in his recent annual letter to shareholders. He famously made a bet with Protégé Partners, the fund of funds group, that a passive investment in the S&P 500 Index would outperform
- 08/03/2017
- 08/03/2017
CBL Markets, a spot exchange operator for environmental commodity markets, has appointed John Melby to its board of directors.
Melby (pictured) is the managing partner of an independent consultancy where he advises major energy companies, financial institutions, governmental agencies and exchanges on energy and environmental markets.
“We are delighted to welcome John to the CBL Markets board as he brings a wealth of knowledge in environmental and energy markets,” says Donald H Putnam, chairman of CBL Markets. “Our team and clients will benefit from his expertise as we continue expanding into new markets and products.”
Previously, Melby was
- 08/03/2017
- 08/03/2017
Advanced Logic Analytics (ALA), a provider of enterprise wide big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, has launched its core big data analytics platform, ALA OneLogic.
ALA OneLogic was developed to provide advanced big data analytics capabilities for financial markets firms requiring powerful mining, processing, managing and analysis of their enterprise-wide information assets and external data sources, in one optimised platform.
Nick Ellis (pictured), managing director at ALA, says: “Big data is complex and in itself it does not create value. Firms that are able to become masters of data through
- 08/03/2017
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