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Market participants have eliminated more than USD750 trillion in notional principal outstanding using triReduce, TriOptima’s risk-constrained, multilateral compression service for OTC derivatives, established in 2003. Since launch, more than 210 financial institutions worldwide have participated in this significant risk-reducing achievement which includes compression across a broad spectrum of products: cleared and uncleared interest rate products in 27 currencies, credit default swaps, commodity swaps, inflation swaps, cross currency swaps, and FX forwards.   Currently TriOptima delivers triReduce compression for cleared trades in collaboration with leading clearinghouses (CCPs) around the globe. TriOptima also offers triReduce to CLS members for FX forwards.
 Reducing
Point72 Asset Management (Point72), the family office managing the assets of its founder, Steven A Cohen (pictured), and eligible employees, has appointed Dr Gio Valiante as Head Performance Coach. Valiante has been consulting at the Firm for the past 18 months and will continue to work one-on-one with Point72’s investment professionals to improve performance.   “We constantly invest in developing our people and help them to become masters of their craft,” says Doug Haynes, President of Point72. “Dr. Gio Valiante’s work offers our professionals the opportunity to work with a proven and world-renowned performance coach. We expect his work will
SS&C Technologies Holdings has completed the acquisition of Citi's Alternative Investor Services Business, a provider of hedge fund and private equity fund administration services. SS&C acquired the business unit from Citi for approximately USD321 million. Citi's Alternative Investor Services Business is a top 10 fund administrator and through the acquisition SS&C will add more than 1,400 staff across 13 offices, 265 customers, and approximately $395 billion in assets under administration. The acquired Alternative Investor Services Business group will operate as a business unit within SS&C GlobeOp and continue to be led by its current leaders, Mike Sleightholme on hedge fund
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for February 2016 measured -0.95 per cent, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.82 per cent in March. “Hedge funds benefited from strong net capital flows this past month with SS&C GlobeOp’s Capital Movement Index advancing 0.82%, up from a gain of 0.59% for February 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “The 0.82% for March 2016 also reflected a year-over-year improvement from 0.63% for March of 2015. The March data continued the trend of recent
The hedge fund industry produced an aggregate return of 0.25 per cent in February 2016, according to eVestment’s latest Hedge Fund Performance report, with gains driven by returns from managed futures funds, despite continued losses from managers targeting credit opportunities. The slight gain halted the overall industry’s three consecutive months of performance declines. 
 A little more than half the industry produced positive results in February, a large improvement over January when only 28 per cent of funds produced positive returns. Interestingly, the average positive return in February was very similar to January (+2.68 per cent, +2.57 per cent), but average
JonesTrading Institutional Services, an institutional equity block trading and execution firm based in the United States, is expanding into pan-Asian trading. In addition to Asia markets already covered for US-based institutions, the firm will now trade equity instruments in virtually all Asian markets on behalf of local and US institutional clients, using its relationship based model. JonesTrading will now cover Hong Kong, Singapore, Australia, New Zealand, Thailand, Indonesia, The Philippines, and Japan, as well as Japanese clients trading US   The move is being made in response to market demand. The need for high-touch trading continues to grow, even as
HIG Capital has appointed Giuseppe Mirante as Managing Director of Bayside Capital, the firm’s distressed debt and special situations affiliate. Mirante, who has over 15 years of private equity and distressed debt experience, will be based in London. Prior to joining Bayside, Mirante was Head of Distressed and Loan Research at BNP Paribas in London. Previously, He was a European credit and distressed analyst at Cyrus Capital and Trafalgar Asset Managers. He also co-founded and ran Tigon Capital, an advisory company for private equity and credit funds. He is fluent in German, Italian, Spanish and French and holds an MBA
FundCount, a Boston-based provider of investment management, general ledger and partnership accounting software for single and multi-family offices, fund administrators, hedge funds, private equity and related investment firms, has appointed Michael Slemmer CFA (pictured) as Chief Operating Officer for the Americas. With over 30 years of experience in investment technology, Slemmer joins FundCount from SS&C, where he was Director of Business Development for its performance measurement, attribution and risk products. Prior to this he was a principal at The Collaborative, an investment industry consulting firm. Slemmer was General Manager, North America and held other leadership roles at Thomson Financial –
Collins Capital’s Long/Short Credit Fund (CCLIX/CLCAX), a mutual fund offering a true long/short credit strategy that dynamically adjusts exposure throughout the credit cycle, has passed its one year anniversary. "We are very pleased with how well the Fund protected capital for clients and outperformed during this tumultuous fixed income environment," says Dorothy Weaver, Co-Founder, Chief Executive Officer and Chief Investment Officer of Collins Capital. "After years of wide open credit markets, suppressed volatility, low interest rates, and the tide essentially lifting all boats, the high yield market has quickly reversed course and we are finally starting to see fundamentals matter
The Lyxor Hedge Fund Index was down 0.9 per cent in February, with just three out of the 11 Lyxor sub-indices ending the month in positive territory, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Merger Arbitrage Index (+0.5 per cent), and the Lyxor LS Equity Long Bias Index (+0.4 per cent) were the best performers.   The rally by mid-February triggered multiple macro and sector rotations. The selling pressure exhausted by mid-month. The rally in risky assets unfolded in poor trading volumes as most market players were initially

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