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Wells Fargo, Cowen Group and Conifer Financial have joined the growing list of users on AltX, an intelligence platform for the hedge fund industry. AltX, created to improve data analytics in the hedge fund market and the way these analytics are accessed, increases efficiencies around how this intelligence is used and shared by investment banks, asset managers and other asset allocators, and service providers to the hedge fund industry.   AltX insights include detailed intelligence on positions, leverage ratios, network graphing, news and events associated with funds updated in real-time, as well as access to regulatory documents including ADVs, 13fs
Tradition, one of the world’s largest interdealer brokers in commodity and financial products, has completed its first hybrid OTC/cleared Turkish power deals. The deals were cleared on VIOP, the Turkish Derivatives Exchange of Borsa Istanbul. The trades consisted of two deals of 10MW Jan16 + Feb16 Baseload in Turkey at 162,70TL.   Tradition offers the full spectrum of OTC energy and energy-related physical and derivative products, including electricity, natural gas, crude oil and refined products, coal, environmental products, weather derivatives and exchange-traded futures and options.   Jason Curtis (pictured), Manager, CEE, SEE and Turkish Power at Tradition, says: “We at
Crescent Capital Group has held the final close of the Crescent European Specialty Lending Fund with more than EUR500 million of investor commitments, bringing the total deployable capital available to the strategy to approximately EUR650 million. Since October 2014, the fund has committed approximately one-third of its capital across several investments.   “I am pleased with the growth of our European strategy both in terms of the significant capital we now have available as a result of this fundraise as well as the success of the transactions we have already closed in this fund,” says Christine Vanden Beukel (pictured), Managing
MarketAxess has reported total monthly trading volume for November 2015 of USD81.7 billion, consisting of USD47.2 billion in US high-grade volume, USD28.9 billion in other credit volume, and USD5.6 billion in liquid products volume. MarketAxess is providing both the reported and adjusted estimated US high-grade TRACE volumes on its website. The Company believes that the adjusted estimated volumes provide a more accurate comparison to prior period reporting.   MarketAxess Holdings, operates an electronic trading platform for fixed-income securities, and is a  provider of market data and post-trade services for the global fixed-income markets, 
RIMES, a provider of managed data services for the buy-side, has appointed David Brierwood as its newest board member. Brierwood brings extensive knowledge of risk management and business operations to RIMES, drawing on his experience in several senior leadership positions in the investment management industry.   Former COO of MSCI Inc, Brierwood helped grow the company’s revenues from less than USD20 million to more than USD1 billion. He also held various senior roles at Morgan Stanley spanning more than twenty years, including COO of the company’s equity division and COO of its institutional and retail securities groups. David is a
Gravitas Technology Services, a provider of front and middle office outsourcing solutions to the hedge fund industry, has added several new key hires to the firm’s team. With over ten years of industry experience, Jonathan Shapiro joins Gravitas as Senior Director of Business Development, leading the sales team in all revenue producing activities for The Gravitas Platform. Most recently, Shapiro served as Senior Sales Executive at SunGard Asset Management, where he led the sales team covering the hedge fund sector within its asset management division.  Previously, Shapiro spent five years at State Street Bank and Trust, where he sold Fund
The FIX Protocol will now support higher time stamp resolution to enable market participants to be MiFID II compliant. FIX formed the Clock Synchronisation Working Group in June 2015 to look at regulatory technical standard (RTS) on Clock Synchronisation as defined by ESMA and the practicalities of implementation. Within this RTS, there are requirements to communicate time stamps of certain events with granularities of one microsecond.  Those with the obligation to report with this level of granularity include certain execution venues, banks and buy-side customers. The FIX Working Group is comprised of these different market participants plus members of the
All six of Market Vectors Index Solutions (MVIS) six investable Long/Short Equity Indices reocrded positive performance in November.  Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions. The Market Vectors Asia (Developed) Long/Short Equity Index led the way with a return of 1.21 per cent for the month followed by Market Vectors Global Event Long/Short Equity Index (0.71 per cent), the Market Vectors Asia (Developed) Long/Short Equity Index 0.14 per cent), and the Market Vectors Emerging Markets Long/Short Equity Index (0.13 per cent). The
2015 has been a challenging year for CTAs, as commodity market volatility has proved difficult to navigate; especially for systematic CTAs, which are down -1.48 per cent through the calendar year (up to end of October). According to alternative funds research provider Preqin, CTAs are down -0.39 per cent YTD and Fund of Fund CTAs are down -6.18 per cent. By contrast, the average hedge fund this year is up +2.45 per cent.  Not that this is put investors off when it comes to incorporating CTAs into their portfolio; as Preqin’s Hedge Fund Spotlight for November shows, the number of
Following a very successful six year tenure as global head of Maples and Calder, Henry Smith stepped down from the role on 30 November 2015 with Alasdair Robertson succeeding him as Global Managing Partner, with immediate effect. In addition to his new role, Robertson will continue to serve as MaplesFS Chairman. Scott Somerville retains the role of Chief Executive Officer of MaplesFS.   "It has been a great honour and a privilege to be the Global Managing Partner of Maples and Calder for the past six years. I am happy to say the firm has experienced impressive growth and success

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