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Hedge360’s Risk Reporting Service, as part of the platform’s managed service offering, equips managers with the tools needed to manage and effectively report risk to an institutional standard.
Laurence Wormald identifies this growing level of institutionalisation, coupled with regulatory requirements, which under AIFMD in Europe are akin to the UCITS regime, as two primary drivers for enhanced risk management.
“Hedge fund managers essentially need to mirror the same levels of risk management that institutional managers have been doing for many years. We’re very familiar with that. SunGard has over 175 institutional clients using our risk solution; we know what
- 03/11/2014
- 03/11/2014
Global Derivatives Indices (GDI) has formed a strategic partnership with Tradition, the interdealer broking arm of Compagnie Financière Tradition, to use prices from Trad-X to calculate a new USD version of GDI’s Constant Maturity Index (CMI).
This will underpin the GMEX interest rate swap (IRS) Constant Maturity Futures (CMF) contracts.
Under the terms of the partnership agreement, GDI will source firm tradable bids and offers from Trad-X, Tradition’s global trading platform, to calculate a new USD-denominated weighted-average index designed to reflect the USD IRS market in real-time. Additionally, Trad-X will contribute prices to the existing GDI EUR IRS index
- 03/11/2014
- 03/11/2014
EY (Ernst & Young) last year published an operational efficiency survey and in it, they found that 40 per cent of respondents had already outsourced their middle office functions (26 per cent), or planned to over the next two years (14 per cent). Aside from the cost benefits, managers have to demonstrate that their operations are institutional-grade quality. Investors now ascribe the same level of importance to a manager’s operational infrastructure as they do the investment thesis and track record.
This is driving managers towards the adoption of managed services. One of the primary reasons for doing so is the
- 03/11/2014
- 03/11/2014
SunGard’s Hedge360, a cloud-based platform that launched in 2012, puts the power of institutional-grade controls firmly in the hands of hedge fund managers as they strive to achieve institutional-grade credibility. The platform supports the full lifecycle of a fund’s activities front through back, seamlessly integrating its full range of solutions from Front Arena, VPM, InvesTier through to risk management via APT.
Aside from the technology capabilities of Hedge360, which managers can avail of either as an installed or hosted option, what is really driving uptake in the platform – largely because of institutional demand – is the managed services component.
- 03/11/2014
- 03/11/2014
Source this week announced the listing of the Source EURO STOXX Optimised Banks UCITS ETF on the London Stock Exchange. The fund provides exposure to banks within the Eurozone and is optimised to reduce exposure to illiquid stocks.
Michael John Lytle, Chief Development Officer, said that the results of the European Central Bank’s Asset Quality Review have shed light on the health of the region’s banks as well as the broader European economy. “For investors who want to increase their exposure to Eurozone banks, this ETF provides the opportunity to gain access quickly and efficiently. It is the second banking
- 03/11/2014
CBOE Holdings' net income allocated to common stockholders was of USD48.1 million, or USD0.57 per diluted share, for the third quarter of 2014, compared with USD41.0 million, or USD0.47 per diluted share, in Q3 2013.
Operating revenue for the quarter was USD148.9 million, up nine per cent compared with USD136.7 million in the third quarter of 2013.
There were no non-GAAP adjustments for the third quarter of 2014 or 2013.
"Our strong third-quarter results reflect improved trading volume both sequentially and year-over-year across each of our product categories, as more normal levels of volatility returned to the market,"
- 03/11/2014
Hedge fund law firm Kleinberg, Kaplan, Wolff & Cohen has appointed Jared R Gianatasio as senior counsel where he will focus his practice on investment funds and derivatives.
He was previously a senior associate in the New York office of Shearman & Sterling where he practiced in the firm’s derivatives and investment funds practice.
Gianatasio follows the arrival, in August, of Joseph Iskowitz to the firm’s hedge fund practice.
Gianatasio has extensive experience representing market participants in the structuring and documentation of complex over-the-counter and exchange-traded derivatives transactions.
This includes developing, drafting and negotiating highly structured derivative
- 03/11/2014
- 03/11/2014
With lower expectations for traditional assets, many institutional investors have increased their allocation to more flexible, alternative assets to secure both performance and diversification for their portfolios. As a result, hedge funds are now growing faster than any other types of assets.
Multi Hedge-Funds bring a combination of expertise to meet investor transparency requirements and optimize the risk-return ratio. It makes it easier to access a range of strategies adapted to volatile market context, which are often too complex to analyze and select directly.
Sources of performance can be better identified, with a more precise and detailed view over
- 01/11/2014
NewSmith Asset Management has appointed Michael Wahnich as head of risk.
This follows Charles Hopkinson Woolley’s recent appointment as head of alternatives and product, and Guy Jackson as head of compliance.
Wahnich joined from International Asset Management where he was head of risk. He has extensive risk experience including at Brevan Howard, from 2006 to 2012, where he oversaw equity and systematic trading.
Jackson joins from Nutmeg where he was compliance officer and money laundering reporting officer. He has previously held head of compliance positions at Rexiter Capital Management and Inscape (Santander’s Wealth Management Division).
Chief executive
- 31/10/2014
National Futures Association (NFA) has ordered commodity pool operator Belvedere Asset Management to permanently withdraw from NFA membership.
NFA also has ordered the firm's chief executive officer, principal and associated person (AP), Keith D Pagan, to withdraw from NFA membership for a period of five years.
The decision, issued by NFA's Business Conduct Committee, is based on a complaint filed on 30 June 2014 and a settlement offer submitted by Belvedere and Pagan.
The committee found that Belvedere and Pagan failed to reimburse the Belvedere Alternative lncome Fund (BELIX), a commodity pool that Belvedere operated, for excess expenses
- 31/10/2014
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