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AlphaDesk, a cloud-based software provider to hedge funds and other investment managers, has released a fast-track deployment of its front-to-back, multi-asset, integrated order and portfolio management system (OMS/PMS).
The new release will provide start-up and emerging funds managers with AlphaDesk's core functionality within a pre-defined configuration and a select number of integrations and interfaces.
There are no implementation fees, and installation and training takes place across a few weeks, not months. A full 90-day refund warranty is also included.
Nick Straatsma (pictured), global product manager, says: "With this new package we are responding to the comments from prime
- 07/09/2016
Colt PrizmNet financial extranet is enabling connectivity to a cloud-based ecosystem of MiFID II compliant solutions, helping capital markets firms deal with the various aspects of the directive which is due to come into force in January 2018.
Current partners include TraderServe for algorithm testing, Aquis Exchange for best execution, and TRADEcho for trade reporting.
Colt PrizmNet is a private network that links the global capital market ecosystem, connecting over 10,000 firms worldwide.
The extranet provides a scalable, secure, and reliable platform to rapidly connect and support market participants in areas such as surveillance and data management, helping
- 07/09/2016
Pavilion Financial has closed its acquisition of Altius Holdings, the parent company of Altius Associates, a private markets advisory and separate account management firm with offices in the UK, US and Singapore.
Pavilion has also established Pavilion Alternatives Group, a combination of the operations of Altius Associates and LP Capital Advisors (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California.
The rebranding for both organisations is effective immediately.
“Pavilion Alternatives Group will proudly carry forward the shared vision of its two founding firms to provide institutional clients with objective, thoughtful and well-researched advice on alternative
- 07/09/2016
Systematic alternative investment manager Devet Capital Investments has received a license from the US National Futures Association enabling it to extend the marketing of the Devet Capital Absolute Return Strategy to American investors.
In the UK, Devet is authorised and regulated by the Financial Conduct Authority. Devet Capital Investments, founded by Irene Perdomo, formerly of Noble Resources Singapore and Barclays London, and Leonardo Marroni, formerly of GLG Partners and Barclays London opened to external investment in September 2015 and has raised some USD27 million in 12 months from a diverse group of investors interested in participating in Devet’s market neutral,
- 07/09/2016
- 07/09/2016
Far-reaching rules for financial services businesses to create clear channels for whistle blowers to report concerns and to protect those that “blow the whistle” take effect from 7 September, says law firm Howard Kennedy.
The Bank of England’s Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) are designed to build on the current good practice in financial services businesses and encourage staff to blow the whistle on all types of wrong-doing, not just reportable offences under current whistleblowing laws.
The new rules apply to UK deposit-takers with assets of GBP250 million or greater (including banks, building societies and
- 07/09/2016
JonesTrading Institutional Services has appointed Andrew Volz as a managing director, head of prime services based in New York.
In this role, Volz will be responsible for leading the expansion of the firm’s prime brokerage business – focusing on alternative investment managers, institutional investors, and family offices.
Alan Hill, CEO of JonesTrading, says: “Andrew’s appointment is another key step in our strategic plan to build a leading institutional brokerage platform offering prime services and global outsourced trading, through our global trading network. Andrew’s leadership of our prime services group builds on our 40 years of client-focused, relationship based services
- 07/09/2016
Donald A Steinbrugge, CFA, Founder and CEO of Agecroft Partners has written a new paper asking if the capital markets are headed for a major correction and whether hedge funds will help or hurt?
Steinbrugge writes that while major corrections of the capital markets are a risk that investors always need to consider, the question is not if, but when will it happen. He asks: “Investors need to consider: What is the probability of it happening in the near future? How big will the correction be? How long will it last? Am I prepared to ride it out, or is
- 06/09/2016
Fund administration group Centaur is increasing its product offering and expanding its global footprint by opening an office in Bermuda.
It follows a recent move for Centaur’s European headquarters to larger offices in Dublin’s International Financial Services Centre to accommodate the tenfold increase in employees that Centaur has experienced over the past six years.
The firm now has offices in Dublin, New York, London, Bermuda, and Cayman.
Karen Malone (pictured), founding partner of Centaur, says: “This is an exciting time for Centaur, which has steadily expanded on the back of exceptional performance. Our latest service location in Bermuda
- 06/09/2016
- 06/09/2016
Specialist financial services group JP Integra Group has announced the expansion of the firm’s services, targeting the private capital sector with a wider offering.
The firm has also announced international business growth plans with the launch of a US representation in order to be closer to clients based in the Americas. The firm writes that to better-reflect the diversified offering it can provide to global family offices, high-net-worth individuals and investment managers, the firm has changed its name to “JP Integra Group” from “JP Funds Group”, under which they had operated since 2007.
The expansion of the firm’s offering
- 06/09/2016
- 06/09/2016
Multifonds, a provider of single-platform, multi-jurisdictional investment fund software, has appointed Keith Hale (pictured) as the firm’s new chief executive.
Hale will assume the new role as Multifonds moves to the next stage of expansion into new markets and increasing the asset class and fund structure coverage of its fund administration software.
He replaces former Multifonds CEO Oded Weiss, who will retain a strategic advisory position providing senior counsel to key clients on global initiatives.
Sern Tham, Multifonds’ global head of R&D, and the rest of the management team remains unchanged.
Hale joined Multifonds in 2010 as
- 06/09/2016
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