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Improving existing systems, data management and risk management are top priorities for asset managers, according to Linedata’s fifth annual survey os the global asset management industry.
Existing systems for critical operations that still serve and support a firm’s business can be upgraded rather than replaced. This allows them to take advantage of new technology, features and benefits while minimising the cost and risk associated with replacing them.
When asked what would set them apart from their competition, many firms cited client service as a differentiator. Firms can distinguish themselves by the quality and expertise of the staff they have
- 11/02/2015
The hedge fund industry redeemed USD29.1 billion (1.2% of assets) in December, its largest outflow since April 2009, according to BarclayHedge and TrimTabs Investment Research.
“Hedge funds shed USD12.5 billion in the second half of 2014, a sharp turnabout from the inflow of USD87.5 billion in the first half,” says Sol Waksman, president and founder of BarclayHedge. “The industry’s inflow of USD75.3 billion for the whole year was little changed from last year’s inflow of USD76.4 billion."
Hedge fund industry assets edged lower to USD2.48 trillion in December from USD2.50 trillion the month before, according to the latest estimate based
- 11/02/2015
Calastone, the global funds transaction network, has expanded into the Nordic market with the addition of Swedish firm Wassum Securities to its trading network. Wassmum is now live and routing orders.
Wassum caters for institutional investors, unit linked companies, pension funds, family offices, foundations and fund managers. Working with Calastone will help further strengthen their trading processes in a secure, transparent and cost effective way.
Jon Willis, Chief Commercial Officer at Calastone, says: “Calastone is committed to helping the funds industry realise the benefits of risk and cost reduction by offering an interoperable and fully automated approach to
- 11/02/2015
- 11/02/2015
January has shown to the world that seismic activities are on the rise. In fact, when policy shifts increase in frequency the likelihood of policy mistakes rises with it. In 2015, Fasanara Capital expects global markets to be erratic, volatile and characterised by surprising policy shifts.
Today global markets carry visible risks as well as opportunities which are characterised by very substantial upside. As a result, Fasanara does not believe that a defensive portfolio behaviour will pay off in the current environment as safe spots are inexistent. On such basis, the firm has elected to temporarily stomach more portfolio volatility
- 10/02/2015
Multi-class asset manager La Française has signed a strategic partnership – pending regulatory approval – with Alger Management (Alger).
La Française will take a 49.9% interest in Alger, an affiliate of Fred Alger Management, a US asset management firm. Two executives of La Française will sit on the newly appointed five member Board of Alger.
This alliance offers a unique opportunity to create synergies in distribution, market development, and product diversification. La Française, through its European network and with the support of its majority shareholder, Credit Mutuel Nord Europe, will provide distribution capabilities and acceleration capital, and Fred Alger
- 10/02/2015
- 10/02/2015
Quantmetrics Capital Management is to join Lyxor’s AIFM MAP launching the first AIFMD-compliant strategy on the managed account platform.
Quantmetrics’ investment strategy will be a short-term CTA program invested in all asset classes that seeks to combine behavioural insights with quantitative analysis to capture alpha. It aims to exploit small and temporary price discrepancies in financial markets in the US, Europe and Asia by pursuing a short-term systematic trading of futures and spot FX positions.
In 2015, as the environment for CTAs has significantly improved, this strategy could be a strong diversifier to deliver positive and uncorrelated returns to
- 10/02/2015
Hedge funds started the year slightly down, but managed to out-perform the S&P 500 for the month of January, according to eVestment’s January 2015 Hedge Fund Performance Report.
While aggregate hedge fund performance was down slightly at -0.03%, hedge funds managed to beat the S&P 500 in January by 297 basis points, the most since January 2014.
Managed futures funds gained 3.04% in January and have returned 9.07% in the past six months.
Large managed futures funds – those with AUM above USD1 billion – continued to perform strongly with returns of nearly 6% in January and more than 16%
- 10/02/2015
- 10/02/2015
CLSA Americas (CLSAA) has integrated the IEX Alternative Trading System (ATS) and Smart Order Router (SOR) across its Electronic Execution algorithms.
This gives clients the option to use the IEX SOR for accessing displayed liquidity across all lit markets as well as the IEX pool when trading via the electronic, high touch or program trading desks. Since adopting the IEX SOR, CLSAA has been a Top 3 user of their Smart Order Router.
“As a full service agency broker, we seek to provide clients with a choice of tailored execution options. IEX fits well within our model of transparency and
- 10/02/2015
The vote by the Organization of the Petroleum Exporting Countries (OPEC) on 27 November 2014 to not reduce oil production levels was widely publicized and had a significant effect on managed futures and CTAs throughout Q4 2014, particularly on funds with a focus on trading oil. Throughout this period, the Brent Crude Oil price index fell by nearly 40%, from $94.80 at the close of September to $57.55 on 31 December. It is clear that the volatility of this commodity provided opportunities for funds implementing short strategies but exposed those unable to navigate the market.
As the chart below illustrates,
- 10/02/2015
Lionpoint Group has launched a new service to help alternative investments clients address manager and investor requirements for greater transparency of underlying portfolio companies and investment holdings.
Primary services include process optimisation, operational efficiency improvements and the implementation of enabling technologies to support the collection, validation, normalisation, performance reporting and analytics associated with underlying holdings in Private Capital, with a focus on Private Equity, Real Estate and Infrastructure. Offerings also include support with risk and compliance monitoring as well as Portfolio Company and underlying investment valuations.
While remaining product agnostic, the Lionpoint Group team has solution expertise with products including AssetEye,
- 10/02/2015
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