CTA managers posted positive performance in the two full days of trading after the referendum results – Friday 24 June and Monday 27 June – according to Societe Generale Prime Services’ CTA Indices. In the immediate aftermath of the result
GAM has bought USD4 billion Cantab Capital Partners for a USD217 million upfront cash payment. GAM is also to launch the GAM Systematic investment platform, focused on quantitative investing across long only and alternative strategies. The firm writes that
Neptune, the open standards network for pre-trade indications in bond markets, has formed a new company, Neptune Networks Ltd, to run the utility. The board will be comprised of members of the banks and asset managers involved in the collaboration
Value Line Funds, a mutual fund company comprised of equity, fixed income and hybrid funds with assets exceeding USD2 billion, has completed the acquisition of the Alpha Defensive Alternatives Fund. The Fund has been renamed the Value Line Defensive Strategies
Apex Fund Services has seen its biggest growth month in the firm’s history by taking on USD2.7 billion worth of new business in June 2016, 60 per cent of which was converted from other fund administrators. The Apex Group added
Third Point Reinsurance has entered into new long term investment management agreements with Third Point (Third Point). At its inception in December 2011, Third Point Re retained Third Point as its exclusive investment manager under a five year investment management
The UK financial services sector’s infrastructure is chronically unprepared to deal with the regulatory changes that will come as a result of the country leaving the EU, according to financial services management and technology consultancy Brickendon. Compliance and regulatory costs
Catella has confirmed media reports that four fund managers from Catella Fondförvaltning have chosen to leave the company. Erik Kjellgren, head of Catella’s Swedish fund management operations, says: “We regret that these individuals have chosen to leave Catella. Catella has
Intercontinental Exchange (ICE), a leading operator of global exchanges, clearing houses and data services, has introduced the expanded ICE Data Services, bringing together proprietary exchange data, valuations, analytics, desktop tools and connectivity solutions from across ICE and the New York
Cloud technology – The scale of a manager's IT infrastructure will largely depend on the type of trading strategy. A quantitative market neutral statistical arbitrage fund is likely going to spend more capital on front-office portfolio management, risk management systems and
