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Linedata has integrated its Global Hedge Portfolio Manager with Electra Information Systems’ (Electra) Electra Reconciliation.
The creation of a purpose-built interface provides hedge fund managers with immediate integration through an adapter created and supported by both Linedata and Electra.
Traditional account reconciliation (positions, transactions and cash) and management of non-standard matching and reconciliation such as system-to-system, P&L, collateral, security master data and pricing data are now easily achieved for Linedata users.
The combination of Electra Reconciliation with Linedata Global Hedge Portfolio Manager is deigned to automate the identification of exceptions and provide greater visibility into the exception management
- 14/06/2016
Algorithmic trading is taking hold in foreign exchange – in part due to fallout from the 2013 FX “fixing scandal.”
Foreign exchange represents one of the world’s biggest, most liquid and most electronic marketplaces. But while algorithmic trading has become a standard in global equity markets, algos have been much slower to gain traction in FX.
A new report from Greenwich Associates, FX Fixing Scandal Drives Adoption of Algos and TCA, shows that the proportion of volume-weighted FX trading executed algorithmically by algo-trading users has increased two and a half times in the past three years.
Hedge funds
- 14/06/2016
Hedge funds marked another positive performance month in May, with the industry returning 0.93 per cent through the month to bring year-to-date gains to 1.55 per cent, according to data released by Preqin.
Although this does not match the 2.39 per cent and 1.42 per cent returns seen in March and April, almost all leading strategies saw positive returns; and for the first time this year, all leading strategies are now marking positive year-to-date performance. Event driven strategies saw the strongest performance through the month, returning 1.59 per cent to take 2016 YTD returns to 3.01 per cent – the
- 14/06/2016
Devarshi Saksena (pictured) of Simmons & Simmons considers the pros and cons of new onshore European hedge fund vehicles recently developed in Ireland, Malta and Luxembourg and whether or not they represent a real challenge to the traditional Cayman model…
Times are changing for onshore European hedge funds. The structures that were traditionally trumpeted as being rivals to offshore funds – namely the Luxembourg specialised investment fund (SIF), Malta’s professional investor fund (PIF) and Ireland’s PLC/unit trust qualifying investor alternative investment fund (QIAIF) – but which had regulator-driven and, at times, frustrating fund authorisation processes are slowly giving way to easier
- 13/06/2016
Global Fund Media – the digital publishing group whose flagship title is Hedgeweek – hosted a successful one-day event at the Reform Club in London on 9 June entitled “Setting up an Alternative Investment Fund in Europe”.
The event, sponsored by Simmons & Simmons, Dillon Eustace, Circle Partners and Linear Investments, was attended by 100 fund managers and was 2.5 times oversubscribed.
Throughout the day, a series of panel discussions provided expert insights into the challenges and the sheer breadth of decisions that one needs to consider before bringing an onshore AIF to market.
After an opening address provided by
- 13/06/2016
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2016 measured 1.26 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.03 per cent in June.
"SS&C GlobeOp's Capital Movement Index showed a slight increase in June 2016, rising 0.03 per cent. This was smaller than the 0.23 per cent increase registered a year ago for June of 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "This drop is not particularly significant by itself because June is typically a month that shows subdued activity.
“In
- 13/06/2016
FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, has developed the FIXProtocol for use for transmitting MiFID II Transaction Reports to Approved Reporting Mechanisms (ARMs).
Under MiFID II, all investment firms (including certain buy-side institutions) executing transactions in financial instruments are required to report details of their transactions to the national regulator as quickly as possible, and no later than the close of the following working day. At the recently held FIX EMEA Trading Conference, nearly 70 per cent of respondents stated that use of the FIX Protocol would be their preferred standard
- 13/06/2016
Crestline Investors, a credit focused institutional alternative asset manager, has held an additional closing of its Crestline Opportunity Fund III strategy, bringing capital in the strategy to USD720 million.
The strategy invests primarily in small to mid-size corporate and asset-based credit-oriented opportunities, with a focus in North America.
The new fund is the ninth in Crestline's series of opportunistic funds, which started in 2005 and have attracted nearly USD4 billion in client commitments to date.
The investment strategy seeks to take advantage of dislocations and inefficiencies in the primary and secondary credit markets in North America and Europe. The fund
- 13/06/2016
Horseshoe Group has acquired IKONIC Fund Services (IKONIC) to form an independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets.
The transaction, which closed last week subject to customary regulatory approvals, will further solidify Horseshoe’s stance as the largest independent insurance manager to the Insurance Linked Securities (ILS) market and expand its service offering to now include fund administration. Post-acquisition, Horseshoe will have in excess of USD20 billion in assets under administration.
IKONIC, an independent, specialised fund administrator providing services to hedge funds, private equity funds, real estate funds and ILS
- 13/06/2016
Hedge fund returns were divided in May with overall industry performance slightly negative at -0.09 per cent, bringing overall YTD returns to +0.75 per cent. Commodity hedge funds, the surprise performance leaders of the industry so far in 2016, produced negative aggregate returns in May, declining -0.46 per cent, halting a three-month run when the universe returned 6.99 percent, according to eVestment.
Despite being flat in aggregate, there is good news for investors in the multi-strategy fund universe. Much had been made of losses within some of the industry’s largest multi-strategy funds early in 2016, however the >USD1 billion AUM multi-strategy
- 13/06/2016
- 13/06/2016
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