Latest News
Alternative investment manager Mariner Investment Group has appointed Dmitry Green as Chief Risk Officer (CRO). Green, who joins from Saba Capital where he was Managing Director and CRO has a strong track record managing investment risk from a number of blue chip alternative investment firms.
Green will be responsible for monitoring investment risk across all of Mariner's businesses. He will be a member of the firm's Investment and Risk committees, and will report directly to Mariner's operating committee.
"Dmitry brings extensive experience and an impressive history of managing investment risk for some of the industry's leading investment firms," says Bracebridge
- 01/07/2015
CV Holdings has entered into a Securities Purchase Agreement and an Investor Rights Agreement with an affiliate of Tricadia Capital Management in connection with the sale in a private placement of shares of newly created Non-Convertible Senior Preferred Stock shares of Common Stock of the Company.
The Tricadia investment is expected to replace the existing funding source for the Company's co-investment requirements on its NPL business. The Company is currently evaluating several other investment opportunities and, subject to Tricadia's approval, may decide to pursue one or more of them.
The Investor may purchase up to USD50.0 million of Preferred
- 01/07/2015
Lyxor Asset Management has cemented a reputation for its hedge fund solutions expertise, but as regulation and investor preferences change, the firm has evolved to offer multi-management solutions to support investors in fund selection, portfolio construction and infrastructure services.
Lyxor’s multi-manager solutions draw on the broad range of underlying investments on Lyxor’s investment platform including managed accounts, external hedge funds, ETFs and mutual funds.
The result is a range of commingled, dedicated and advisory solutions that spans the spectrum of liquidity, risk/return and strategy options to support global investors in meeting their idiosyncratic needs.
“There have been a number of
- 01/07/2015
How QuantConnect’s open source algorithmic trading platform is empowering quants to launch trading strategies at low cost…
Quantitative trading strategies, sometimes referred to as ‘black box’ strategies because of the complex algorithms that power them, have long been a source of mystery to investors. Run by proprietary trading desks, hedge funds and individual traders with PhDs in mathematics, quantitative finance and physics (aka “Quants”) these black box strategies have operated in rarefied air.
Until now that is.
New York-based QuantConnect is an open source, community-driven algorithmic trading platform. The firm has a simple vision: to bring quantitative trading to the
- 01/07/2015
- 01/07/2015
Brazilian asset manager, Vinci Partners, is to implement Eze Software’s order management system, Eze OMS, and execution management system, RealTick EMS, to streamline workflows across the investment lifecycle.
In partnership with Eze Software, Vinci Partners will build electronic connections to third-party execution providers (brokers) locally and globally and to their internal back-office system. The firm will leverage the OMS and EMS for portfolio analytics; modelling and pre-trade allocation; pre-, intra- and post-trade compliance; and multi-asset class trading, among other capabilities. Eze Software expects to bring Vinci Partners live on the OMS and EMS later this year.
“Vinci was looking for
- 01/07/2015
Best Credit Data (BCD), a provider of end of day bond pricing data, is partnering with Exchange Data International (EDI), to distribute BCD Municipal Bond End-of-Day Pricing data to EDI clients around the world.
BCD Municipal Bond Pricing provides end of day pricing for over 1.25 million US municipal bonds every day and roughly 8 years of daily history. The partnership gives EDI’s customers the opportunity to subscribe to BCD municipal bond pricing data. Customers will be able to access data fields including: price, yield, spread, multiple duration calculations, convexity, and OAS.
“We are excited to partner with EDI,” says
- 01/07/2015
The Depository Trust & Clearing Corporation (DTCC) has launched a new centralised data provisioning service, DTCC Data Products, which include the expansion of DTCC’s ETF and Corporate Actions ISO 20022 data product offerings.
DTCC Data Products was created in response to growing client demand for more centralised on-demand DTCC data provisioning. The service aims to provide data that helps firms meet increasing regulatory demands, reduce risks, increase operational efficiencies, gain access to better market insight, lower operational costs, and bring greater transparency to their business operations. As envisioned, DTCC Data Products will directly source cross-asset-class data captured across DTCC’s clearing,
- 01/07/2015
CarVal Investors has completed the final close of CVI Credit Value Fund III (CVF III) with USD3 billion in commitments. The fund is investing in undervalued opportunities with a strong focus on portfolios of whole loans coming out of the deleveraging of European banks.
The Fund will also invest in corporate securities, liquidation claims and structured credit.
The Fund has 83 institutional investors, including Cargill and a diverse range of public and private pension plans, endowments, foundations, family offices and corporate investors.
“We were very pleased with the strong reception to our latest credit offering and value the trust our
- 01/07/2015
Lanware has been awarded a three year contract to provide its cloud-based technology outsourcing services to hedge fund Finisterre Capital, part of Principal Global Investors (PGI) who took a majority stake in Finisterre in 2011.
Lanware’s suite of services will provide Finisterre with a secure virtual desktop service delivered on demand from the Lanware private cloud. Lanware will deliver a full range of compliant outsourced IT services to meet Finisterre’s technology needs.
David Hill, Chief Financial Officer for Finisterre Capital, says: “Following a strategic review of its technology, with an expanding business, new systems and an office move on
- 01/07/2015
As mainstream banks continue to face growing pressure from the alternative finance industry, a new study by Amicus Finance, a provider of short term lending solutions, has revealed the key factors driving small businesses towards alternative lenders.
According to the report, nearly half (45 per cent) of small business owners believe that alternative lenders offer more flexibility than banks, while 37 per cent said they have a greater ability to lend. A quarter (25 per cent) of small firms believe that alternative lenders outscore banks on customer service, specialist sector knowledge (24 per cent) and speed (22 per cent).
- 30/06/2015
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