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More than 150 senior executives from across the hedge fund industry have attended the first meeting of the new Data Management Working Group for the Alternatives Industry (DMWGAI).
Developed over months of work by a core group of industry leaders, the DMWGAI’s mission is to create a strong culture of data management within the alternatives investment industry.
To achieve this mission, the DMWGAI will seek to find solutions to data management issues, improve the quality of data within the industry, foster a strong culture of data management within the alternatives sector, and develop and promote awareness of data management
- 10/03/2017
Man Group has appointed Michelle McCloskey as president of Man Americas.
In this newly created role, McCloskey (pictured) will work with the Americas sales team, under Eric Burl's leadership as head of Man Americas, to deepen relationships with investors in the Americas.
McCloskey also remains president of FRM, where she will continue to work with Keith Haydon, CIO, and Mike Turner, COO, in leading the business, which is overseen by Man Group’s president, Jonathan Sorrell.
McCloskey joined Man Group in 2006. She became a senior managing director of Man FRM and a member of Man Group’s executive committee
- 10/03/2017
- 10/03/2017
Traditionally, hedge funds and private equity firms have allocated significant capital budgets to build out their own sophisticated Communication (Comm.) Rooms, which can take months to provision and bring online. With servers to buy and install, software to license and configure, and voice/networks to deploy – not to mention recruiting, hiring, and managing expensive and hard-to-find IT talent – it’s no wonder cloud solutions have emerged as the dominant choice for computing infrastructures at investment firms large and small.
Not surprisingly, many investment management firms – including those with well-established in-house infrastructures – are making the move to the cloud
- 10/03/2017
Invast Global, a Sydney-based prime services provider, has been named Best Specialist Prime Broker at the 2017 HedgeWeek Global Awards.
With a unique peer-review voting structure, the Hedgeweek Global Awards have grown to become one of the most prestigious and eagerly anticipated awards in the global hedge fund industry.
During an elegant luncheon ceremony held amongst the opulent halls of the Reform Club in London’s Mayfair district, Australian-based, Japanese-backed multi asset prime broker Invast Global was voted HedgeWeek Global Awards 2017 Best Specialist Prime Broker. Past winners of the Best Prime Broker award are Societe Generale Prime Services (2015)
- 09/03/2017
- 09/03/2017
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
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