This year’s Covid-19 stock market upheaval has revealed an “Achilles’ heel” in quantitative hedge fund models that use traditional factors such as momentum and value, as machine-based strategies have struggled against “unique new drivers of stock returns that don’t fit the academic models”, says Man FRM.
Technology & software solutions
Diligend, a financial data collection and analysis software provider, has laucnhed an ESG and Diversity disclosure module for Limited Partners (LPs), General Partners (GPs), consultants, fund of funds, fund managers and fund administrators.
Exactpro, a software testing provider for financial market infrastructures, has launched th2, a next-generation test automation toolkit for functional and non-functional testing of complex financial systems.
ALPIMA, a B2B SaaS platform for investment management and product design, has launched ALPIMA Notebooks 2.0, an enhanced module that enables quant and development teams to build, develop and implement high-quality investment strategies – faster and better.
Norway Data Center operator Bulk Infrastructure has been selected by a London based Quant hedge fund to house its High Performance Computing (HPC) system.
CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service.
Bloomberg has launched a new tool to help calculate the full cost of foreign exchange trades on FXGO, its electronic trading platform on the Bloomberg Terminal.
Insurance-linked securities manager Securis Investment Partners has implemented Indus Valley Partners' pricing automation solution, IVP Price Master.
GH Financials (GHF) has selected Eventus Systems to meet its trade surveillance needs worldwide. The London-based exchange-traded derivatives clearing firm will deploy the cloud-based version of the Eventus Validus platform beginning in early 2021.
BondIT, an independent portfolio construction technology provider for fixed income, and Scorable, a provider of AI-driven credit analysis, are to merge and combine their technologies in a bid to transform fixed-income investing.