Latest News
Clients of Exchange Data International (EDI) will now have access to worldwide corporate actions, closing prices and reference data via The Beast Apps, in addition to the BondΣ service, which is already available.
By partnering with The Beast Apps, EDI is enabling clients to gain a more detailed view of their holdings and accurately calculate the risk of their portfolios.
Clients can benefit from The Beast App’s experience in making access to data available using Excel, browser and mobile devices and EDI’s knowledge of market data and analytics.
This collaboration combines EDI’s services with BeastExcel technology from The
- 24/01/2017
- 24/01/2017
The SS&C GlobeOp Forward Redemption Indicator for January 2017 measured 2.60 per cent, down from 5.67 per cent in December.
"SS&C GlobeOp's Forward Redemption Indicator for January 2017 was 2.60 per cent, up from 2.31 per cent reported a year ago for January 2016," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "Although somewhat higher than last year's level, the increase was well within the normal range of variation. Overall, the 2.60 per cent for January 2017 was the fourth lowest month of redemptions in the past five years."
The SS&C GlobeOp Forward Redemption Indicator represents the
- 24/01/2017
A majority of eight to three of the Supreme Court judges has found in favour of Gina Miller’s (pictured) campaign that the UK Government cannot trigger Article 50 to begin the formal process of leaving the European Union without an Act of Parliament.
To proceed otherwise would be a breach of settled constitutional principles said Lord Neuberger.
Interviewed for Global Fund Media’s AlphaQ magazine in December, Miller explained her reasons for launching the campaign, saying: “It was the same reason I do everything,” she says. “Transparency, accountability and scrutiny. We have a process of law and Parliamentary sovereignty and only Parliament
- 24/01/2017
Law firm Dechert has expanded its financial services practice in Hong Kong with the addition of Michael P Wong.
Wong (pictured) joins the firm as a partner and was most recently at K&L Gates.
“We are very pleased to welcome Michael to Dechert,” says Peter Astleford, co-chair of the firm’s financial services group. “Michael has already established a noteworthy and growing practice at his previous firm for global and PRC clients. By moving to our platform, we all anticipate that Michael’s and our clients will get a more integrated and better global service than ever before.”
Wong’s practice
- 24/01/2017
Trading Technologies (TT) has appointed Michael Kraines as chief financial officer (CFO).
Kraines will be responsible for finance, planning, strategy and business development.
Prior to joining TT, Kraines spent 25 years as an investment banker in the financial technology sector, executing over USD35 billion of market structure sector transactions.
Kraines joins TT from Sandler O’Neill + Partners, where as a managing director he led the financial technology effort and advised on transactions across every aspect of the market structure sector since 2004. Previously Kraines was a managing director in the financial institutions group with Wasserstein Perella since 1992,
- 24/01/2017
- 24/01/2017
Hedge funds outperformed equities and bonds on a risk-adjusted basis in 2016, producing net gains for their investors worth around USD120 billion, according to the Alternative Investment Management Association (AIMA) and data provider Preqin.
Hedge funds’ risk-adjusted return, as measured by the Sharpe ratio, was 1.45 for the year, ahead of the S&P 500 (1.1), MSCI World (0.68) and Barclays Global Aggregate (0.20) indices, according to AIMA and Preqin.
The analysis, based on a database of more than 3,000 funds, found that hedge funds also outperformed stocks and bonds on a risk-adjusted basis over three years and five years.
- 24/01/2017
Hedge funds were up 1.22 per cent in December, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The index ended 2016 with a gain of 6.20 per cent.
All but one of Barclay’s 17 hedge fund indices gained ground in December. The European Equities Index led the way with a 1.96 per cent gain, Global Macro gained 1.87 per cent, Distressed Securities gained 1.86 per cent, the Event Driven Index was up 1.70 per cent, and Equity Long Bias added 1.54 per cent.
“The ‘Trump bump’ in the US and positive economic news in Europe continued
- 24/01/2017
International investors will be able to access the domestic Chilean capital markets with increased ease as of 1 February 2017, following close cooperation between the Chilean Ministry of Finance and Euroclear to align the country’s post-trade processes with international standards.
For the first time, Republic of Chile government bonds, denominated and payable in pesos have simultaneously been made available to domestic and international investors, in accordance with the financial integration agenda promoted by the Chilean government.
The government bonds offered and sold to international investors representing approximately 20 per cent of the global issuance, were settled through Euroclear Bank’s
- 24/01/2017
Professional Partners Administration has reached an agreement to sell its authorised corporate director (ACD) operation, Fund Partners, to independent Luxembourg-based fund management company FundRock Management Company.
Subject to regulatory approval and final contract details, the two parties hope the agreement will be signed and sealed within the next two to three months.
Professional Partners chairman Paul Wilcox says: “We acquired Fund Partners from IFDS a few years ago, where it operated more or less as a service company for fund managers using their administration services.
“We have worked hard on turning it into the UK’s leading independent ACD
- 24/01/2017
- 24/01/2017
Visible Alpha has acquired ONEaccess, a corporate access, resource tracking and broker valuation platform with more than 185 contributing sell-side firms and 150 buy-side client firms.
The purchase of ONEaccess will enable Visible Alpha to accelerate its goal of changing the way investment professionals uncover and measure insights from sell-side content, including research, financial models and corporate access.
Since its inception in 2014, ONEaccess has been fostering improved collaboration between brokers and their clients. Its sell-side solutions have brought greater efficiencies and transparency to the distribution, control, and reporting of broker content. Through a single access point, sell-side clients can
- 23/01/2017
- 23/01/2017
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