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StatPro Group, an AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has acquired ODDO BHF’s regulatory risk services bureau, for an undisclosed sum in cash.
The acquisition adds a full, managed service for regulatory risk reporting capability, which will use StatPro’s existing Revolution platform, expanding the service delivery options for StatPro clients. It also adds ten new clients to StatPro’s client base in Germany and Luxembourg. The service will be marketed by StatPro throughout the EU.
StatPro expects annual revenue levels for the acquired service to remain broadly similar for
Hector McNeil (pictured), co-Founder and co-CEO, HANetf presents his most recent commentary, arguing: The Case for Non-Transparent Active ETFs.
Growth in the ETF industry is sustained, long-term and global – at the time of writing, there have been 51 months of consecutive net inflows to the industry.
This expansion is being sustained by both internal innovation and external mega-trends. The previous HANetf paper ‘Win the Future’ described the external influences that are fuelling the unprecedented growth of the global ETF industry – automation, technology, focus on fees and regulatory initiatives – but the ETF industry is also seizing the
HFR has launched the HFR Bank Systematic Risk Premia Indices which includes 40 indices delineated along a nested matrix of established risk premia asset type and strategy.
HFR says risk premia strategies have experienced a surge in interest from both institutional and retail investors as a result of high liquidity and flexible tactical exposures. The universe of bank risk premia strategies surpassed USD700 billion in notional capital in 2018 and leverages a universe of over 1,200 risk premia products.
The HFR Bank Systematic Risk Premia Indices offer daily performance reporting categorically delineated across a robust asset type and
Hedge funds posted another positive yet meagre gain in June, dragged down by the losses of emerging markets managers, according to data released by Eurekahedge.
Distressed debt hedge fund managers maintained their position across strategic mandates with their year-to-date return, despite the lack of significant movement in the high yield and leveraged loan markets.
CTA/managed futures hedge funds continued to struggle as the commodity markets came under the pressure of trade war concerns and tariff spat between major economies.
Fund managers focusing on emerging markets struggled during the month as the underlying equity markets came under the pressure
After being just slightly positive in April 2018, hedge fund AUM were just slightly negative in May of this year, with investors pulling USD1.59 billion from the industry during the month, according to the latest eVestment Hedge Funds Report.
Overall year-to-date fund flows are still positive, at +USD12.51 billion, with overall industry AUM sitting at USD3.319 trillion.
Despite the visible negativity, there are still many products gaining assets, but for each gainer there was another losing a little bit more. For instance, among hedge fund types, Equity-focused funds pulled in +USD3 billion in May and Commodities funds pulled in
LGT Capital Partners reports that European alternatives managers’ adoption of ESG principals has increased.
The sixth annual ESG Report assessed some 294 managers globally, grading them on how successfully they have integrated environmental, social and governance (ESG) considerations into their investment activities.
The report found that the majority, at 58 per cent, of private equity firms are rated as either ‘Excellent’ or ‘Good’ in terms of ESG integration, compared to just 27 per cent in 2014, indicating that this has been made a priority by private equity managers.
Europe continues to lead the way in ESG integration, particularly
London Stock Exchange Group (LSEG) has taken a minority stake in AcadiaSoft, a provider of margin automation solutions for counterparties engaged in collateral management worldwide.
Along with this investment, AcadiaSoft has signed a preliminary agreement that will enable further collaboration with LCH SwapAgent on the development of new products to automate and standardise the margin process for non-cleared derivatives. AcadiaSoft and LCH SwapAgent will work together to provide global derivatives market participants with a seamless operational process for margin calculation.
“This investment by London Stock Exchange Group is a significant building block to a fully automated post-trade process for
Pacific Alternative Asset Management Company (PAAMCO) has launched PAAMCO Launchpad, a co-investment platform for seeding and supporting emerging hedge funds. Employees Retirement System of Texas (ERS) is the inaugural PAAMCO Launchpad partner.
ERS and PAAMCO believe the PAAMCO Launchpad platform will prove to be a compelling solution to help burgeoning managers with high-growth potential establish institutional-calibre firms. The ERS/PAAMCO Launchpad partnership builds on the long experience that both ERS and PAAMCO have in hedge fund investing, particularly with early-stage managers.
By combining their vast resources, experience and investment capital, ERS and PAAMCO believe they can provide a meaningful opportunity to
Steele Compliance Solutions (Steele) has acquired TransparINT, a technology company harnessing artificial intelligence (AI) technology to provide the next generation of compliance tools.
TransparINT’s negative news monitoring application uses machine learning and natural language processing (NLP) to filter vast quantities of unstructured data from millions of sources to identify risk potential efficiently. This acquisition creates a unprecedented combination of software technology and human plus artificial intelligence, all designed to deliver an industry-leading set of compliance and risk mitigation tools.
TransparINT’s proprietary AI engine harnesses over 5 million sources to compile risk records on over 43 million entities and individuals
Hedge funds have successfully navigated recent choppy waters, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team with the Lyxor Global Hedge Fund Index slightly down at -0.4 per cent. Strategies with the highest market beta underperformed.
The long L/S Equity strategies underperformed, specifically EM and Asian strategies, hit by trade war tensions. On the other side of the spectrum, Market Neutral funds suffered moderately from a momentum reversal and their short sensitivity to low beta stocks.
Merger Arbitrage specialists outperformed. The strategy fits well with current market conditions on the back of their low sensitivity
