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The Securities and Exchange Commission has created the Office of Risk and Strategy within its Office of Compliance Inspections and Examinations (OCIE). The new office will consolidate and streamline OCIE’s risk assessment, market surveillance, and quantitative analysis teams and provide operational risk management and organisational strategy for OCIE.
Peter B Driscoll will lead the office and has been named as its first Chief Risk and Strategy Officer. In this role, Driscoll will manage the new office and the Investment Adviser/Investment Company examination staff based in Washington, DC.
“The Office of Risk and Strategy will lead our exam program’s risk-based, data-driven,
- 10/03/2016
AlphaSense, provider of the AlphaSense search engine for financial professionals, has secured USD33 million in growth capital from Tribeca Venture Partners, Triangle Peak Partners, and Quantum Strategic Partners – a private investment vehicle managed by Soros Fund Management – as well as notable individual investors such as Tom Glocer, formerly CEO of Thomson Reuters.
AlphaSense launched its service in 2011 and today serves more than 400 investment firms, banks and corporations globally. AlphaSense will use the new capital for product advancement and for accelerating its growth in serving its core investment research and corporate intelligence markets, as well as its
- 10/03/2016
- 10/03/2016
Babson Capital Management, its subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management, and Baring Asset Management Limited, are planning to combine operations under the Barings brand.
The combination will create a global, multi-asset investment management firm with over USD260 billion of assets under management, offices in 20 countries, and over 1,700 professionals. The firm will be led by Tom Finke, current Chairman and CEO of Babson, and will be headquartered in Charlotte, North Carolina.
David Brennan, Chairman and CEO of Barings, who will retire as planned during the summer of 2016, says: “This is an exciting opportunity
- 10/03/2016
Buy-side companies are being forced to rethink their strategies due to new regulations which have increased the value of collateral in trading and risk management, according to a new report from BNY Mellon and London-based consultancy The Field Effect.
The study, Collateral Management: Navigating the Regulatory Maze, argues that buy-side companies are playing catch up with sell-side businesses, which have more than 25 years’ experience in implementing sophisticated balance sheet driven collateral solutions. Buy-side companies should rethink their business models in relation to risk, capital considerations and collateral management.
The global financial crisis has led to a new regulatory
- 10/03/2016
SYZ Asset Management, the institutional management division of the SYZ Group, is adding two new multi-asset strategies to its range – Active Allocation and Risk-Based Allocation.
SYZ Asset Management has successfully offered multi-asset investment solutions to institutional investors for over 15 years, including an Active Allocation strategy since 1999 and the well-established Absolute Return strategy since 2003, both known for their active allocation style based on in-depth analysis of the macro-economic framework.
Recent arrivals in 2015 have brought new skills to SYZ Asset Management, which now offers a comprehensive range of Multi-Asset products. Hartwig Kos, Co-Head of the Multi-Asset
- 10/03/2016
AI Insight, a specialist in alternative investment research, education and compliance documentation, has recruited Laura Sexton and Patrick McGowan to further develop the firm’s program management capabilities and expand relationships within the broker dealer and RIA communities.
Sexton will lead a team of analysts responsible for entering the Alternative Investment data that powers the AI Insight platform. McGowan will develop relationships within the broker dealer community and help broaden institutional growth opportunities with respect to AI Insight's RIA platform.
"We are thrilled to welcome these two exceptional individuals to the AI Insight team. Each brings unique professional experience that
- 10/03/2016
- 10/03/2016
Mill Hill Capital has chosen and implemented Fund-Studio as its front to back office portfolio management, investor reporting and shadow accounting platform.
Objecutive, the provider of Fund-Studio, has implemented the platform with Mill Hill as a hosted solution leveraging the strong back up and support capabilities of Objecutive’s infrastructure.
Mill Hill Capital is a differentiated alternative investment management adviser that focuses on beta neutral strategies and identifies market dislocations during periods of volatility. Mill Hill Capital focuses on investments in corporate and securitised assets including bonds, credit default swaps and credit indices.
David Meneret, Chief Investment Officer and
- 10/03/2016
The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, has launched a set of Due Diligence Questionnaires (DDQs) for hedge fund directors.
These are the first set of AIMA DDQs – questionnaire templates that fund managers and investors use during their due diligence processes – relating to fund directors. They were produced by a working group of more than 30 AIMA member firms who consulted with investment managers, investors, individual directors and professional director services firms globally during the drafting process.
There are three versions of the new DDQ – an Illustrative Questionnaire for
- 09/03/2016
- 09/03/2016
It is now one year in to the Swiss Collective Investment Scheme Act (CISA) and overall impressions appear to be that it has been a success. One particular aspect of CISA, namely the requirement for alternative fund managers marketing their funds in Switzerland to “unregulated qualified investors” (eg pension funds, family offices) to appoint a Swiss Fund Representative and Paying Agent, has proven to be no more than a mild shower in a teacup.
A year ago, fund managers were aghast at the idea of having to incur yet more regulatory costs, but those fears have proven to be largely
- 09/03/2016
DST kasina, a provider of data-driven insights and distribution solutions to financial companies around the world, thasoday released its fourth quarter DST kasina Asset Manager Composite results.
According to the report, operating margins for the 16 asset management firms that comprise the Composite fell to 33.5 per cent on a weighted basis for the quarter, down by 131 basis points from the prior quarter and 114 basis points from Q3 2015.
On a simple average basis, operating margins fell by 118 basis points sequentially and 182 basis points year over year.
According to the report, operating margins for
- 09/03/2016
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