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New York-based Liquid Holdings Group has developed a real-time risk analytics solution for those who manage multiple accounts, traders or strategies, and as a result require an aggregate view of market and liquidity risks. The new solution, LiquidFIRM (Financial Intermediary Risk Management), is the latest addition to Liquid’s cloud solutions and services.
“LiquidFIRM is unique in that it allows intermediaries to manage both pre-trade compliance and post-trade risk across underlying mangers and strategies. It empowers the intermediary’s risk oversight desk to do things like limit the buying power of certain managers, put fat finger checks in place and so on,
- 29/09/2014
Cyber security has quickly become a headline risk for hedge fund managers. On 15 April 2014, the SEC issued its Cyber-Security Risk Alert, a detailed 26-point questionnaire that aims to address various elements of a hedge fund’s technical and operational infrastructure to determine how vulnerable it is to cyber attacks and data theft.
This initiative is being driven by the SEC’s Office of Compliance Inspections and Examinations. It will assess 50 individual firms and based on its findings will draft a set of final guidelines for hedge funds to adhere to. This is essentially a way to address ‘technology risk’
- 29/09/2014
In the last few years, operational due diligence on hedge fund managers has taken on the same level of forensic detail as the hit TV show CSI New York. Given that this has coincided with greater institutional allocations, it is entirely understandable; mom and pop’s pension is at risk.
To be sure, no institutional investor can take a punt on allocating to a hedge fund manager, no matter how stellar their track record, if the operational infrastructure in place simply doesn’t meet the required standard. In a report published by Castle Hall Alternatives earlier this year entitled Six Principles of
- 29/09/2014
- 29/09/2014
Frankfurt-based Tungsten Capital Management’s Artificial Intelligence CTA programme, which was taken live 12 months ago, has delivered strong returns.
The firm's UCITS CTA Tungsten TRYCON Basic Invest HAIG had previously been managed as a trend follower like most of its peers.
After many years of research, it has left the beaten path that CTAs have traditionally taken and redefined the CTA concept, employing sophisticated statistical methods from the field of Artificial Intelligence.
The new “QuantMatrix” strategy was taken live in September 2013. Since then, the fund has returned 11.9 per cent, with a volatility of only 7.4 per
- 29/09/2014
Context Asset Management has appointed Andrew Wert as managing director and senior portfolio manager for single-manager funds.
In his new role, Wert is responsible for the investment management of Context's single-manager products, including portfolio structure and design, sub-adviser selection, due diligence and risk management.
Context launched its inaugural product, the multi-manager and multi-strategy Context Alternative Strategies Fund (CALTX), earlier this year.
"Andrew has nearly two decades of experience leading asset allocation, risk management and proprietary trading for financial institutions and endowments, which uniquely positions him to help us expand our product offerings," says John Culbertson, managing director and
- 29/09/2014
UBS Global Asset Management this week announced the listing of four ETFs on the London Stock Exchange. The funds track the Dow Jones Global Select Dividend and MSCI Emerging Markets SRI indices as well as the MSCI USA index.
The UBS DJ Global Select Dividend UCITS ETF is a new product offering exposure to the top dividend paying companies globally. The underlying index is weighted by dividend yield with the constituent stocks selected on fundamental strength relative to peers, subject to dividend strength and liquidity.
UBS was the first asset manager to offer ETF exposure to the MSCI Socially
- 28/09/2014
BlueCrest’s Leda Braga is to leave the USD27bn hedge fund operation to separately run her USD8.3bn systematic fund BlueTrend, plus the smaller BlueMatrix fund, under a new company called Systematica Investments.
Systematica Investments will be majority-owned by Braga and her team, with BlueCrest holding a minority economic interest. Braga’s 100-strong team will continue to be based in Geneva. The move will allow Braga and her team to concentrate on developing systematic trading strategies with competitive fee structures.
BlueCrest founder Mike Platt will continue to oversee the company’s remaining USD17.8bn of AuM, including the AllBlue and BlueCrest Capital International funds.
- 28/09/2014
PIMCO co-founder and CIO William H Gross is leaving the firm to join Janus Capital Group where he will manage the recently launched Janus Global Unconstrained Bond Fund and related strategies.
Gross joins Myron Scholes, PhD, and other members of the Janus team focused on global asset allocation. His employment will be effective 29 September, 2014 and he will begin managing the Janus Global Unconstrained Bond Fund and related strategies from 6 October, 2014.
PIMCO has a succession plan in place and its Management Board, comprised of its Managing Directors, is expected to confirm shortly the election of a new
- 27/09/2014
- 27/09/2014
Gatekeepers anticipate increasing the proportion of alternative investments used in institutions' portfolios through 2015, according Cerulli.
The September 2014 of The Cerulli Edge – US Monthly Product Trends says consultant and institutional investor demand bodes well for asset managers overseeing alternative asset strategies.
At USD11.9 trillion and USD1.9 trillion, respectively, mutual funds and ETFs are at their highest asset levels since January 2014.
The large-blend and foreign large-blend categories captured the most flows for mutual funds in August and 2014 YTD.
ETF flows increased by 20 per cent from July to August, but they lagged behind June's
- 26/09/2014
Lombard Odier Investment Managers (LOIM) has appointed Andrea Argenti as country head for its business in Italy, effective December 2014.
Argenti joins from BlackRock Investment Management where he spent the last 14 years and since 2006 was head of retail Italy for that business.
Before joining BlackRock in 2000, Argenti was a sales manager at Société Générale Asset Management in Milan and began his career at Alcor, Solvay Group.
He will be based in Milan and report to Hubert Keller, chief executive of LOIM and a managing partner of Lombard Odier.
“Italy is a key market for
- 26/09/2014
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