Funds
Quintillion Limited, the European-based affiliate of US Bancorp Fund Services, has been awarded Best UCITS Liquid Alternative Fund Administrator at the 2017 Hedgeweek Global Awards in London.
The awards celebrate the achievements and accomplishments of the past year among leading hedge fund managers and service providers.
“We are honoured to be recognised as the leading UCITS liquid alternative fund administrator,” says Linda Gorman (pictured), CEO of Quintillion. “We take pride in putting our strength and integrity into every relationship. Our team works diligently to understand the unique needs of our clients and provide a customised servicing solution.”
The
Trumid, a financial technology company that improves trading efficiency and market intelligence in the corporate bond market, is to acquire fellow all-to-all trading platform Electronifie.
The acquisition will increase the size and diversity of the Trumid user network and strengthen Trumid’s team and technology offering.
Following a regulatory approval process, Trumid expects the transaction to close early in the second quarter of 2017.
Upon closing, over 350 institutions will be on board Trumid Market Center, the company’s all-to-all trading network for corporate bonds. This includes 20 of the top 25 asset managers in the world and 60 broker-dealers.
Luxoft is to acquire derivIT, a Singapore-based financial services-focused technology consulting provider.
derivIT provides experience of leading platforms in credit and risk management and capital markets.
The completion of the transaction is subject to approval by the Reserve Bank of India, as well as satisfaction of several other customary conditions precedent, and is expected to occur in the coming weeks.
This transaction provides a foundation on which Luxoft intends to build its delivery platform in APAC to service numerous high-potential clients in the region. In addition to helping Luxoft pursue new business opportunities in financial, automotive, telecom and
After a long string of redemptions, eVestment has reported positive sentiment in the hedge fund industry this month, with hedge funds netting an estimated USD7.9 billion in inflows in February.
As a result, flows are now positive year-to date in 2017.
The industry had endured net outflows in each of the last five months, and seven of the last eight, prior to February’s net inflows. Total industry AUM now sits at USD3.085 trillion, highest since July 2015.
eVestment’s Hedge Fund Industry Asset Flow Report for February also reveals that investors are showing mixed signals toward regional EM strategies.
Venture capital fund Suir Valley Ventures, which was launched in partnership with Shard Capital Partners in February 2017, has made its first investment in Immersive VR Education (IVRE), a developer of virtual reality (VR) software and immersive experiences with a specific focus on education.
Suir, together with Kernel through the Bank of Ireland Kernel Capital Venture Funds and Enterprise Ireland, have invested a combined total of EUR1 million in IVRE.
A spin-out from WIT's research-based Telecoms Software and Systems Group (TSSG), IVRE’s platform provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate
Venture capital fund Suir Valley Ventures, which was launched in partnership with Shard Capital Partners in February 2017, has made its first investment in Immersive VR Education (IVRE), a developer of virtual reality (VR) software and immersive experiences with a specific focus on education.
Suir, together with Kernel through the Bank of Ireland Kernel Capital Venture Funds and Enterprise Ireland, have invested a combined total of EUR1 million in IVRE.
A spin-out from WIT's research-based Telecoms Software and Systems Group (TSSG), IVRE’s platform provides virtual reality content that can be used in schools, colleges, universities, research centres and corporate
BRI Partners has launched the first in a new range of investable hedge fund indices designed to deliver the beta of hedge fund strategies – the BRI Long/Short Equity Index (BRILSE), calculated by Wilshire Associates.
BRI Partners has developed eight indices in total which will be rolled out over the coming months.
Unlike existing hedge fund indexes, the BRI Indexes do not measure the performance of hedge fund managers and, therefore, do not rely on managers to provide a snapshot of month-end results. Decades of economic and academic research are the foundation for each BRI Index, which are built
Alternative investment firm Saba Capital Management has launched CEFS, an actively managed ETF that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value (NAV) and hedging the ETF's risk to rising interest rates.
This is Saba's first ETF.
Closed-end funds are listed investment vehicles that trade at a premium or discount to NAV as a result of market technicals and sentiment.
Saba specialises in fixed income and equity closed-end funds trading at a discount to NAV, given they typically offer higher yield and return potential than the underlying
By Ronan Guilfoyle (pictured) and Casey McDonald, independent directors, Calderwood, a Cayman Islands Fund Governance Firm – It is not uncommon these days for an investment fund to find itself in the situation where it may be able to recover certain assets through the process of litigation. Perhaps an investment has soured but left the fund with claims against certain associated parties, or alternatively, the fund could find itself in the scenario where it has claims against its service providers, possibly due to fraud or some other unfortunate circumstances, which have made the fund no longer viable.
The duties of a director
Bats Europe has launched the Bats Brexit 50/50 Indices, two benchmark indices designed to reflect the impact of the UK’s decision to leave the European Union on UK companies.
The two indices – the Bats Brexit High 50 and Bats Brexit Low 50 – are designed to act as barometers for assessing how Brexit is impacting UK companies by analysing the difference in performance between those companies that generate a large portion of their revenues from the UK compared to those that have less revenue exposure to the UK.
Bats has partnered with FactSet, a global provider of integrated
