Hedge funds posted gains in November as equities traded in a wide intra-month range following the US Presidential election and as global financial markets focused on the US fiscal cliff. The HFRI Fund Weighted Composite Index gained 0.35 per cent
The Citco Group of Companies, (Citco), a provider of asset servicing solutions to the global alternative investment industry, is partnering with S3 Partners, to integrate the data analytics firm’s BLACKLIGHT Treasury Management solution into its offering. S3 Partners’ real-time, independent
The Depository Trust & Clearing Corporation (DTCC) is planning to strengthen intraday settlement finality in the US financial markets by proposing the implementation of major structural changes in the settlement of equities, corporate debt and municipal debt securities over the
CAIS, the financial-technology solutions provider, has launched the CAIS Exchange, the first online alternative investment marketplace designed for the wealth management industry. The CAIS Exchange (CAIS-X) offers access to a broad menu of top-tier funds and products, independent due diligence
Plato Partnership, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, is collaborating with BMLL Technologies to provide twelve daily T+1 market quality metrics to enable more transparency and information across the trading landscape in Europe. This
Hermes Fund Managers, an asset manager offering investment solutions for institutional clients, has selected client communications specialists Equipos to deliver its enterprise-wide client reporting infrastructure. Hermes will use Equipos Coric to automate the production of client reports and streamline client
SteelEye, a compliance technology and data analytics firm, has launched a new ‘MiFID II Eligibility as a Service’ tool. MiFID II brings many challenges to buy and sell-side firms, including the requirement to report trades to the regulator on a
GlobeOp Managed Services will partner with business communications provider Intermedia to offer Outlook 2010 desktop functionality through Microsoft Exchange as a hosted service. The enhanced private cloud service enables GlobeOp to offer clients the benefits of full collaboration functions of
Outsourcing the trading function has become an important trend within the hedge fund industry as managers, both large and small, look to generate marginal gains by reducing the cost of operations. A report by Greenwich Associates in December 2018 found
LCH.Clearnet Group will extend its clearing business for OTC interest rate instruments to Australian banks. LCH.Clearnet will apply for an Australian clearing and settlement facility licence that would enable it to offer its SwapClear OTC interest rate swap clearing to
