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Independent fund, trust and corporate service provider Crestbridge, has strengthened its Fund Services team with the appointment of Colin Targett as a Director.
Based at the firm’s Jersey headquarters, Targett’s remit will focus on growing Crestbridge’s liquid fund administration and ManCo offering following the firm’s recent approval by the Jersey Financial Services Commission (JFSC) to provide Management Company solutions to investment funds.
Colin brings with him nearly two decades of experience in both the offshore and onshore investment funds industry. Having started his investment funds career with KPMG in Bermuda, he has held a range of roles within the fund
- 21/04/2016
Docupace Technologies, a financial services sector digital compliance and cyber security company, is now independent from RCS Capital Corporation.
Docupace received a significant investment from RCAP in September 2014, as part of RCAP becoming a majority shareholder in the company. Following the investment, Docupace expanded its offerings with financial technology products, including cyber security services, compliant Straight-Through Processing and digital Alternative Investment processing. During this time, Docupace operated as an independent business unit under the executive leadership of founder and CEO Michael Pinsker.
Repurchasing RCAP’s interests will enable Docupace to focus on fuelling its growth in the marketplace with widespread
- 21/04/2016
- 21/04/2016
Hedge Connection an iOS and Android audience voting app for Deal Ring, Hedge Connection’s Dragons’ Den-style event where fund managers pitch to a panel of hedge fund investors, called Ringmasters, before a live audience.
The app allows the audience, also made up of investment professionals, to participate in judging the fund manager pitches.
The website and audience voting apps feature an easy to navigate design that worked in real-time to provide both a voting interface and a voting results display for all the attendees at the event. Based on the audience and Ringmaster feedback, the managers would land a meeting
- 21/04/2016
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has added a new non-deliverable forward (NDF) instrument – one month against the fix, to be called TOD/TOM.
EBS Market is providing an effective electronic solution for trading today (TOD) and tomorrow’s (TOM) fixing against the one month. The EBS Market platform provides customers with an easy to use service with dedicated matching engines as well as a fully transparent audit trail and straight through processing. This ensures TOD/TOM trades are all executed at the same industry-leading standard as other products on the platform.
Since 2012 trading on
- 20/04/2016
- 20/04/2016
Eurex and Korea Exchange (KRX) has signed a contract to extend their cooperation by listing Mini KOSPI 200 index futures during Eurex trading hours.
In addition, Euro STOXX 50 futures will be traded and cleared in Korean Won on KRX during Korean trading hours. Mini KOSPI 200 futures, which are based on the KOSPI 200 index, will complement the Eurex/KRX link for KOSPI 200 options. Eurex users will be able to trade the Korea-related futures and options on the same platform. This will create a nighttime market for both futures and options based on the KOSPI 200 index on Eurex.
- 20/04/2016
- 20/04/2016
RSRCHXchange, the marketplace for institutional research, has added the RSRCHX Dashboard to its platform functionality, enabling asset managers to track firm-wide research consumption, improve the procurement process and ensure compliance with MiFID II unbundling requirements.
The MiFID II Delegated Acts (DA) published in early April, have brought long awaited clarification on research procurement processes and research payment accounts. Firms will be required to put into place controls, set up management oversight and create audit trails. Investment firms will be required ‘upon request by their clients or by competent authorities, to provide a summary of the providers paid from this account,
- 20/04/2016
Managed futures traders lost 1.47 per cent in March according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 1.36 per cent after three months in 2016.
“Trend reversals in the USD, energy, and emerging markets dragged down returns in March,” says Sol Waksman (pictured), founder and president of BarclayHedge. “Sixty-seven per cent of the CTAs on the BarclayHedge database had losses for the month.”
Seven of the eight Barclay CTA indices had negative returns for the month. The Diversified Traders Index lost 2.14 per cent, Systematic Traders were down 1.63 per cent, Financial/Metals Traders declined
- 20/04/2016
The latest Preqin research finds that having made gains of 7.54 per cent in 2015, Asia-Pacific-focused hedge funds recorded losses of 2.02 per cent through the opening quarter of the year, the lowest performance of any region.
While the hedge fund industry as a whole saw returns of -0.43 per cent in the quarter, monthly returns for Asia-Pacific funds were the most volatile of any region, as Preqin’s benchmark ranged from -4.19 per cent in January to 4.13 per cent in March. Europe-focused funds also struggled in Q1 2016, recording losses of 1.97 per cent, while North America-focused funds posted
- 20/04/2016
Hedge fund capital declined in Q1 2016, as volatile markets and early quarter performance resulted in falling investor risk tolerance and led to redemptions from underperforming strategies, according to the latest HFR Global Hedge Fund Industry Report.
Total global hedge fund capital declined to USD2.86 trillion, including investor outflows of USD15.1 billion marking not only the largest quarterly outflow since 2Q09, but also the first consecutive quarters of outflows since 2009.
The HFRI Fund Weighted Composite Index posted a decline of -0.67 per cent in 1Q16, despite paring the January decline of -2.6 per cent with the March gain of
- 20/04/2016
London-headquartered Omni Partners has launched its third secured lending fund, Omni Secured Lending Fund III LP, with initial commitments of approximately USD60 million, and a target of USD400 million of assets.
The firm writes that OSL III provides its underlying investors with exposure to short-term loans secured against UK residential and commercial properties. The strategy enforces strict lending requirements: all loans are asset backed (helping to minimise losses), duration is no more than 24 months and Loan-to-Value (LTV) is capped at 75 per cent. Loans are extended to professional property investors and typically fund the acquisition of buy-to-let properties or
- 20/04/2016
- 20/04/2016
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