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MainstreamBPO has opened a New York office for its hedge fund administration business.
The new office is the group’s first in the Northern Hemisphere, adding to the existing network of offices in Australia, Singapore, and Hong Kong.
MainstreamBPO chairman and managing director Byram Johnston (pictured), who will oversee the new operations, says a North American presence is the next phase in the group’s execution of its client growth strategy.
“After the success of our offices in Asia we have been evaluating international markets to further expand our hedge fund administration business. Opening an office in New York is
- 14/07/2016
- 14/07/2016
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2016 measured -0.54 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 2.24 per cent in July.
"SS&C GlobeOp's Capital Movement Index for July 2016 came in at -2.24 per cent, in line with normal seasonal patterns and a year over year improvement compared to -2.96 per cent for July 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "This improvement was due to lower outflows versus a year ago, which outweighed slightly smaller inflows."
- 14/07/2016
The European Energy Exchange (EEX) continued its growth course and achieved new record volumes in its markets in the first half of 2016.
In the first six months of the year, a volume of 2,247.8 TWh was traded on the Power Spot and Derivatives Markets (H1 2015: 1,422.1 TWh), which corresponds to a 56 per cent increase as against the previous year.
On the EPEX SPOT Power Spot Markets, a total volume of 277.2 TWh was traded (H1 2015: 237.5 TWh). From 4 May 2015 onwards, this included the volumes of APX, including Belpex, which was integrated into EPEX
- 14/07/2016
Preqin’s latest survey of over 270 hedge fund managers finds that the industry is facing increased pressure from investors on fees and transparency, while attempting to overcome a negative perception of the asset class that has arisen partly due to performance issues through the first half of the year.
Over half (52 per cent) of surveyed managers report that investors are more negative about the industry compared to 12 months ago, and 43 per cent identify investor demands for more favourable fees as a key driver of change in the industry, up from 28 per cent that said so in
- 14/07/2016
FINCAD, a provider of valuation and risk analytics for multi-asset derivatives portfolios, has made enhancements to F3, its advanced valuation and risk solution.
Central to these enhancements are a straightforward interface and improved usability, enabling quants, portfolio managers, traders, and risk managers to quickly leverage F3’s capabilities to help generate superior investment returns.
Low yields and negative interest rates are making it difficult for portfolio managers and traders to achieve their desired level of returns, and as a result, are seeking to improve returns with new strategies, additional asset classes and derivatives. At many firms, legacy systems are straining to
- 14/07/2016
- 14/07/2016
Large institutions are shifting trading volume to algorithmic avenues of execution as the overall commission pool remains flat, according to a study from Greenwich Associates.
Greenwich Associates, which conducted interviews with 223 US equity portfolio managers and 321 US equity traders between November 2015 and February 2016, estimates the annual pool of cash equity commissions paid by institutional investors to brokers on US equity trades to be USD9.65 billion, down more than 30 per cent from its peak in 2009.
“While that may seem like a dismal figure, it is important to note that the 2016 level is about
- 14/07/2016
Asset managers are increasingly focused on cybersecurity best practices not only to stay in line with regulatory expectations but also to be viewed in a positive light by investors.
According to Jason Elmer (pictured), who heads up Duff & Phelps' Cybersecurity practice with fellow Managing Director, Brian Lozada, "When I attend industry conferences, even those not specifically focused on cybersecurity, and the audience votes on what their biggest concern is for 2016, cybersecurity comes out on top; just about even with the challenge of asset raising."
To meet that challenge, Duff & Phelps launched a dedicated cybersecurity services solution to
- 13/07/2016
- 13/07/2016
By Vladimir Rabotka (pictured), Castle Hall Alternatives – Cybersecurity has rapidly become one of the most discussed issues in the alternative asset management industry. Regulators have provided multiple warnings around the need for investment managers to protect their businesses from cybersecurity risks. In response, both industry groups and tech consultants have published advice to help asset managers implement cybersecurity protections.
On the other side of the industry, asset owners are now acutely aware of their governance, risk and compliance obligations to evaluate the cybersecurity preparedness of external asset managers within their operational due diligence programmes. However, investors must bridge the
- 13/07/2016
- 13/07/2016
Companies across all sectors are increasingly dealing with ransomware attacks as cyber criminals attempt to extort money by encrypting files and effectively holding data hostage. There are endless versions of ransomware but some of the more well known include: CryptoLocker; CryptoWall; TeslaCrypt, and CTB-Locker.
To underscore the scale of the problem, the FBI reported that in the first quarter of 2016, ransomware costs in the US totalled USD209 million. For the whole of 2015, the figure was USD24 million.*
The McAfee Labs Threats Report 2015 found that between Q4 2014 and Q1 2015, the number of ransomware attacks increased
- 13/07/2016
- 13/07/2016
Emerging technology has a tendency to go through a ‘hype cycle' when investor optimism leads to runaway valuations. The classic reference point is the dot.com bubble at the turn of the century, when tech stocks saw their price to earnings ratios spike above 60 times earnings.
With respect to cybersecurity, although the P/E ratio of stocks at the start of the year was 53 times earnings, it has since come down to 42 times earnings. That is still relatively high, from a valuation perspective, but the signs are that cybersecurity, as a sub-sector, should no longer be viewed as an
- 13/07/2016
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