Funds
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2018 measured -0.09 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, declined 1.40 per cent in April.
“SS&C GlobeOps’ Capital Movement Index for April 2018 of -1.40 per cent reflects net outflows for the month, in line with normal seasonal patterns. On a year-over-year basis, the net outflows of -1.40 per cent for April 2018 were somewhat higher than the -1.09 per cent reported for the same period a year ago in April 2017, but were within the range of normal variation,” says Bill Stone
Ultimus Fund Solutions has acquired Woodfield Fund Administration, a privately-owned private fund administration firm headquartered in Chicago, Illinois.
Ultimus says that the combination will allow each firm to better leverage technology investments, resources and assets, providing current and prospective clients the opportunity to access a larger range of services from one combined firm with a hallmark of exceptional client service. After the acquisition, the firm will serve over 140 clients with nearly 200 employees, and Ultimus’ assets under administration will grow to more than USD75 billion. Ultimus, headquartered in Cincinnati, Ohio, will also maintain offices in Chicago, Illinois and Denver,
Man Group, the world’s largest listed hedge fund, has reported net inflows in the first quarter of 2017 of USD4.8 billion, driven by strong inflows into alternative risk premia, European long short and emerging market local currency strategies.
These inflows pushed funds under management (FUM) up by 3 per cent to USD112.7 billion as at 31 March 2018, with growth reported all of the group’s core product categories.
Luke Ellis (pictured), Chief Executive Officer of Man Group, says: “We are pleased to report an increase in funds under management in the first quarter to per cent USD112.7 billion, driven
The team behind London-based credit investment specialist PVE Capital is forming Prosperise Capital.
The establishment of Prosperise involves a new legal structure, new partners, new offices in London and further offices globally, but the original investment team and their credit strategies remain the same.
“We wanted to reflect all the positive changes we’ve made since we launched our first fund in 2009,” says Gennaro Pucci, Prosperise’s CIO and Founder. ‘Prosperise is a blend of prosper and rise, which also embodies our future aspirations.’
The group is opening a new office in Milan and expects to add to its
Following a bright start to the year in January and challenging February, all CTA indices finished slightly in negative territory for March, according to the latest performance data for Societe Generale Prime Services’s SG CTA indices.
Overall, performance was mixed, with seven out of 20 CTA index constituents finishing with positive results; including some trend-followers, non-trend, and short-term strategies.
The Short-Term Traders Index was the only index to remain in positive territory for the year to date, and is now up 0.50 per cent.
The SG Trend Index outperformed the Trend Indicator in March by approximately 2.60 per
Eurekahedge reports that hedge funds registered their second consecutive month of losses since the start of 2018, with the Eurekahedge Hedge Fund Index declining 0.51 per cent in March, while still outperforming the MSCI World Index which ended the month down 2.21 per cent.
The firm writes that the average return of global hedge funds was pulled into negative territory in March as choppy trading conditions across commodities, and weaker global equity performance continued to affect the trading scene.
March was marked by investors’ concerns over the US and China trade war which made headlines throughout the month and
Baymarkets Technology (Baymarkets), a Nordic provider of FinTech solutions, has separated its current business into two independent companies, Reg&Tech Solutions AB (Reg&Tech) and Baymarkets AS.
Reg&Tech Solutions AB is a new company created by three of the previous founders of Baymarkets and Reg&Tech’s CEO, Per Andersson. Reg&Tech delivers the latest in Big Data automation, addressing the regulatory challenges facing financial institutions around the globe.
Baymarkets will continue to provide FinTech solutions to marketplaces and clearing houses, based on the Clara clearing platform, and will be led by Tore Klevenberg (pictured), as CEO, and Peter Fredriksson as Chairman.
“The
The rebound in equity markets supported hedge funds last week, with strategies with elevated beta such as such as Special Situations and L/S Equity, outperforming, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Market Neutral rebounded due to the slight rebound in momentum and quality stocks.
By contrast, CTAs underperformed. The slide in energy prices and the depreciation of the EUR and JPY vs. USD were the main headwinds to trend followers. However, their long but moderate positions on equities managed to alleviate part of the losses.
Market players continued to pump money into
Hedge funds posted mixed performance in the volatile month of March, as global equities declined on increasing trade and tariff tensions. The HFRI Fund Weighed Composite Index (FWC) posted a decline of 0.25 per cent for the month.
For the First Quarter 2018 (Q1 2018), the HFRI FWC advanced 0.35 per cent, topping the declines of the DJIA, S&P 500, and most European and Asian regional equity market indices.
Fixed income-based Relative Value Arbitrage (RVA) was the only main strategy that produced positive returns in March, as equities and interest rates both declined, with the HFRI Relative Value (Total)
By George Ralph, RFA – As many firms in the alternative investment sector, and certainly many of our clients, look for new ways to improve investment strategies and drive efficiencies in their businesses, against a backdrop of strict regulations and compliance requirements, investment in technology and innovation continues to rise.
Whilst automation of workflows and business processes are not new concepts, the introduction of robotic process automation (RPA) is fairly new and is gathering rapid pace in the media.
RPA utilises software bots to automate routine and repetitive tasks to increase business productivity, challenging how businesses operate. It sounds incredibly
