Latest News
There has been a distinct shift of research budgets away from the top nine investment banks, according to an analysis of the readiness of asset managers for the research unbundling rules coming into effect in January 2018.
The survey from RSRCHXchange shows just 13 per cent of respondents are expecting to pay for research from all of the largest banks and 72 per cent expect to use research from less than five banks.
The dominant market share of the global investment banks is likely to come under pressure with 67 per cent of respondents expecting these banks to constitute
- 12/01/2017
Alternative UCITS indices performed strongly during December across almost all strategy styles, according to the latest LuxHedge Alternative UCTS Overreview.
The LuxHedge Global Alternative UCITS Index representing 1,352 funds increased with 0.76 per cent, slightly underperforming the broader Hedge Fund market: HFRX Global Hedge Fund Index 0.86 per cent.
Except for the commodity arbitrage UCITS index (-1.67 per cent) which is the smallest category representing 11 funds, all LuxHedge UCITS indices ended the month of December with positive performance.
Top performers were long/short equity funds as measured by the Long/Short Europe UCITS Index (+2.00 per cent). CTA/managed futures
- 12/01/2017
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.20 per cent in December, underperforming the 0.86 per cent monthly return for the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, returned 0.38 per cent in December.
The Wilshire Liquid Alternative Equity Hedge Index, which includes long/short equity and market neutral funds, gained 0.29 per cent in December, outperforming the HFRX Equity Hedge Index by 11 basis points. Long-biased equity managers were the largest contributors to Index performance,
- 12/01/2017
Exchange Data International (EDI), a provider of global security corporate actions, reference data and end-of-day pricing, has launched a Worldwide Cost Basis service (WCB).
The WCB service has been designed to enable users to track both a security’s cost basis, its evolution and all its descendant’s cost basis and evolution up to the current date.
The service includes all events that affect cost basis and the number of units. The WCB information is delivered via FTP, either via exchange or on a portfolio basis.
The events covered by the WCB service are: bonus; merger; capital call; return of
- 11/01/2017
The European Energy Exchange (EEX) saw a significant increase in trading volumes in 2016, setting new records in its core markets – power, gas and CO2 markets – and also achieving growth in new market segments.
“In 2016 we succeeded in further strengthening our position as the leading energy exchange – in particular, in our core markets, while achieving significant growth in our new markets,” says Peter Reitz (pictured), chief executive officer of EEX. “Our customers benefit from one-stop-shop access to a broad range of energy and commodity products. In 2017, we will continue to work on increasing market shares
- 11/01/2017
- 11/01/2017
Sprott has appointed Ron Dewhurst to its board of directors, effective 9 January 2017.
He will stand for re-election at the company's next annual general meeting.
“With more than 40 years of experience in the asset management and investment banking industries, Ron has a long track record of guiding the growth of successful asset managers and we are pleased to welcome him to the board,” says Peter Grosskopf, chief executive officer and director of Sprott.
Over the course of his career, Dewhurst has held many senior leadership roles in the US and Australia, most recently serving as executive vice
- 11/01/2017
- 11/01/2017
Active asset manager Quaero Capital is expanding into Asia with licensed local fund distributor Peak Capital to promote Quaero’s Family Enterprise Fund and other high conviction investment strategies to professional investors in the region.
Quaero Capital is a specialist asset management boutique based in Geneva with offices in London and Paris. Its approach is to ‘hot house’ new and exciting investment strategies, testing them in the market place with a view to generating excess returns over the long term for its investors.
Quaero Capital managers Marc St John Webb and veteran investor Philip Best are well known in Europe
- 11/01/2017
New York law firm Kleinberg, Kaplan, Wolff & Cohen has appointed Jared R Gianatasio, Jason W Soncini, and Christopher M Terry as partner at the firm.
"Jared, Jason and Chris each have a proven track record of excellence and a commitment to exceptional client service,” says managing partner Andrew Chonoles (pictured). “They have shown a great ability to collaborate with their colleagues and to advise clients on complex legal issues to help them achieve their goals. We are honoured to call them partners, and look forward to their future successes.”
Gianatasio has extensive experience representing market participants in the
- 11/01/2017
Linedata has launched a new version of its fund accounting solution, Linedata Mfact.
Based upon client feedback and an evaluation of market trends, Linedata Mfact offers a range of improvements designed to deliver increased operational efficiency and compliance with stringent regulatory requirements.
The new release offers greater integration with Linedata’s business process management tool, Linedata Optima, which offers customisable tools that sit across Linedata’s suite of fund services products. This increased integration is designed to automatically bring areas of potential concern and improvement directly to the users’ attention, without the need for detailed examination of reports, as well as
- 11/01/2017
- 11/01/2017
Wall Street Horizon and Estimize have partnered to provide their respective datasets to each other’s platforms in an effort to help investors find additional sources of alpha.
Effective immediately, Wall Street Horizon Enchilada subscribers will have access to Estimize’s crowdsourced earnings and economic estimates, and Estimize’s clients will have access to Wall Street Horizon’s forward-looking earnings date calendar.
Quantitative and systematic investors use Wall Street Horizon’s and Estimize’s unique datasets in a variety of different ways to generate alpha. These firms rely on the accuracy of Wall Street Horizon’s earnings dates and Estimize’s earnings estimates to forecast upcoming volatility
- 10/01/2017
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