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Hazeltree, a provider of integrated buy-side treasury management solutions, has added BlackRock to the partner network of Hazeltree LiquidityWeb, an integrated cash management and sweep platform.
The partnership provides mutual clients with an efficient way to manage cash and sweep unencumbered free cash to BlackRock money market funds.
Treasurers look to BlackRock for investment solutions that seek to meet their cash needs of safety, liquidity and yield. Over multiple interest rate cycles and varying market conditions, BlackRock has managed cash portfolios for many types of institutional investors including corporations, banks, insurance companies, private equity firms, and hedge funds.
BlackRock
- 11/10/2016
The Anti-Money Laundering Directive (AML), the EU-US Privacy Shield and the Market Abuse Directive (MAD) and Regulation (MAR) are the three biggest regulatory pressures across EMEA, according to research by data virtualisation specialist Delphix.
The study into the regulations most difficult to comply with from a data and reporting perspective, warns that organisations are worryingly behind in developing the data architectures needed to meet evolving reporting demands and need to overhaul data delivery practices.
Over half (59 per cent) of respondents cited ‘delivery’ as a number one challenge in their day to day operations, with over a third (38 per
- 11/10/2016
Crow Point Partners, a USD2.5 billion global alternative asset manager, has completed the rollout of LiquidityBook’s SaaS-based LBX Buyside POEMS (portfolio, order and execution management system) across its front, middle and back office operations.
Implemented in mid-2016, the LBX suite is a replacement of the Eze Software Investment Suite, which, according to Crow Point’s head of trading and co-portfolio manager Peter DeCaprio (pictured), had heavy infrastructure needs and costly downstream connectivity demands of its broker counterparties.
Crow Point is using LBX to support all of its global, multi-asset trading, which includes equities, options, futures, fixed income and FX. In addition to using the platform’s execution, order and portfolio management (real-time NAV,
- 11/10/2016
100 Women in Hedge Funds’ (100WHF) annual London Gala raised more than GBP500,000 in support of SkillForce, a charity that seeks to transform the lives of young people through motivational mentoring and education programmes delivered mostly by ex-services personnel.
The 100WHF London Gala was held on 10 October at Middle Temple Hall in London, with the support of more than 200 leaders from the alternative investment industry.
Alexandra Jung (pictured), partner and co-head of European investments at Oak Hill Advisors, received 100 WHF’s 2016 European Industry Leadership Award in recognition of her example and advocacy of mentorship for future
- 11/10/2016
Hedge funds were up 0.5 per cent during September, outperforming underlying markets as represented by the MSCI AC World Index (Local) which gained 0.19 per cent over the same period.
Close to 63 per cent of underlying constituent funds for the Eurekahedge Hedge Fund Index were in positive territory, with majority of them being long/short equity mandated.
Japan hedge funds led performance among regional mandates, up 1.35 per cent ,while distressed debt managers topped the table across strategies, gaining 1.07 per cent over the same period.
As of 2016 year-to-date, hedge funds are up 3.35 per cent with
- 11/10/2016
- 11/10/2016
The introduction of compulsory flexible working hours would open the floodgates to more women working in the UK financial services industry, according to Sturgeon Ventures, a regulatory incubator firm.
Sturgeon has submitted four pledges to HM Treasury’s Women in Finance Charter, which has been released by the UK government this week.
Sturgeon is also launching a campaign for the government to initiate tax breaks for those start-up companies in which women account for at least half of senior management.
Seonaid Mackenzie, managing partner at Sturgeon, says: “There are many women all across the UK with a tremendous amount
- 11/10/2016
River Road Asset Management has appointed William W Yang as portfolio manager with responsibility for managing the firm’s new International Value Equity Strategy.
“Developing an international capability has long been a part of River Road’s aspirational business strategy,” says River Road chief executive officer, R Andrew Beck. “Following a multi-year search, we were able to identify Yang as a successful international investor who fit ideally with both the firm’s proprietary Absolute Value investment style and passionate, team-based culture.”
Yang brings nearly 15 years of investment experience to the firm. Prior to joining River Road, Yang served as senior portfolio
- 11/10/2016
Elixium, a regulated multilateral trading facility (MTF) for collateral and secured deposits, has executed its first collateral financing transaction between buy-side collateral and liquidity providers.
Citibank, as cash management agent, executed on behalf of CME Clearing Europe, while Insight Investment executed on behalf of a UK Pension Fund. The trade took place on 6 October.
Elixium is designed to specifically address the impact of regulation, balance sheet pressures, and deteriorating levels of liquidity in the repo market by providing participants with collateralised liquidity on a fair, transparent, low-cost and equitable basis. It was created in response to the market
- 11/10/2016
Apex Clearing, an independent, full-service clearing firm, has launched its Apex Prime brokerage offering for hedge funds with up to USD200 million in assets under management.
Apex Clearing has put together a team headed by former Convergex executive John Mollica and has added former Goldman Sachs executive Brian Duggan as a strategic adviser to the business.
Apex Clearing's move into prime brokerage coincides with a major industry shift that has left a growing number of small and mid-sized hedge funds in need of services no longer being offered by bigger firms. Increased regulatory pressure since the 2008 financial crisis
- 11/10/2016
Management and technology consultancy Brickendon has merged with Spaarks, a software consultancy specialising in rapid technology-led business solutions.
The merger is expected to grow the combined business by 150 per cent over the next 12 months. The combined group will have an expanded range of solutions to further support clients in the financial services market.
Since Brickendon launched in 2010, the company has achieved 200 per cent growth per annum. It recently opened an office in New York City.
By consolidating its services with Spaarks, Brickendon will gain new global opportunities, including a foothold in Australia’s financial services
- 10/10/2016
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