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Tony Morrongiello will be stepping down from his role as CEO fund of hedge funds ALTIN, with Claudia Habermacher named as his replacement after shareholders accepted a raft of proposals from by Alpine Select AG and Absolute Invest AGplacement.
Furthermore, the Board of Directors has decided to postpone the intended delisting of ALTIN shares from the London Stock Exchange to the end of September 2016.
Other proposals accepted by shareholders at an extraordinary general meeting (EGM) on Tuesday include a reduction of ALTIN AG’s share capital from CHF58,645,002 (divided into 3,449,706 registered shares with a nominal value of CHF17 each)
- 22/06/2016
- 22/06/2016
The SS&C GlobeOp Forward Redemption Indicator for June 2016 measured 4.88 per cent, up from 4.38 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2016 came in at 4.88 per cent, up slightly compared to the 4.72 per cent reported a year ago for June of 2015,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This relatively flat comparison is in line with other data we have seen in the first half of this year which is indicating stability in overall hedge fund allocations.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum
- 21/06/2016
SR Labs, a specialist in trading and market data technology, is tol operate under the new name of Vela Trading Technologies (Vela).
Vela’s mission will continue to focus on creating and providing leading edge financial technology, with a strong emphasis on satisfying client requirements and global delivery. With Vela, technology and business decision makers will be able to bring efficiency and simplicity to their trading infrastructure, while also improving cost savings.
Jennifer Nayar, CEO of Vela, says: “We see Vela as a new and exciting opportunity to build on our strong heritage, pedigree and loyal client base and bring
- 21/06/2016
Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has created a normalised regulatory data model designed to help firms meet their MiFID II OTC sales and trading requirements.
This data model is the first piece of a larger puzzle to create a standardised approach for ensuring regulatory conformance for front office OTC sales and trading activities.
Solving the MiFID II challenge requires a significant amount of human resources to keep pace with, understand and document the changing landscape, alongside a significant technology investment that, if
- 21/06/2016
HedgeServ is to use the RR Donnelley ArcReporting solution for the creation of its clients' financial reports. HedgeServ is an independent, full-service global fund administrator headquartered in New York City and Dublin.
Using the ArcReporting tool, HedgeServ can now import data to automatically produce complete alternative fund financial statements, including statements, footnotes and related disclosures.
Justin Nadler – Co-Founder & President, says: "We now have a fully mapped and automated template for creating fund financial statements, with integrated proofing tools that allow us to cross-check the various data sources. This improves the accuracy and efficiency of the financial statement production
- 20/06/2016
Institutional investors should undertake a quantitative analysis of their hedge fund investments’ long-term contribution to overall portfolio efficiency, rather than basing their asset allocation strategies on a short-term comparison with equity benchmarks.
That’s the conclusion of a new research study – ‘Hexit: Is Now the Time to Pull Out of Hedge Funds?’ – based on analysis conducted by MPI (Markov Processes International, Inc.), specialists in the analysis of systematic factors influencing investment performance, which provides analytics and reporting solutions to the financial services industry.
In response to the steady flow of announcements from large institutional investors scaling back or
- 20/06/2016
The current appetite for risk aversion is proving a bonanza for CTAs, according to Lyxor’s Cross Asset Research team. They write that with market stress materially rising, de-risking ahead of the British referendum accelerated as polls and bookmakers depict an increasingly uncertain outcome.
“The UK wildcard was not the only factor at play. The early-June US payroll numbers shook confidence that the Fed would be able to move before the summer. It was confirmed by this week’s FOMC, unequivocally dovish. Six members now envisage only one hike this year, and the median dots for 2017, 2018 and the terminal rate were
- 20/06/2016
- 20/06/2016
The Economic and Monetary Affairs Council of the EU has approved the General Approach reached on Money Market Fund Reform (MMFR) at Council Working Party level. This General Approach followed an original proposal by the European Commission in September 2013.
The European Fund and Asset Management Association (EFAMA) is of the view that a well-functioning European market for MMFs has an important part to play in the European Commission’s flagship Capital Markets Union initiative. EFAMA, whose members manage both VNAV and CNAV funds, has from the outset indicated that a proportionate and balanced Regulation which ensures the viability of both
- 20/06/2016
The Australian branch of the Alternative Investment Management Association (AIMA) is celebrating its 15th anniversary this month with EY-sponsored member events in Sydney and Melbourne, bringing together many of the leading figures in Australia’s growing hedge fund sector.
In 2001, when AIMA expanded its network to Australia, it represented around 30 local-based corporate members, while the sector as a whole managed only approximately AUD5 billion (USD3.7 billion) in assets, according to the Australian Securities and Investments Commission (ASIC). Today, AIMA Australia has around 90 corporate members, and the industry manages around AUD100 billion (USD74.6 billion) in assets, according to ASIC.
- 20/06/2016
- 20/06/2016
Dorsey, Wright & Associates, a Nasdaq company, whose expertise in technical analysis helps bring innovative investment solutions to Wall Street, has developed a new ‘smart beta’ fixed income index designed to operate in a non-traditional fashion.
Referred to as the Dorsey Wright Fixed Income Allocation Index, the ETF-linked index uses relative strength (a momentum factor investing technique) to compare and rank the best performing SPDR-related fixed income ETFs out of a total universe of 20 ETFs comprised of: floating rate notes; first lien senior secured floating rate bank loans; US non-convertibles; preferred stock and other preferred securities; US municipal bonds and US convertible securities; US and non-US developed and emerging
- 20/06/2016
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