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These are exciting times for the financial technology sector. In the last few years, market complexity has grown in response to increased regulatory demands, increased investor due diligence requirements, more complex fund strategies and even how hedge funds manage their balance sheets with their prime brokers.
These demands are in turn putting pressure on technology specialists to innovate. One firm that is helping pioneer the way that hedge funds streamline their operations is Eze Software Group. According to President Jeffrey Shoreman (Pictured), "we feel we are driving innovation in this space by bringing together front, middle and back office functionality
- 09/12/2015
DMS Offshore Investment Services (‘DMS') Limited was established in the Cayman Islands by Don Seymour in 2000. Over the past 15 years it has grown into one of the industry's leading fund governance firms with over 200 people.
One of the big focuses for the firm is ongoing regulation, in particular AIFMD and FATCA. With respect to FATCA, DMS stole a march on its competitors in 2014 by establishing a FATCA Responsible Officer (FRO) role.
"Our principal, Don Seymour, identified FATCA as an area to work on three years ago. We got the teams set up, the systems and the
- 09/12/2015
- 09/12/2015
The Portfolio Amalfi™ platform by Nedelma Inc. offers multi-asset, multi-language and multi-currency dynamic reporting and data visualisation and analysis capabilities to the asset management industry. The platform also offers data aggregation tools as well as portfolio management solutions and a calculation engine.
In addition to Portfolio Amalfi, Nedelma has an online investor document repository with document approval workflow and interactive reporting.
"The platform can be added to existing in-house and third-party products," says CEO Michael Medvinsky (pictured), who founded Nedelma after previously holding senior technology positions at Goldman Sachs and UBS. "Integration is quick and requires minimal input from the
- 09/12/2015
- 09/12/2015
Publishing has undergone a significant metamorphosis since the turn of the century. As the power of the internet has grown year-after-year, with Google's search engine shaping the way we navigate it, publishing companies have needed to evolve their business models accordingly.
Global Fund Media (‘GFM'), which publishes Hedgeweek and was established in 2002 by digital media entrepreneurs Sunil Gopalan (pictured), Chairman and Publisher, and Oliver Bradley, Chief Operating Officer, has always been a pure-play digital publisher. Over the last 18 months, the firm has evolved significantly to forge greater alignments of interests between its clients and readers across its seven
- 09/12/2015
easyProperty, the online estate agency from easyGroup, has closed GBP16 million in its third financing round for operational development and an additional GBP9 million funding line available to support the company’s plans for future acquisitions.
The lead investor, Toscafund, a London based hedge-fund with over 20 years of experience backing fast-growth SMEs in sectors typically undergoing structural change, has put forward GBP14 million in investment, with the additional GBP2 million being co-led by existing and new investors, many investing for the third time.
Martin Hughes, from Toscafund, which has previously backed successful e-commerce industry disruptors such as online insurance firm
- 09/12/2015
After a dip in October, CTA strategies posted positive returns across the board in November 2015, and Newedge’s CTA and Trend indices are are showing a positive year-to-date performance.
The Newedge CTA index was up 2.71 per cent in November bringing year-to-date performance back into positive territory, to 1.44 per cent.
Short Term Traders Index returns also produced significantly positive returns of 2.37 per cent, marking the best return since January this year.
Trend followers led performance in November, with the Newedge Trend Index ending up 3.41 per cent. The index leads with the strongest year-to-date returns
- 09/12/2015
Nasdaq is to acquire Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture Securities, from Chi-X Global.
The acquisition will provide Nasdaq with direct access to the Canadian equities market. The deal is expected to close in the first quarter of 2016, and be accretive to the company's earnings at closing, excluding transaction-related costs.
“This acquisition is an important part of our North American strategy as Chi-X handles about 22% of the order flow of S&P/TSX Composite securities in Canada,” says Hans-Ole Jochumsen (pictured), President, Nasdaq. “The addition of these thriving marketplaces will
- 09/12/2015
- 09/12/2015
By Ilario Scasascia (pictured), Harcourt – A well-diversified portfolio should include investments that offer alternative sources of returns, which can be found outside the world of conventional, long-only, bond and equity strategies. Sophisticated investors know this and understand, that when it comes to investing in non-traditional assets, hedge funds represent an important building block.
Hedge funds will therefore remain a staple in institutional investors' portfolios. In fact, after the financial crisis of 2008, hedge fund assets have been growing at an annual rate of 10 per cent and this growth is estimated to continue*. Growth has been supported
- 09/12/2015
- 09/12/2015
The emergence of complex rules and regulations such as AIFMD and FATCA means that any new manager with visions of running their own hedge fund business must think carefully about the best route to market.
For managers who wish to market outside of Europe, then all of the current well established jurisdictions are fine. However, should they wish to market within the EU, then the choice becomes more limited. Luxembourg and Dublin do a fine job of regulating funds but they are predominantly retail and tend to be managed by large institutions.
Malta, by contrast, offers a well regulated choice of jurisdiction
- 09/12/2015
Electronic trading platforms are on target to capture 20 per cent of US investment grade corporate bond trading volume in 2015 – a 25 per cent increase from 2014, according to a new report from Greenwich Associates.
As e-trading increases in importance, Wells Fargo has leapfrogged over some long-established players to become the most commonly used dealer for the electronic trading of investment grade corporate bonds.
Those are among the key findings of a new report from Greenwich Associates entitled, The Continuing Corporate Bond Evolution, which presents results from the Greenwich Associates 2015 US Fixed Income Investors Study, also reveals
- 09/12/2015
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