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CRYEX has filed an application with the Swedish Finansinspektionen (SFSA) to become a regulated clearing organisation and create a member-only marketplace with clearing and settlement for FX and digital currencies.
Cryex is managed by a highly experienced team of banking and exchange executives with a record across FX and capital markets, technology, regulatory, risk and security management.
Simon Nathanson, Chairman of Cryex Clearing AB and one of Sweden's most experienced exchange executives, says: “Cryex has a unique model to clearing and settlement and has all
- 08/05/2015
Man Group’s latest trading statement for the quarter ended 31 March 2015 reveals that funds under management (FUM) are up 7 per cent to USD78.1 billion as at 31 March 2015 (31 December 2014: USD72.9 billion).
Current FUM are estimated at USD82.0 billion including USD2.4 billion related to the acquisitions of NewSmith and BAML fund of funds.
All Man’s managers achieved positive investment performance adding USD4.3 billion to FUM in the quarter and good performance across AHL’s range of strategies led to USD1.3 billion of positive investment movement in quant alternative strategies in the period.
Asset weighted outperformance of
- 08/05/2015
Man GLG, the discretionary investment management business of Man Group, has appointed Simon Pickard and Edward Cole as portfolio managers of the soon to be launched Unconstrained Emerging Equity strategy.
Pickard and Cole join the firm from Carmignac Gestion, a leading European asset manager, and they bring 32 years of combined experience in financial markets.
Pickard was formerly head of emerging market equities at Carmignac Gestion, running its large and mid-cap Global Emerging Markets funds for the last six years. Pickard has worked in finance across EMEA and the Emerging Markets for over 18 years. He previously worked for
- 08/05/2015
In April, initial gains in several markets reversed as US data weakened versus expectations. In addition to a fall in the US dollar, European equities gave back their earlier positive returns, safe-haven sovereign bonds sold off and oil rallied significantly.
The US Dollar index was down 3.8 per cent; the DAX index was down 4.3 per cent in euro terms; German Bunds, US Treasuries and UK Gilts all sold off; and WTI crude oil futures rallied by 20.9 per cent. These reversals in key markets proved challenging for global macro hedge funds in April, however, traders expect many of the
- 08/05/2015
Sprott Asset Management has appointed Mark Wisniewski as Senior Portfolio Manager. Wisniewski is a fixed income specialist with a depth of experience in portfolio management and the trading and analysis of debt securities.
Over the course of his career, he has managed several significant fixed income mandates at some of Canada’s leading asset managers.
“Mark is a proven portfolio manager with decades of experience in fixed income investing and an excellent long-term track record,” says John Wilson, CEO and Co-CIO of Sprott “His addition strengthens our fixed income capabilities and positions us well in this core category. We are pleased
- 07/05/2015
Lawson Conner, a provider of investment management and compliance solutions to the alternative investment fund industry, has launched ‘Discovery’, an AIFM integrated offshore Investment Management Platform.
‘Discovery' will be structured as a Cayman Islands Segregated Portfolio Company (SPC), offering both EU and non-EU domiciled investment managers the opportunity to utilise a prompt and cost-effective 'plug-and-play' solution for multiple jurisdictions, while still offering fund managers the safety they would expect from operating their own dedicated fund structure. Funds can be launched within four-weeks under Cayman Islands law and in line with AIFMD regulations. Each ‘Discovery’ sub-fund has segregated liability and is therefore
- 07/05/2015
Private debt fundraising and funds currently in market are examined in this extract from the Preqin Quarterly Update: Private Debt, Q1 2015.
Fundraising in Q1 2015
Q1 2015 saw 19 private debt funds reach a final close, securing an aggregate USD16 billion in commitments. This is a drop on the USD22 billion raised in Q4 2014 by 28 funds, but an increase on the amount of capital raised in the first quarter of 2014, when USD12 billion was accumulated (Fig 1).
Mezzanine fundraising accounted for the vast majority (70%) of capital raised in Q1 2015, with the bulk of
- 07/05/2015
Data management is no longer simply an internal challenge for asset managers as they face increasing pressure from clients to respond to growing demands for data, according to RIMES, a provider of managed data services for the buy-side.
This comes at a time when the industry is battling to improve data quality and governance while also reduce data costs.
Growing client demand for data is now having a much larger impact on asset managers’ decisions relating to data management, according to the findings published today in the third RIMES 2015 Buy-Side Survey.
The survey analysed responses of more than 120
- 07/05/2015
Prior to the global financial crisis (GFC), risk management and reporting commonly formed part of the investment management function, says Max Hilton (pictured) of Clarus Risk.
Where risk staff report in to the portfolio management team, there is a potential conflict of interest within the application of risk policy and, as a result, the effective implementation of risk management. In the ‘low volatility, high return environment’ prevalent prior to the GFC, weak risk management structures were not tested and the concerns resulting from a portfolio manager being the sole arbiter of risk and reward less appreciated.
Investor interests
Following the
- 07/05/2015
Years of history and painstaking development — component by component, some proprietary and some purchased — have shaped the operational frameworks that distinguish midsize to large hedge fund managers from each other. These substantial investments in back- and middle-office technologies — including general ledger, data warehousing, and shadow books and records — result in a level of business intelligence unique to each manager, says Viteos Fund Services…
Keep legacy systems
It is only natural after such time and effort that managers remain committed to their systems and processes. Nevertheless, as they reach their growth targets, their need for scalability drives
- 07/05/2015
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