Funds
Hedge fund manager Exane has selected SimCorp Dimension to support its middle and back-office operations for listed and OTC derivatives.
Based in Paris, Exane is an independent investment firm with three main lines of business (Brokerage in Cash Equities, Derivatives, and Asset Management), which services a diversified European and global client base.
Benoît Catherine, Deputy CEO, says: “We have selected SimCorp Dimension for its extensive functional scope, especially in the derivatives area, as well as its proven ability to automate middle and back-office processes. The implementation of SimCorp Dimension will enable us to scale for growth and to serve
The SS&C GlobeOp Forward Redemption Indicator for June 2016 measured 4.88 per cent, up from 4.38 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2016 came in at 4.88 per cent, up slightly compared to the 4.72 per cent reported a year ago for June of 2015,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This relatively flat comparison is in line with other data we have seen in the first half of this year which is indicating stability in overall hedge fund allocations.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum
SR Labs, a specialist in trading and market data technology, is tol operate under the new name of Vela Trading Technologies (Vela).
Vela’s mission will continue to focus on creating and providing leading edge financial technology, with a strong emphasis on satisfying client requirements and global delivery. With Vela, technology and business decision makers will be able to bring efficiency and simplicity to their trading infrastructure, while also improving cost savings.
Jennifer Nayar, CEO of Vela, says: “We see Vela as a new and exciting opportunity to build on our strong heritage, pedigree and loyal client base and bring
Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has created a normalised regulatory data model designed to help firms meet their MiFID II OTC sales and trading requirements.
This data model is the first piece of a larger puzzle to create a standardised approach for ensuring regulatory conformance for front office OTC sales and trading activities.
Solving the MiFID II challenge requires a significant amount of human resources to keep pace with, understand and document the changing landscape, alongside a significant technology investment that, if
HedgeServ is to use the RR Donnelley ArcReporting solution for the creation of its clients' financial reports. HedgeServ is an independent, full-service global fund administrator headquartered in New York City and Dublin.
Using the ArcReporting tool, HedgeServ can now import data to automatically produce complete alternative fund financial statements, including statements, footnotes and related disclosures.
Justin Nadler – Co-Founder & President, says: "We now have a fully mapped and automated template for creating fund financial statements, with integrated proofing tools that allow us to cross-check the various data sources. This improves the accuracy and efficiency of the financial statement production
The Economic and Monetary Affairs Council of the EU has approved the General Approach reached on Money Market Fund Reform (MMFR) at Council Working Party level. This General Approach followed an original proposal by the European Commission in September 2013.
The European Fund and Asset Management Association (EFAMA) is of the view that a well-functioning European market for MMFs has an important part to play in the European Commission’s flagship Capital Markets Union initiative. EFAMA, whose members manage both VNAV and CNAV funds, has from the outset indicated that a proportionate and balanced Regulation which ensures the viability of both
The Australian branch of the Alternative Investment Management Association (AIMA) is celebrating its 15th anniversary this month with EY-sponsored member events in Sydney and Melbourne, bringing together many of the leading figures in Australia’s growing hedge fund sector.
In 2001, when AIMA expanded its network to Australia, it represented around 30 local-based corporate members, while the sector as a whole managed only approximately AUD5 billion (USD3.7 billion) in assets, according to the Australian Securities and Investments Commission (ASIC). Today, AIMA Australia has around 90 corporate members, and the industry manages around AUD100 billion (USD74.6 billion) in assets, according to ASIC.
Dorsey, Wright & Associates, a Nasdaq company, whose expertise in technical analysis helps bring innovative investment solutions to Wall Street, has developed a new ‘smart beta’ fixed income index designed to operate in a non-traditional fashion.
Referred to as the Dorsey Wright Fixed Income Allocation Index, the ETF-linked index uses relative strength (a momentum factor investing technique) to compare and rank the best performing SPDR-related fixed income ETFs out of a total universe of 20 ETFs comprised of: floating rate notes; first lien senior secured floating rate bank loans; US non-convertibles; preferred stock and other preferred securities; US municipal bonds and US convertible securities; US and non-US developed and emerging
AllianceBernstein (AB) has signed a letter of intent to assume management of Visium Asset Management's Global Fund, a multisector long/short equity hedge fund.
As part of the transaction, the Visium Global Fund's investment team and certain support staff would join AB.
"The Visium Global Fund is a unique opportunity to further strengthen AB's alternatives platform," says Peter S. Kraus, Chairman and Chief Executive Officer of AB. "The Fund has produced strong risk-adjusted performance since its inception in 2007, and enhances our ability to meet our clients' need for idiosyncratic alpha across market cycles."
This transaction is subject to completing due
The European Fund and Asset Management Association (EFAMA) held it’s Annual General Meeting in Malta on 16 and 17 June, with regulatory and market activity taking centre stage.
Hosted by the Maltese Funds Industry Association (MFIA), the AGM provided an opportunity for EFAMA members to discuss the investment and regulatory landscape and to exchange views with representatives from the European Commission and the Maltese Financial Services Authority.
The AGM marked the end of a first year under the mandate of EFAMA President Alexander Schindler, Member of the Executive Board of Union Asset Management Holding AG. During this time, the
