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Brickendon, the financial services management and technology consultancy, has appointed Gillian Christie as executive director of its first international office, based in New York.
Brickendon expanded its operations to the US to provide a strategic presence and grow its footprint.
Christie (pictured), who brings over 25 years’ of experience in financial services and consulting, will be responsible for guiding Brickendon through the process of entering the US market and competing against established names in the region.
An internationally renowned expert in how technological innovation, regulatory and capital markets changes intersect to shape and guide IT strategy, Christie previously
- 13/09/2016
American Depositary Receipts are an effective way for US investors to gain exposure to international stocks. Dorsey, Wright & Associates’ John Lewis (pictured) explains how using a momentum strategy can prove effective in building the right exposure to this instrument class.
Back in July 2014, the Sterling/US Dollar exchange rate was reached a high of USD1.71 but since then it has headed south, falling as low as USD1.29 following Brexit.
This downward trend has been a boon for US investors travelling to Europe on vacation. And whilst many have continued to focus their investment portfolios on US domestic stocks, the
- 13/09/2016
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.11 per cent in August, underperforming the HFRX Global Hedge Fund Index’s 0.16 per cent return by five basis points.
The Wilshire Liquid Alternative Multi-Strategy Index, which includes both single and multi-manager funds, ended the month relatively flat, returning 0.03 per cent in August.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
- 13/09/2016
TFG Financial Systems, a provider of real time risk monitoring solutions to investment managers, secured five new mandates in the third quarter from a Tier 1 bank, a mini-prime broker and three hedge funds globally.
TFG believes the demand for real-time, multi-asset risk management is being driven by a number of different factors, foremost among these being the need to reduce costs and reduce data duplication.
In parallel with this, both investors and regulators have increasingly high expectations which require a significant improvement in capabilities.
“Banks and hedge funds have been facing significant challenges since 2008,” says Barry
- 13/09/2016
The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value, according to a study by TABB Group.
According to conversations with 100 US head traders for the final instalment of TABB Group’s 12th annual benchmark study, “Broker Relationships in an Era of Full Disclosure: US Institutional Equity Trading 2016,” on why certain brokers were winning their order flow, 65 per cent of the buy-side mentioned liquidity and 48 per cent mentioned the broker relationship, while just 34 per cent said non-execution services.
Compared to 2015 overall, more buy-side
- 13/09/2016
Financial, economic and alternative data platform Quandl has completed a USD12 million Series B financing round led by Nexus Venture Partners.
August Capital, which led Quandl’s Series A financing, also participated in the round.
In conjunction with the funding round, Naren Gupta, founder of Nexus Venture Partners, has joined Quandl’s board of directors. Quandl’s funding now totals USD20 million.
Quandl will use the funding to expand its coverage of “alternative” data – data that offers predictive insights for capital markets, but has not been previously used in the finance industry.
“Alternative data is about to explode. We
- 13/09/2016
Asset manager Pictet Asset Management has appointed Tim Holland as co-head of US sub-advisory within its US intermediaries group.
"Over the past three years Pictet Asset Management has partnered with firms in the US to launch single strategy and multi-manager '40 Act mutual funds accounting for USD2 billion in AUM," says Liz Dillon, head of the US intermediaries group at Pictet Asset Management. "Tim's experience and knowledge in the sub-advised universe will add the next level of expertise to our team, reinforcing our success and commitment to the US sub-advised business."
Based in London, Holland (pictured) will focus on
- 13/09/2016
- 13/09/2016
Man Group has appointed Barry Schanker as head of US private wealth sales, based in New York.
He will report to Eric Burl, head of Man Americas.
Schanker joins Man Group from SkyBridge Capital, where he was head of sales and instrumental in the growth and service of the firm’s client base.
Prior to joining SkyBridge Capital, Schanker worked for Citigroup Alternative Investments and before that held positions at Salomon Smith Barney/Citi Smith Barney.
Burl says: “I am delighted to welcome Barry to Man Group. His considerable experience and expertise in the US market will be of
- 13/09/2016
The overall volumes that money market funds (MMFs) invest globally in asset-backed commercial paper (ABCP) will likely fall as the prime MMF industry shrinks, says Moody's Investors Service.
Nevertheless, ABCP will remain an important source of investment diversification for MMFs.
"Among money market funds that invest in ABCP, the share of ABCP assets relative to overall portfolio assets will likely only decline moderately," says Marina Cremonese (pictured), vice president – senior analyst at Moody's. "This is credit positive because the funds will not lose the benefit of investment diversification even as their investment strategies become more conservative."
In
- 12/09/2016
Amsterdam-based independent hedge fund specialist Theta Capital Management is celebrating its 15th anniversary this month.
Theta Capital welcomed its first investors on 1 September 2001 and has always been exclusively focused on investing in hedge funds on behalf of its clients.
Founder Tijo van Marle says: “We started with a capital base of around EUR20 million from friends and family. Investors had their own dedicated portfolio of hedge funds. And September 2001 turned out to be an interesting month to start. Equity markets were down 10 per cent while we and our clients lost less than 1 per cent.
- 12/09/2016
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