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Fincad, a provider of valuation and risk analytics, has added coverage for mortgage-backed securities (MBS) and structured fixed income securities to its F3 solution via integration with data analytics providers AD&Co and Intex.
Buy side firms can use F3 to hedge exposure and perform scenario analysis across their entire multi-asset portfolio, including derivatives, MBS and related sectors.
“To combat low interest rates and achieve higher returns, more buy side firms are adopting sophisticated investment strategies and adding new asset classes, such as MBS and structured fixed income,” says James Church (pictured), vice president, product management and R&D, Fincad. “Based on
- 02/11/2016
Multi-strategy hedge fund manager Elliott Management Corporation, through an affiliate, is to acquire a controlling interest in Aeolus Capital Management (ACM) and its affiliated entities.
The transaction is subject to the completion of definitive documentation and regulatory approval and is expected to be completed before year end.
The selling shareholders – Peter Appel, founder of ACM, and Allied World Assurance Company – will each retain significant minority ownership positions, with Appel continuing to serve ACM as its non-executive chairman and Allied World continuing as a substantial capital provider to the investment funds managed by ACM.
The ACM management
- 02/11/2016
Following the completion of its acquisition of Cantab Capital Partners in October, GAM has launched its first purely quantitative equities UCITS fund, GAM Systematic Global Equity Market Neutral.
The fund was developed by the Cantab investment team, which now operates within GAM Systematic and uses a disciplined and systematic investment process. The new fund invests in the 2,500 most liquid equities globally, employing multiple proprietary models – both fundamental and behavioural – to identify the relative attractiveness of each stock. This results in a highly liquid, diversified equities portfolio with extremely low correlation to global equity markets and within a
- 02/11/2016
- 02/11/2016
Candriam Investors Group, a European asset manager owned by New York Life Investment Management (NYLIM), has appointed César Zeitouni as head of long short equity.
"We are delighted to welcome César to the absolute performance management team, at a time when such expertise is being increasingly regarded by investors as a strategic investment,” says Fabrice Cuchet, head of alternative management at Candriam. "He is a highly experienced operator in the new technologies sector and in long short equity who has come to us to drive the launch of a new strategy in the field of the digitisation of the economy."
- 02/11/2016
Activist hedge funds often push the management teams they target to pursue a sale of the company, which is the only reliable strategy for generating a return for themselves and the shareholders of the companies they target.
This is according to “Activism Mergers,” a study released by the University of North Carolina Kenan-Flagler Business School.
The study was conducted by UNC Kenan-Flagler finance professors Anil Shivdasani and Nickolay Gantchev and Nicole Boyson of the D’Amore-McKim School of Business at Northeastern University, and will be published in the Journal of Financial Economics. It analyses more than 2,000 hedge fund activist
- 02/11/2016
In October 2016, the monthly volume on EEX’s power derivatives market amounted to 410.1 TWh, increasing by 52 per cent from October 2015 figure of 270.1 TWh.
The volume increase in power futures for the Germany/Austria (+57 per cent), France (+53 per cent) and Spain (+246 per cent) market areas contributed to this overall volume.
With almost 10 TWh, EEX achieved a new monthly record in Spanish power futures (October 2015: 2.8 TWh). In addition, with an increase in the use of power options, EEX registered a total volume of 27.2 TWh, of which 23.9 TWh were registered in Phelix
- 02/11/2016
Investment managers are expecting significant growth in terms of assets under management (AuM) and revenue in the next three years, according to a survey by investment management solutions provider SimCorp.
The majority of the surveyed firms cited ‘provision of superior service’ and ‘product innovation’ as the main areas of focus for supporting growth.
In the survey – Unlocking Growth Through Innovation – which was conducted by Lindberg International and was supplemented by qualitative interviews by Citisoft, representatives from 83 investment management firms from Europe, North America and Asia Pacific were asked to project their annual growth rates in the
- 02/11/2016
Data-drive asset manager ACSI Funds has launched its inaugural exchange-traded fund, the American Customer Satisfaction Core Alpha ETF (BATS: ACSI), which sheds light on customer satisfaction for more than 350 national brands.
In 1994, ACSI Funds’ sister company, the American Customer Satisfaction Index (ACSI), created the only national cross-industry measure of customer satisfaction, which uses a proprietary econometric model to gather and interpret data. This signal has provided the basis for ACSI’s hedge fund offering, which was launched in 2006.
The ACSI Funds ETF provides investors with core US equity exposure by interpreting ACSI’s exclusive data to build a
- 02/11/2016
The fourth annual Cayman Alternative Investment Summit (CAIS), scheduled for 15-17 February in the Cayman Islands, will convene leading thinkers and decisions makers from across the industry as they explore this year’s theme, “Defying Gravity: The Future of Alternative Investments in Exceptional Times.”
In a change of venue, CAIS 2017 will be held at the brand new, Kimpton Seafire Resort + Spa, which is owned by Dart Enterprises, the host sponsor for CAIS.
The Cayman Islands, with over 11,000 regulated funds, has long been a home for the alternative industry. So it’s no surprise that CAIS regularly draws some of
- 02/11/2016
Offshore global law firm Carey Olsen has retained its tier one position in Guernsey and Jersey for both its financial and corporate and investment funds advice in International Financial Law Review 1000 (IFLR1000).
IFLR1000 rankings are based on independent research over a 12-month period and serve as a definitive guide to the world’s leading financial law firms.
Clients said of Carey Olsen: “The best offshore law firm both in terms of service and for technical capability and drafting”, “very fast, strategically helpful advice” and "responsive, technical and excellent to deal with”.
A total of 20 Carey Olsen lawyers
- 01/11/2016
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