Funds
UMB Fund Services (UMBFS) now offers electronic subscription agreements to alternative investment clients, allowing fund investors to electronically complete, sign and submit subscription agreements for investments in interests of the fund.
Transitioning the manual paper-based process to an automated online process will be of greatest value to growing alternative funds who are currently adding investors. The service allows investors access to documents directly from the fund manager’s website, accelerating speed to assets under management and improving the investor experience.
“Today’s technology allows us to obtain completed investment documents in hours instead of days or weeks. More importantly, the investor experience
State Street Global Advisors has won the sixth annual Funds Industry Football Charity Shield five-a-side tournament beating Smith & Williamson 2-1 in the final game held on Thursday in Shoreditch, London.
Hosted by Calastone, the global funds transaction network, the tournament has raised over GBP60,000 since its inception and this year will add a fantastic GBP12,500 to that total.
In 2016, teams from leading fund management firms played 22 games of football to raise money for Make-A-Wish UK, the charity that grants wishes of children and young people living with life-threatening illnesses.
State Street won this year’s tournament against 24
S3 Partners has launched its Blacklight Apps Crowding Kit (Black App) on the Bloomberg APP Portal at. The Black App uses S3 Blacklight financing rate data, which is already available on the Bloomberg Professional service, to deliver real-time analytics on crowded trades.
By connecting trading and financing market activities, the Black App provides Bloomberg Professional service subscribers with the ability to accurately identify short-selling events and a security’s borrow velocity relative to market float, real- time short interest, financing cost and supply capacity. The Black App also automates a traditionally labor-intensive process, streamlining the financing workflow of those borrowing or
IndexIQ has announced the performance of its family of six IQ Hedge Indexes with four positive, led by a 1.31 percent return for the IQ Merger Arbitrage Index.
Two – the IQ Hedge Global Macro Index and the IQ Hedge Multi-Strategy Index – showed negative returns for the period with returns of -1.25 per cent and -0.08 per cent, respectively.
“Volatility has been growing over the last couple of months, which is broadly good for hedge funds,” says Adam Patti (pictured), Chief Executive Officer at IndexIQ. “There are enough uncertainties looming over the markets to keep things interesting through the
Financial institutions are facing a multitude of issues folowing the UK's vote to leave the EU, says law firm Eversheds, with passporting/mutual fund recognition likely to be a major concern for banks, investment managers and insuranace companies.
According to Eversheds, institutions which currently rely on “passports” under the Single Market Directives, such as the Capital Requirements Directive, Market in Financial Instruments Directive (MiFID), UCITS Directive, Alternative Investment Fund Managers Directive (AIFMD) and Solvency II Directive, may have to restructure their businesses.
Currently an institution, which the Prudential Regulation Authority or Financial Conduct Authority have authorised in the UK, has the
Blackstone Strategic Capital Holdings Fund (BSCH), a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management.
Based in New York, Marathon is an opportunistic global credit event-driven manager with approximately USD12.75 billion in assets under management. The firm pursues credit through a broad spectrum of investments in global corporate credit, distressed and special situational credit, structured credit, emerging markets and leveraged loans.
“Rich has been a great Partner for many years and we wish him success in his future endeavours. Vijay and I have worked together for nine years and I
Thomson Reuters has enhanced its environmental, social, and governance (ESG) offering on Thomson Reuters Eikon with a new application that enables buy-side professionals to analyse real-time ESG data and incorporate it into socially responsible investment (SRI) decisions.
Developed and supported by TruValue Labs, Inc (TruValue), Insight360 compliments Thomson Reuters existing ESG offering by providing real-time access to material, relevant data and events related to sustainability, and ESG statistics for over 7,500 publicly-traded companies.
ESG financial data incorporated in the asset management industry grew by 45 per cent over the last four years, representing USD59 trillion of assets under management.
TH Data Capital formally has launched an alternative to the traditional financial research model, using big data expertise and a deep understanding of financial markets to provide advanced predictions of business performance in China.
TH Data Capital is the first, and only, company that offers big data analytics expertise coupled with an analyst-driven approach. This differs significantly from IT driven research firms that look at reams of data, but lack the skills to interpret it correctly to make it actionable.
Reliable business intelligence on China is hard to find, but it has become tremendously significant to any consumer-oriented company
The Lyxor Hedge Fund Index was up 0.84 in May, with six out of 10 Lyxor indices ending the month with a positive performance. The more directional strategies had the best returns.
Event-Driven Strategies led the pack, as they benefited from an acceleration of M&A activity and the completion of large merger deals. Special Situations (+2.5%) outperformed Merger Arbitrage (+1.4%).
Global Macro managers are back in the green thanks to the strengthening US dollar and their fixed income portfolio.
“The performance of Event-Driven strategies picked up in May after having experienced difficult quarters,” says Philippe Ferreira (pictured), senior cross-asset strategist
AlphaCore Capital, a La Jolla, CA based investment advisor has seen increased demand for alternative allocations from independent advisors.
The firm has expanded their team and hired Senior Investment Advisor Brett Upper to assist independent advisors navigate the changing alternative investment universe. While demand for alternative investments from advisors has increased, so has the need for expertise in this widely dispersed investment space.
AlphaCore works with advisors and investors to integrate alternative investments as a core allocation in tandem with traditional investments.
Upper strongly believes that the demand for alternative investments from advisors underscores the positive effect of alternatives in
