Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m. The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model. “In the finance world, arbitrage is
The Bank of New York has created a data warehouse for funds of hedge funds aimed at providing an automated and secure solution for meeting the real-time information needs of managers.
Fiona Le Poidevin, the current Deputy Chief Executive of Guernsey Finance, will take over as Chief Executive from Peter Niven with effect from 30 June. Niven has been with Guernsey Finance since 2006 and will continue to act in a
In an environment of fund fee compression, leveraging a private managed account platform may offer an easier way for an outsourced chief investment officer (OCIO) to get approval from pension fund investment committees. The traditional consultant model has been non-discretionary,
Digital Vega, an FX Options e-trading platform and provider of FX Options trading solutions, has made two senior appointments – Simon ‘Benny’ Lewis as Head of Interdealer Solutions, and Romain Camus as Head of Exotic Options. Lewis spent 20 years
Universal-Investment and London-based fund manager Stratton Street have launched the Stratton Street UCITS Renminbi Bond Fund UI. This new UCITS fund follows the Renminbi Bond Fund managed since 2007 by Stratton Street. The original strategy was set up before
Frontier Capital Management, an investment management company that combines both traditional and alternative asset classes, has promoted Andrew Cracknell to head of intermediary business. This includes IFA and discretionary wealth managers focused largely on the UK. Cracknell joined Frontier Capital
Following the recent acquisition of Singapore-based Silver Metis Capital Management, J O Hambro Capital Management has decided to launch two Asia-focused Ucit
Since 2012, K2 Advisors, one of the industry’s largest hedge fund advisory groups, has been part of Franklin Templeton Investments. It has, in many ways, been an ideal marriage, with K2 bringing alternative fund solutions expertise and Franklin Templeton bringing
