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Northern Trust has enhanced its peer universe comparison capabilities with the addition of intelligence derived from eVestment universe data.
The integration of eVestment’s universes expands clients’ access to a global array of more than 500 manager peer universes across six asset classes and 74 countries.
Through Northern Trust’s Investment Risk and Analytical Services (IRAS) peer universe comparison capabilities, clients can compare the performance of investment managers’ decile ranking against a broad universe of manager mandates ranging from public to private markets. By providing access to proprietary and third-party universes, Northern Trust offers comparisons at the investment plan, programme and
- 08/07/2016
The UK financial services sector’s infrastructure is chronically unprepared to deal with the regulatory changes that will come as a result of the country leaving the EU, according to financial services management and technology consultancy Brickendon.
Compliance and regulatory costs have increased dramatically since the financial crisis, in an effort to avoid what can be multibillion-dollar fines – in some cases resulting in an additional USD4 billion expenditure each year.
With the regulatory burden still increasing – the Fundamental Review of the Trading Book (FRTB) is expected to increase costs by a further 200 per cent to 400 per
- 08/07/2016
The USD1bn Club, the group of institutional investors which has committed more than USD1 billion to hedge funds, has seen a net growth of 11 participants since 2015, and now includes 238 members, according to Preqin.
Forty institutions have joined this group of the largest hedge fund investors, while 29 have fallen out of the USD1bn Club after reducing their exposure to the industry.
Although investors in the USD1bn Club account for just 5 per cent of all active hedge fund investors, they represent just under a quarter (24 per cent) of the total USD3.13 trillion AUM held by
- 08/07/2016
Catella has confirmed media reports that four fund managers from Catella Fondförvaltning have chosen to leave the company.
Erik Kjellgren, head of Catella’s Swedish fund management operations, says: “We regret that these individuals have chosen to leave Catella. Catella has the expertise and resources necessary to ensure the management of our funds in both the short term and long term. Over the past year we have recruited senior people with extensive experience in active management of both equity funds and hedge funds, in order to reduce dependence of the fund management on individuals.
“The Catella Hedgefond fund is managed
- 08/07/2016
- 08/07/2016
Investors allocated a net USD6.57 billion into hedge funds in May, according to eVestment’s latest Hedge Fund Industry Asset Flows Report. The pre-Brexit vote inflow, biased toward US-domiciled funds over Europe and Asia, followed a very slight inflow in April.
This two-month string of positive net investor interest, the industry’s third in the last four months, helped to lift total industry AUM back over the USD3 trillion mark for the first time in 2016.
The report reveals that commodity strategies continue to be in favour, with USD1.2 billion added in May. Macro fund flows shifted firmly positive, multi-strategy fund flows rebounded and investor
- 08/07/2016
Cloud technology – The scale of a manager's IT infrastructure will largely depend on the type of trading strategy. A quantitative market neutral statistical arbitrage fund is likely going to spend more capital on front-office portfolio management, risk management systems and server storage capabilities than a specialist credit strategy that trades infrequently.
Either way, investors will expect the manager to have a well-oiled machine in place: well-established workflow processes, operational controls, and, as far as possible, front- to back-office system integration.
One of the most popular routes to establishing a sound technology infrastructure is to appoint an outsourced cloud provider. It
- 07/07/2016
- 07/07/2016
By Dean Hill, Executive Director, Eze Castle Integration – There is no shortage of threats to financial services firms, and the list of requirements from investors and regulators alike is growing at a rapid pace. As a startup, it's important to demonstrate to investors that you take your business seriously, hence, investments in operational excellence are required. On the cybersecurity front, that means leveraging technology infrastructure with robust, security-rich features including intrusion detection and ongoing traffic monitoring, regular vulnerability assessments and next-generation software, firewalls and patches to keep hackers out and firm assets secure.
But beyond technology safeguards, today's successful
- 07/07/2016
A recent survey by Preqin revealed that 60 per cent of hedge funds have less than USD100 million in AUM and that only five per cent of hedge fund flows go to funds operating below that AUM level.
There are now approximately 15,000 hedge funds in the industry, meaning investors are being bombarded by different funds every single day and thousands over the course of a year. They probably meet with 200 or so, engage in follow-up meetings with around 40 and allocate to two or three.
As such, there is one certainty that start-up managers can be sure of
- 07/07/2016
- 07/07/2016
There are a number of important considerations for a fund manager, especially a start-up, when it comes to selecting an onshore depositary to an onshore AIF. But before these are explored, it is perhaps worthwhile explaining exactly what the role of the depositary is under AIFMD, given that alternative fund managers have never had to use one before.
Safekeeping of the AIF’s assets
There are two parts to this. Firstly, providing custody of financial assets that are held directly by the depositary (i.e. stocks and bonds, options and futures). Secondly, performing record keeping and ownership verification of an AIF's assets,
- 07/07/2016
- 07/07/2016
There are a multitude of costs that a start-up alternative fund manager faces today, especially with respect to those looking to establish a hedge fund under AIFMD. From regulatory costs and waiting to receive FCA authorisation, to office and IT and staffing costs, the amount of burn capital that managers initially account for can rapidly disappear down the drain.
Which is why Linear Investments is proving to be a whole lot more than merely a boutique prime broker. In short, Linear has spent a number of years building out its trading and risk management systems to provide start-ups with a
- 07/07/2016
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