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The latest Hedge Fund Exposure and Tail Risk report from eVestment seeks to quantify how major historical events, or current market shocks, might impact top hedge funds today across a variety of strategies and categories.
To offer a broad look at the industry, the report looks at portfolios containing the following hedge funds reporting to eVestment: the 30 largest hedge funds by AUM, the top 10 long-short equity hedge funds, the top 10 fixed-income credit funds, the top 10 macro funds and the top 10 multi-strategy funds.
eVestment then tested those hedge fund groupings against a variety of disruptive events,
- 02/06/2016
Private equity firm TA Associates has completed the acquisition of Frank Russell Company’s asset management business (Russell Investments) from London Stock Exchange Group (LSEG) in a transaction valued at USD1,150 million.
Reverence Capital Partners, a financial services-focused investment firm, partnered with TA Associates and has made a significant minority investment in Russell Investments. Russell Investments’ management invested alongside TA Associates and Reverence Capital to acquire a meaningful equity stake. The transaction closed on 1 June.
Russell Investments is a global investment manager, with an 80-year heritage of delivering innovative solutions, strong investment results and high quality client service to institutional
- 02/06/2016
Bedell Trust has announced the establishment of an operation in Cayman to further extend its international presence.
Bedell Trust, which has a network of offices in key locations and an acknowledged reputation in corporate, trust, fund administration, international finance, employee benefits, private wealth management and bespoke family office, will provide a comprehensive range of trust and corporate services to clients from its Cayman operation.
Grant Barbour, a Director of Bedell Trust Cayman Limited, who will head up the Cayman business, commented:
‘The Cayman Islands are one of the leading Caribbean jurisdictions for locating investment structures and is popular with many
- 02/06/2016
OTAS Technologies (OTAS), a provider of market analytics and trader intelligence, has partnered with Wall Street Horizon to provide its institutional investment and trading clients with highly accurate and timely corporate event dates and information.
Through this partnership, Wall Street Horizon's corporate event information will be made available through OTAS's Portfolio Analytics application. Wall Street Horizon's expanding set of forward-looking and historical corporate event datasets include earnings dates, dividend dates, options expiration dates, splits, spinoffs and a wide variety of investor-related conferences. The accuracy and timeliness of these datasets combined with OTAS's analytics will enable clients to confidently capitalise
- 02/06/2016
Laurent Bélik has been appointed as managing director of Elian in Luxembourg.
Bélik (pictured) was managing director of SFM Luxembourg for five years prior to the acquisition of SFM Europe by Elian in 2015. He now leads the combined Elian and SFM business in Luxembourg, which formally merged on 1 June. Bélik is responsible for the management and promotion of the business's diversified service offering, which includes corporate, capital markets, fund and private wealth solutions.
Prior to joining SFM Europe, Bélik was head of Doughty Hanson Luxembourg Real Estate. Over his 17 year career he has also held finance, administration
- 02/06/2016
SC Distributors has hired Michele Drummond (pictured) as Senior Vice President of National and Institutional Accounts, along with three new Regional Vice Presidents.
Drummond will help manage select Broker-Dealer accounts as well as key institutional relationships for SCD including Charles Schwab, TD Ameritrade, Fidelity and Pershing. She has more than 18 years of financial services experience and most recently served as Vice President of Relationship Management at Cole Capital Corporation.
“Michele is a consummate professional and one of the most respected people in our industry,” says Jenniffer Daigle, Executive Vice President and Director of National Accounts for SCD. “She brings
- 02/06/2016
Mesirow Financial, an independent diversified financial services firm, has gone live on Clarient Entity Hub, a utility-based service designed to simplify client data and document management.
Mesirow adopted Clarient Entity Hub to automate non-core, manual Know Your Customer (KYC) processes, while lowering operational burdens, further improving their client on-boarding processes and driving increased buy-side client satisfaction. The firm plans to leverage Clarient Entity Hub as their primary KYC and on-boarding solution across all US branches and locations.
An industry-owned and governed utility, Clarient Entity Hub removes costs and risks associated with the bilateral exchange of client entity data and
- 02/06/2016
Imagineer Technology Group, a provider of technology solutions for investment management firms, has released the Clienteer CRM Spring 2016 update.
The Spring Release of Imagineer’s flagship product features many enhancements to the system’s current functionality sets helping users streamline their accounting, compliance and operations workflows even further. Clienteer is now seamlessly integrated with Preqin, allowing users to easily pull data from Preqin into Clienteer.
“For this update we focused on alleviating some of our client’s operational pain points, developing new tools that help keep contact data clean, coordinate meetings among colleagues and manage and report on events,” says Avi Giladi,
- 02/06/2016
- 02/06/2016
Five out six of the six MVIS investable Long/Short Equity Indices recorded positive performance in May, with the sixth remaining flat.
The MVIS Asia (Developed) Long/Short Equity Index led the way with a return of 1.58 per cent, followed by the MVIS Global Long/Short Equity Index (1.19 per cent), the MVIS North America Long/Short Equity Index (0.50 per cent), the MVIS Western Europe Long/Short Equity Index (0.29 per cent) and the MVIS Emerging Markets Long/Short Equity Index (0.23 per cent).
The MVIS Global Event Long/Short Equity Index recorded no change during the month.
Each index is constructed using transparent, liquid
- 02/06/2016
Compliance with global regulatory regimes and market structure changes is leading traditional asset managers and hedge funds to take a holistic approach to measuring trading and research costs.
Uncovering trends and drivers from interviews with 100 US buy-side head traders, TABB Group has published part one of the 12th annual benchmark study, “US Institutional Equity Trading 2016: Buy Side Emancipation or Purgatory.” The report examines buy-side firm’s top initiatives, commission wallets, execution channels, broker lists and unbundling of trading and research costs.
Report co-authors Sayena Mostowfi (pictured), a TABB principal and head of equities research, and research analyst Valerie Bogard,
- 02/06/2016
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