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Carrhae Capital, a London-based long/short asset manager, has expanded its use of EzeSoft Investment Suite with portfolio accounting capabilities.
Already a long-time user of Eze Software’s OMS, the hedge fund manager now uses Eze Portfolio Accounting (formerly Tradar) to manage its portfolio accounting needs, including valuation and reporting. Carrhae Capital has approximately USD1 billion in assets under management and focuses on emerging markets.
Carrhae Capital expanded its use of EzeSoft Investment Suite because of its flexibility, integrated workflows, and Eze Software’s approach to customer service. Eze Portfolio Accounting is being used for P&L and NAV calculations, reconciliation, and reporting.
- 30/03/2016
ABR Dynamic Funds, a New York-based asset management firm, is introducing its Smart Volatility mutual fund, the ABR Dynamic Blend Equity and Volatility Fund (ABRVX).
The fund, driven by algorithms designed to anticipate and dynamically rebalance during market volatility, is a welcome source of diversification intended to improve portfolio performance in turbulent markets.
"Volatility has long been seen as a one-dimensional threat," explains Taylor Lukof, CEO of ABR Dynamic Funds, LLC. "We believe volatility also represents opportunity and have designed a 'Smart Volatility' fund that allows investors to manage volatility as they would any other asset class in their
- 30/03/2016
The Depository Trust & Clearing Corporation (DTCC) and Digital Asset Holdings (Digital Asset) are planning to develop and test a distributed ledger based solution to manage the clearing and settlement of US Treasury, Agency, and Agency Mortgage-Backed repurchase agreement (repo) transactions.
Repo agreements were selected for this proof of concept because there is an opportunity to streamline how these products are cleared, as repo transaction volumes continue to grow.
Repo trades often occur in real time, with the settlement, clearing and netting processes happening in multiple steps. While DTCC’s Fixed Income Clearing Corporation (FICC) provides the matching and verification
- 30/03/2016
Americas Trading Group (ATG) has announced a new alliance with sell-side equities trading platform provider Fidessa Group which provides Fidessa OMS users with access to ATG's algorithmic trading models in the Brazilian market.
“The combination of Fidessa’s global reach with ATG’s local knowledge is extremely powerful,” says Carlos Barros, Head of Sales at ATG. “This integration provides a gateway for Fidessa users around the world to access ATG’s local execution expertise, which is particularly important today with the increase of cross-border trading. We are excited about this alliance and look forward to working closely with Fidessa and its customers.”
- 30/03/2016
The US Commodity Futures Trading Commission (CFTC) has approved a final rule adding an alternative for foreign natural persons to the requirement to provide fingerprints when applying for CFTC registration.
The final rule will allow any such person’s registered firm to complete a criminal history background check in lieu of submitting fingerprints.
The final rule generally codifies CFTC Staff Letters 12-49 and 13-29, and supersedes those letters. It will become effective 30 days after its publication in the Federal Register.
- 29/03/2016
The Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have submitted a joint comment letter to the US SEC on the it's proposed rule on the use of derivatives by mutual funds and other registered investment companies.
While generally supporting several aspects of the SEC’s proposal, including asset segregation requirements and an activities-based approach to regulation, the Associations have concerns with the adverse effects of the rule’s imposition of a new notional-based leverage limit on registered funds.
The letter also questions the SEC’s attempt to redefine and regulate derivatives as “senior securities” under Section 18 of
- 29/03/2016
By Philipp Neumann (pictured), Counsel Campbells, BVI, Team BVI Member – Starting a regulated investment fund can easily become a vicious circle for many start-up fund managers: The lack of track record will make it difficult to raise investor capital regardless of how creative or extraordinary the ideas of the start-up managers may be and, in turn, the lack of investor capital will often make it difficult to bear the upfront costs for the establishment of a regulated fund.
In the past, start-up managers would find themselves in the situation where they had to start with unregulated vehicles in order
- 29/03/2016
Colleen Byrne has joined Cowen Prime as Vice President. Her primary responsibilities will be in Capital Introduction, where she will work further develop this part of the firm’s offering.
Byrne will also engage with the firm’s prime brokerage sales team to identify new business development opportunities.
Byrne joins Cowen following two years as a consultant with Hedge Connection, an alternative investment media company focused on establishing connections between hedge fund managers and allocators utilising the firm’s electronic platform. Previously, she was affiliated with Asset Alliance Corporation/Hedgeharbor Inc, a hedge fund investor platform, as Associate Director.
Byrne will be located
- 28/03/2016
- 28/03/2016
Counselytics has deployed its AI technology in the alternatives investment space. Using machine learning technology, Counselytics is aimed at providing a fast, economical and automated process to find and analyse limited partnership agreements wherever they reside.
As Counselytics finds and centralises LPAs, it classifies and extracts up to 35 key partnership terms, including details on fees and expenses, waterfalls, taxation and governance. Counselytics also works as a question answering system with the ability to query for specific issues related to the LPAs, and the system returns both the correct answer and the most relevant sections of the LPA. The technology can analyse
- 28/03/2016
Jersey’s funds industry will need to embrace FinTech, assert its long-standing expertise and focus on innovation in order to remain at the forefront of a constantly evolving global funds landscape, according to the chairman of the Jersey Funds Association (JFA).
Speaking at this year’s annual JFA Dinner (18 March), Ben Robins (pictured) told an audience of over 450 funds professionals, senior politicians and regulatory representatives that the recent performance of Jersey’s funds industry painted an extremely positive picture and positioned the jurisdiction well as a centre for alternative funds business.
Highlighting that the total value of funds business grew at
- 28/03/2016
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