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BNY Mellon has appointed Richard Gill as head of its Markets business in Europe, the Middle East and Africa (EMEA). Gill will lead the regional business strategy and have overall responsibility for managing Markets within EMEA.
He will report to Michelle Neal, president of BNY Mellon Markets. “Richard’s appointment allows us to better balance global and regional considerations in managing our businesses,” says Neal. “Our senior regional executives in EMEA and Asia Pacific (APAC) now have dual reporting lines to the head of the region and to the global head of their business. These changes will empower these executives and
- 11/04/2016
AXA Investment Managers (AXA IM) has partnered with State Street and MKT MediaStats to evaluate data-driven indicators that help analyse economic and market information.
MKT MediaStats is focused on financial market implications of increasingly available ‘big data’ from multiple sources, and is founded and led by well-known academic researchers. It leverages and extends into the commercial realm of considerable academic research done by its partners. The State Street PriceStats inflation series is a daily measure of inflation derived from prices posted to public websites by hundreds of online retailers.
“AXA IM, MKT MediaStats and State Street share a commitment to
- 11/04/2016
Pragma Securities, a provider of algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing.
The algorithm is based on patterns detailed in a research paper released by Pragma today. Following recommendations from regulators in the wake of the FX rate-rigging scandal, in February 2015 the methodology underpinning the WM/R benchmark was changed, widening the calculation window from one minute for the most liquid currencies to five minutes.
In addition, banks have largely shifted their execution of customer fix orders from the spot
- 11/04/2016
Investment management firm Brinker Capital has made changed to its investment team with Chief Investment Officer, Bill Miller resigning with immediate effect.
Jeff Raupp, currently Senior Investment Manager, and Chris Hart, currently Core Investment Manager, have been promoted to Senior Vice Presidents and have assumed leadership of Brinker Capital’s investment team on an interim basis, reporting to Chuck Widger, Executive Chairman.
“The management team at Brinker Capital is very confident with the leadership in place and therefore, has an open timeline for finding the right fit for the role of Chief Investment Officer,” says Widger.
Jason Moore, formerly Managing Director
- 11/04/2016
At a time when the world is grappling with zero inflation, near-zero interest rates and oil prices at a 12-year low, one could be forgiven for thinking that the alternative investment funds (AIF) industry might be supercharging in reverse.
If anything, however, the opposite is true. The AIF brand continues to build and attract new investors.
Retail AIFs are on the rise thanks to the liquid alternatives revolution and total AUM in the AIF industry is forecast to reach USD13 trillion by 2020, accounting for 40 per cent of the investment fund industry's assets and 70 per cent of its
- 11/04/2016
- 11/04/2016
Linedata has completed the acquisition of Derivation, a specialist provider of risk, analytics, and portfolio management solutions to institutional and hedge fund managers.
This acquisition immediately enhances Linedata’s comprehensive, global platform across its clients’ entire investment process with support for all asset types and structures.
Derivation provides advanced risk and portfolio management, performance measurement, and powerful reporting tools. Linedata will integrate these capabilities into Linedata’s Global Hedge and Longview Asset Management solutions.
With this acquisition, Linedata affirms its strategy of being a leader in Asset Management. In addition to directly bringing Derivation’s solutions on board, this year Linedata
- 11/04/2016
- 11/04/2016
Financial software company Misys has appointed Mourad Ayachi as European Head of Professional Services and Bob Kubala as Regional Sales Manager for North America for its Investment Management division.
Both will support the Misys FusionInvest product suite, a fully integrated portfolio and risk management system for buy-side firms.
Mourad Ayachi joins Misys from Murex where he was Program Director for Europe and North Africa. He started his career in investment banking at Indosuez and joined Murex in 1998 where he held a number of senior positions and was a founding member of its Professional Services business.
“Misys has
- 08/04/2016
March was the best month for aggregate hedge fund performance in two years and some segments, notably activist, credit and emerging markets funds, performed extremely well, according to eVestment’s latest Hedge Fund Industry Performance Report.
For the quarter, overall industry returns were negative, the industry’s first negative Q1 since 2009 and only its second on record.
Activist hedge funds produced their best monthly performance in March since 2010. Gains from the concentrated, equity/capital structure-focused funds of +5.35 per cent were enough to bring Q1 2016 into positive territory. Activist managers have been through a difficult stretch, declining an average of
- 08/04/2016
Emerging Markets hedge funds posted strong gains in March, leading industry-wide gains as equity and commodity markets reversed early quarter declines to conclude the first quarter, according to data released today by HFR.
The HFRI Emerging Markets Index advanced +6.9 per cent for the month, offsetting steep losses from January and bringing YTD performance to +0.8 per cent. March represents the strongest month of performance for Emerging Markets (EM) since the Index gained +9.6 per cent in May 2009. Hedge funds posted strong gains across Equity, Event Driven and Relative Value strategies, with the HFRI Fund Weighted Composite Index® advancing
- 08/04/2016
Blackstone Alternative Investment Advisors (BAIA), an affiliate of Blackstone’s hedge fund solutions business, will be closing the Blackstone Alternative Multi-Manager Fund (BXMMX), the smaller of its two mutual fund products.
Blackstone launched BXMMX in August of 2013 as a dedicated vehicle for Fidelity Investments. As of 31 March, 2016, the AUM of BXMMX was USD631 million. Blackstone will liquidate the fund on or before 31 May, 2016.
BXMMX sought capital appreciation through a diversified global set of exposures, traded by alternative asset managers, which demonstrated relatively low beta to traditional markets and produced attractive risk-adjusted performance. BXMMX is operated as
- 08/04/2016
- 08/04/2016
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