Latest News
The Singapore Diamond Investment Exchange (SDiX) and the Multi Commodity Exchange of India (MCX) have formed a strategic alliance to launch spot and derivatives contracts on diamonds in India, including using the SDiX-traded reference prices.
The goal of this strategic alliance between SDiX and MCX is to develop, design and launch, with the relevant regulatory approvals, the first diamond derivatives contract of its kind anywhere in the world. The contracts will utilise actual traded spot prices for the daily and final settlement of diamond contracts. The MoU serves as the foundation for both exchanges to collaborate in the areas of
- 16/02/2017
Securing a third-country passport to access European investors is no longer viewed as the go-to solution it once was by the UK investment fund sector, according to Tim Hames, the Director General of the British Private Equity & Venture Capital Association (BVCA).
Hames was speaking as a panellist at the Guernsey Funds Masterclass in London on the impact of Brexit on fundraising. Fellow panellist, Phil Bartram, Partner at Travers Smith, agreed that the reality of Brexit had called into question what the best way to market to European investors would be going forward.
Under the Alternative Investment Fund Managers
- 16/02/2017
Convergence has launched Advisor Complexity Profile (Complexity), a new service designed to address the challenge of operational and business model transparency in the alternative asset management industry.
Complexity provides insight into all the major alternative asset classes, including hedge funds, private equity, real estate, venture capital, and structured asset funds, incorporating approximately 8,300 managers in more than 50 countries, and assigns each of them a high, medium or low complexity profile. It is designed to meet the needs for improved transparency and analysis for all the major industry participants: investors and asset allocators, assets managers, and service providers.
“The
- 16/02/2017
ACTIV Financial, a provider of real-time, multi-asset financial market data solutions and big xyt, a provider of cloud-based data and analytics solutions across large datasets, are to launch the ACTIV X-ray Store, allowing customers to access delayed tick data from global trading venues with a unique data quality including master data, trades, quotes and market depth.
Data is available for download, visualisation and analytics.
With the new functionality of the X-Ray Store customers now have access to: tick data for trades, BBO and market depth (market-by-price and market-by-order); convenient checkout via Paypal or Credit Card; download via http link; and coverage
- 16/02/2017
Though the market data industry has operated fundamentally in the same manner for over a generation, the advent of cloud-based service delivery is bringing change for the options available to the capital markets community.
TABB Group’s latest report, “Stairway to the Market Data Cloud: As a Service Model Comes to Market Data,” reviews progress in security, operations and API suites that now enable next generation delivery of cloud based market data services.
According to report author Terry Roche, who interviewed a select group of senior executives at both buy- and sell-side firms for the study, the time is ripe
- 16/02/2017
TIGF, the French natural gas system and storage operator, is to extend the operating schedule of market-based balancing operations on the Trading Region South hub via the PEGAS platform as of 15 February 2017.
TIGF’s interventions on PEGAS previously took place on weekdays only.
In order to cope with the latest regulations on balancing, TIGF has decided to extend its operations on PEGAS TRS Within-Day contract seven days a week. To limit operational risks, as well as organisational costs and constraints, TIGF decided to perform its interventions through a system of automatic algorithms. A strictly regulated and non-predictive mechanism, as
- 16/02/2017
Hedge fund performance is flat year to date, with Global Macro and CTAs down, while Fixed Income Arbitrage and Event Driven have outperformed, according to Lyxor’s latest Hedge Fund Brief.
Lyxor says that CTA and Macro managers suffered on their FX bucket and in particular on their long USD positions versus the Euro. Some Macro managers maintaining a preference for European equities were also penalised to the extent that the European equity market underperformed the US market. Some CTAs were penalized by long energy contracts within the commodity space.
On the positive side, Fixed Income Arbitrage and L/S Credit funds
- 16/02/2017
One of the persistent pain points for alternative fund managers is finding a way to streamline the investor onboarding process by automating the subscription document process. To date, this has remained a notoriously inefficient and error-prone set of processes, stymieing the ability for managers – both hedge funds and PERE funds – to bring investor capital into funds and put that capital to work in a timely fashion.
Focus on the front office
A recent survey by MergerMarket and Pepper Hamilton (Going the Distance: The Expanding Lifecycles of Private Equity Funds) finds that the entire lifecycle of PE
- 16/02/2017
Heptagon Capital has launched three new UCITS funds for US-based managers via it’s USD2 billion Irish UCITS fund company. This takes to 11 the total number of strategies now available to UCITS fund investors.
December manager launches resulted in a raise of USD145 million for the Emerging Market Equity strategy managed by Driehaus Capital Management in Chicago. In addition, USD25 million was raised for the Driehaus US Micro Cap Equity strategy, which has outperformed in 18 of its 20 years of existence, and whose composite is the top-performing US equity strategy of any style in the eVestment All US Equity
- 15/02/2017
Close to 70 per cent of fund manager clients, prospective clients and consultants attending a Northern Trust event on regulation believe that the upcoming regulatory environment will demand more of their time, compared with time spent over the past year.
Despite the increasing amount of time required to comply with regulatory compliance, the majority of those surveyed (60 per cent) had not considered utilising technologies such as Blockchain, big data, robo advisors and cognitive computing, to aid regulatory compliance.
“Whilst the time spent complying with new regulation remains one of the greatest challenges for fund managers, it is not surprising
- 15/02/2017
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