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There has been an acceptance across many top-tier hedge funds that some of the operations they perform, whilst important, are not clear differentiators but rather diversions to their core task.  “Ultimately, the ability for a hedge fund to grow and reproduce is a function of its ability to raise capital and generate alpha,” says Bennett Egeth, President of Broadridge Investment Management Solutions. “Anything that doesn’t fall into those two buckets is non-differentiating, and thus not a good way for the manager to spend time and resources. “There is an increasingly widespread acknowledgement that the skill needed to run the technology
“The major changes we see are in demands for access to data and demands for accuracy. Our clients want to see data more in real-time, anytime, anywhere. There is a lot more information that has to be managed and accuracy is required,” observes Bob Forsythe, IT Manager at UMB Fund Services.  Understandably, administrators are looking to smartly deploy technology to meet these data flow demands so as to provide access, minimise data entry mistakes, make sure processes are efficient and ensure that all of a manager’s regulatory and compliance requirements are identified and addressed. To stay ahead of the curve,
With institutional dollars now dominating the hedge fund industry, managers are facing far more stringent operational due diligence assessments. Pension funds and endowments are hiring dedicated ODD teams simply to go in and find reasons not to invest in managers. The bar, when it comes to raising capital, has never been higher. Backstop Solutions Group has been a pioneer in providing a Software-as-a-service platform to the alternative funds industry since 2003, so as to help managers operate more efficiently. As such, it is able to sit in the middle and take a unique view on the way investor relations teams
Technologists are responding rapidly to the operational demands of hedge fund managers as COOs and CCOs search for greater simplicity in an increasingly complex business environment. Compliance and regulatory demands are manifold. As such, managers need the confidence, and, importantly, the customisation of software solutions to help them integrate their operational workflows.  “One of our key value propositions is that all of our solutions are customisable based on the needs of the manager. In that sense, we become partners and an extension of their operations team,” says Mark Daniel, Principal at Imagineer Technology Group.  There are two clear trends that
CME Group has launched physically delivered Zinc futures contracts to begin trading on 29 June, 2015, pending all relevant regulatory review periods. These new Zinc futures contracts will build on CME Group's suite of physically and financially settled base metals products, and provide greater transparency and price discovery for market participants in North America and around the globe. Zinc futures will be priced in US dollars and will represent 25 metric tons of physical material, beginning with the October 2015 listed month. "Customers across the global physical commodities value chain rely on the accurate price discovery and risk transfer that
Hedge fund Harness has chosen Carne Group to provide an independent management company solution for its new Luxembourg UCITS fund. Harness is making use of Carne’s independent UCITS compliant management company in Luxembourg to support the launch.  In addition Carne is also providing two independent directors to the Board of the SICAV. Harness and Carne worked together on project managing the successful launch of the fund; Carne liaised with the Luxembourg regulator and helped to manage the approvals process. Harness was established in 2009 as a specialist asset manager. The firm’s objective is to deliver absolute returns within the global
More than 500 people attended the Guernsey Funds Forum 2015 in London last week, which was hosted by ITV news anchor, Alastair Stewart, OBE. The keynote speech was delivered by Guernsey resident and private equity specialist Guy Hands, Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited. Dominic Wheatley, Chief Executive of Guernsey Finance, says he was delighted with the number and quality of attendees, as well as the content of the sessions. “The event allows us to reinforce and build upon our key relationship with the City of London so to have attracted such an impressive number
By James Williams – The USD9 billion IPO by Lending Club last November was a significant shot in the arm for the peer-to-peer (‘P2P’) lending space and sent out a clear message to the banking industry: the old-school way of providing finance to companies and individuals is under threat.  Lending Club is one of a number of platforms that are legitimising the online lending market; one that investors still remain slightly in the dark about but nevertheless one that offers compelling investment opportunities.  “The average person still has no idea this is going on. People in the finance world have certainly
In a volatile market environment, hedge funds have exhibited high performance dispersion since the end of April, both at the strategy and the fund level. This proved true again last week, with the Lyxor Hedge Fund index posting a flat performance, up 0.06%, but hiding significant discrepancies behind the scenes.
The eFix Matching solution – a collaboration between EBS, ICAP's electronic foreign exchange business and Global Broking – has seen growth of over 160 per cent in average daily volume (ADV), since its launch one year ago in May 2014.  eFix Matching, which enables customers to execute Fix interest electronically on the EBS Market platform, provides anonymous access to a central pool of liquidity for the most liquid daily fixes, including the ECB 13:15 Fix, WMR 16:00 Fix, HSRA AUD/USD Fix and EMTA USD/RUB Fix, and improved global matching opportunities. A growing proportion of the ADV (approximately 25 per cent)

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