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By Donald A Steinbrugge, CFA – Managing Partner, Agecroft Partners – It is no secret that the hedge fund industry is viewed negatively by a large portion of the general public, but should it be?
Such a perception is driven primarily by the fact that most hedge funds are not permitted to market themselves to the general public, and because the mainstream media has a negative bias toward their coverage of the industry. The average person is inundated with negative articles creating the image that: 1.) Most hedge fund managers are dishonest and frequently commit fraud or violate insider
- 25/03/2015
Eze Castle Integration has received the UK Government Cyber Essential Certification following a review of the company’s security controls by certification-body Indelible Data.
Cyber Essentials has been developed as part of the UK’s National Cyber Security Programme and aims to guide businesses in protecting themselves against cyber threats. Certification confirms that Eze Castle Integration follows the cyber security practices outlined by the UK government to safeguard against cyber-attacks.
“Cyber security concerns in the financial services industry abound and rightfully so. As the leading hedge fund technology service provider, it is our duty to demonstrate that we take all the
- 25/03/2015
FD has acquired ActivateClients Limited, in a deal worth EUR4.75m (GBP3.4m), of which EUR1.5m (GBP1.1m) is payable in cash and EUR3.25m (GBP2.4m) is payable through the issue of 183,185 FD new ordinary shares.
The earnings enhancing acquisition provides complementary software products, particularly HTML5 capabilities, that are expected to enhance the FD’s software platform.
The vendors of ActivateClients include Pat Brazel and Keith MacDonald, who are Non-Executive Directors of FD. Following the acquisition Brazel, who is Chief Executive Officer of ActivateClients, has been appointed Global Head of Software Sales for FD and will step down from the Board of the
- 25/03/2015
The majority of institutional investors actively consider ESG criteria when making alternative investment allocations, according to a survey by LGT Capital Partners and Mercer.
The survey of 97 institutional investors in 22 countries, also found that most believe ESG improves risk-adjusted returns and is an important aspect of risk and reputation management. Titled “Global Insights on ESG in Alternative Investing,” the research focuses on why and how institutional investors incorporate ESG considerations in alternative asset classes.
According to the survey, ESG factors are actively considered by a large majority of institutions investing in alternative assets. More than three-quarters of respondents
- 24/03/2015
Calastone has added the National Bank of Abu Dhabi (NBAD) Global Asset Management to its global order routing community.
NBAD was Abu Dhabi’s first local bank and played a pioneering role in building the country’s financial system. Today, NBAD has one of the largest networks of branches and offices domestically in the UAE, and international offices in 18 countries.
Calastone has been successfully serving its fund manager, distributor, platform, custodian and fund administration clients since it launched in 2008. Today, more than 760 clients in 22 domiciles around the world are connected to its global transaction network. This announcement
- 24/03/2015
Hotspot, an institutional foreign exchange (FX) market owned and operated by BATS Global Markets, is expanding its European presence with the launch of its first Europe-based FX matching engine.
BATS President Chris Concannon said, “This project is important for our current – and future – customers as it gives BATS a larger footprint in the leading trading centre in the FX world. As home to more than 50% of currency trading globally*, and growing, the European market is a top priority for the Hotspot team.
“BATS already operates Europe’s largest equities exchange and we have similar ambitions for Hotspot
- 24/03/2015
- 24/03/2015
ConceptONE has appointed Boris Tiomkin as Executive Chairman. Tiomkin will be primarily responsible for leading ConceptONE’s strategic planning and business development efforts.
He expected to work with the firm’s management team to accelerate the company’s expansion in the Americas and Europe, and extends its reach to Asia. Tiomkin will report directly to the ConceptONE Board.
Tiomkin brings over 30 years of financial services industry experience and, more specifically, extensive knowledge and expertise in the fund services business. Most recently, Tiomkin sold the firm he founded, AIS Fund Administration, to US Bancorp, the fifth largest bank in the United States. Prior
- 24/03/2015
GBST is to integrate and offer the in-memory computing capabilities of the SAP HANA platform with its financial transaction tax product, GBST Syn~FTT.
The bundled solutions are expected to allow investment banks and stockbrokers to process equities trades in compliance with the European financial transaction tax, which is active in France and Italy and expected to be implemented by 10 European countries effective 1 January 2016.
GBST's chief executive officer, capital markets, Denis Orrock, says: "The SAP HANA platform enables GBST's financial transaction tax product to deliver exceptional performance. We anticipate that this will allow capital markets participants to manage
- 24/03/2015
The private debt industry has more than tripled in size since 2006, with assets under management (AUM) increasing from USD152bn to USD465bn as of June 2014. Ryan Flanders, Executive Editor of the newly released 2015 Preqin Global Private Debt Report, examines the growth of the asset class.
The global private debt market, also referred to as the alternative or non-bank lending industry, is fast approaching USD500bn in AUM. The industry has seen steady growth over recent years, spurred on by the growing opportunity of providing private companies with debt financing in the face of bank regulation. One of the
- 24/03/2015
Private funds pose the greatest systemic risk for the investment management sector based on key risk indicators identified by the Financial Stability Board's (FSB) latest consultation paper, according to Fitch Ratings.
The paper on non-bank, non-insurance financial institutions that may pose systemic risk takes a dual approach for investment management, focusing on investment funds and asset managers, was published earlier this month. The latest FSB consultation paper identifies size (with and without regard to leverage), substitutability, interconnectedness, complexity and cross-jurisdictional activities as potential drivers of systemic risk in the investment management space. These factors are considered in the context of
- 24/03/2015
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