Latest News
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has reported rapid growth throughout 2015, including the expansion of its US market footprint into key geographies, and new strategic partnerships.
Continued demand for Abacus’s managed cloud service offerings has produced in excess of 50 per cent annual year-over-year growth, leading the company to expand its presence into several key geographies including Los Angeles, Dallas, and Charlotte, and most recently Boston. These new locations are dedicated to improving and providing support for Abacus’s private cloud products and services that hedge fund and private equity firms,
- 21/01/2016
Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting, has appointed Gary Casagrande (pictured) as Global Head of Investor Communications & Expense Solutions, a newly created position for the firm.
Casagrande has more than 20 years of experience in the financial services industry covering mutual fund operations, regulations, project management, and quality control.
In his new role, Casagrande will oversee a line of business charged with defining and implementing the go-to-market strategy for Confluence's global suite of investor communications and expense management solutions, which include financial, marketing and legal reporting, as well as
- 21/01/2016
The European Energy Exchange (EEX) and Power Exchange Central Europe (PXE) have signed an agreement in Prague whereby they will enter into a closer cooperation. In doing so, EEX will become the new majority shareholder, acquiring 66.67 per cent of PXE shares.
This transaction will be settled in cash from EEX own resources and is expected to be closed by the end of the first quarter 2016, subject to approval by the competent authorities.
EEX Group provides the central market platform for energy and commodity products which includes contracts for Power, Natural Gas, Coal, Oil, Environmental Markets, Freight, Metals
- 21/01/2016
- 21/01/2016
Basel III reforms have fundamentally changed how asset managers are connected to the financial system, with hedge funds challenged to understand expense, usage and access to the financing power grid.
That’s according to a joint survey and report by the Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, and S3 Partners, a leading financial data, analytics and services firm.
Jack Inglis (pictured), CEO of AIMA, says: “There is no doubt that the Basel III banking standards are having a significant impact on hedge funds and other alternative asset managers. Financing costs are rising and
- 21/01/2016
Total global hedge fund capital rose to USD2.90 trillion in Q4, as financial market volatility, driven by concerns about slowing Chinese growth and energy market weakness, accelerated into year-end, according to the latest HFR Global Hedge Fund Industry Report.
Hedge fund capital increased by over USD22.8 billion on the previous quarter with the performance asset gain offsetting a small investor net capital outflow of USD1.52 billion in Q415, the first quarterly net outflow since Q411.
The HFRI Fund Weighted Composite Index® posted a gain of 0.8 per cent in Q415, but declined 1.0 per cent for full-year 2015, only the
- 20/01/2016
Cognolink, a research partner for hedge funds and private equity funds, has announced a new name and brand identity for the company, becoming ‘Third Bridge’ both in the UK and globally.
This move is designed to align the firm’s naming and identity with its strategy and future growth plans under one unified, global brand.
Third Bridge provides private equity firms, mutual funds, hedge funds and strategy consultants with qualitative insights to better understand the true value of their investment opportunities. These range from one-to-one or group consultations between investors and industry experts, to syndicated reports offering unbiased intelligence on
- 20/01/2016
The Hedge Fund Standards Board (HFSB), the standard-setting body for the hedge fund industry, has held its first table top cyber-attack simulation for hedge fund managers in London.
The HFSB is custodian of the Hedge Fund Standards, and is supported by more than 120 hedge fund managers with $700 billion in aggregate assets.
The objective of the simulation was to explore the response of hedge fund managers to three realistic cyber-attack scenarios: data theft and leakage of internal sensitive data; financial infrastructure attack; and crypto ransomware.
These scenarios were chosen to provide simple illustrations of key challenges for
- 20/01/2016
International law firm Simmons & Simmons has acted on the restructuring of the Sturgeon Central Asia Fund, to enable it to be one of the first funds to invest in Iran.
Although the repeal of pre-existing sanctions is good news for those wanting to do business with Iran, restrictions still apply – it’s a case of fewer sanctions, not ‘no sanctions’. As a practical matter, banks and financial institutions have been nervous about committing themselves to support transactions with Iran, whether as service providers, financiers or simply moving money. Whilst many more transactions can now be undertaken with Iran there
- 20/01/2016
Karson Management, a provider of reserve, capital and collateral financing solutions, and BNY Mellon have successfully completion of the first K-Note reinsurance collateral financing transaction in Canada.
The patented K-Note financing platform has been designed by Karson around a number of BNY Mellon’s corporate trust, custody and collateral management services.
The multi-million Canadian dollar transaction involved the issuance and deposit of a K-Note into a reinsurance security arrangement (RSA) account established in accordance with the Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI). The K-Note is backed by a payment obligation of a third-party financial institution
- 20/01/2016
Point72 Asset Management has named Jonathan Jones to lead its Investment Talent Development (ITD) group.
Jones is responsible for leading the Firm’s mission to identify and recruit the industry’s brightest talent at all levels, from the Point72 Academy to experienced Investment Professionals.
“Jonathan’s diverse background in operations, recruiting, and talent acquisition makes him a superb fit to lead our ITD group and recruiting processes, says Point72 President Doug Haynes. “We are excited because his insight and expertise will help us deliver on our mission to offer the greatest opportunities to the industry’s brightest talent.”
“Jonathan represents the top
- 20/01/2016
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