Funds
Hamilton Lane has held the final closing of Hamilton Lane Strategic Opportunities Fund 2016 with more than USD210 million in limited partner commitments, exceeding its initial target of USD150 million.
The Fund was created as a unique solution for LPs seeking short duration, risk-adjusted returns. Structured as an annual series with a single-year investment period, the Fund is focused on making credit-oriented investments with consistent cash yield.
"At Hamilton Lane, we are focused on using our global private markets platform to provide solutions to our clients," says Erik Hirsch, CIO of Hamilton Lane. "In a low-yield, public market environment, private
eVestment has launched a revised version of its analytics platform which the company describes as a ‘re-imagining of how a big data solution should work and perform’.
According to eVestment, cloud-based technology has become ubiquitous in consumer and business realms. But many B to B solutions lag their consumer brethren in usability. Technology users now expect all their tech tools to be as efficient and intuitive as possible.
“Business data solutions obviously contain exponentially more data and functionality than consumer solutions, but they can’t be exponentially more complex,” says eVestment Co-Founder and Chief Operating Officer Matt Crisp. “Our clients
Bats Hotspot has announced plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016.
A division of Bats Global Markets (Bats: BATS), Bats Hotspot is a global foreign exchange market with offices in London, New York and Singapore.
“We are excited to expand the Hotspot product offering to include forwards contracts, meeting what we see as a real client need for additional sources of anonymous liquidity in these products,” says Bats Global Markets CEO Chris Concannon.
The new market will operate as an anonymous order book and will utilise the Hotspot matching engine
SS&C Technologies Holdings has launched SS&C Global Gateway, a new SaaS platform for web-based portfolio management, analysis and reporting.
Specially designed for insurance companies and other buy-side asset managers, SS&C Global Gateway is a SaaS-delivered platform that makes comprehensive investment reporting and analytics simple through dynamic dashboards that are easily customised by the end user, and SS&C's best-of-breed technology on the back end delivered through transparent services. The result is more sophisticated analytics and superior functionality than SaaS platforms powered by one-size fits all back-end solutions.
SS&C Global Gateway handles a very broad range of asset classes — including fixed
ABS Investment Management, an alternative investment management firm specialising in global equity long/short solutions with USD5 billion in assets under management, has launched the ABS Long/Short Strategies Fund.
The Fund is registered under the Investment Company Act of 1940 as a closed-end, non-diversified, management investment company (1099 RIC) and is a conversion from a predecessor global equity long/short product and comes with a five-year track record. This fund is available to US accredited investors and has an initial minimum investment of USD25,000.
"This new product structure will allow ABS to reach a broader client base due to its lower
The XBT Provider instruments Bitcoin Tracker One (COINXBT) and Bitcoin Tracker EUR (COINXBE) have resumed trading at Nasdaq Nordic in Stockholm following the acquisition of XBT Group by Global Advisors (Jersey) Limited (GAJL).
Nasdaq has approved Global Advisors (Jersey) Limited as the new guarantor of the ETCs (Exchange Traded Certificates). Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin. XBT Provider is at all times fully hedged, and always holds bitcoins equivalent to the value of ETCs issued.
Johan Wattenström (pictured), CEO and co-founder
Linedata has integrated its Global Hedge Portfolio Manager with Electra Information Systems’ (Electra) Electra Reconciliation.
The creation of a purpose-built interface provides hedge fund managers with immediate integration through an adapter created and supported by both Linedata and Electra.
Traditional account reconciliation (positions, transactions and cash) and management of non-standard matching and reconciliation such as system-to-system, P&L, collateral, security master data and pricing data are now easily achieved for Linedata users.
The combination of Electra Reconciliation with Linedata Global Hedge Portfolio Manager is deigned to automate the identification of exceptions and provide greater visibility into the exception management
Algorithmic trading is taking hold in foreign exchange – in part due to fallout from the 2013 FX “fixing scandal.”
Foreign exchange represents one of the world’s biggest, most liquid and most electronic marketplaces. But while algorithmic trading has become a standard in global equity markets, algos have been much slower to gain traction in FX.
A new report from Greenwich Associates, FX Fixing Scandal Drives Adoption of Algos and TCA, shows that the proportion of volume-weighted FX trading executed algorithmically by algo-trading users has increased two and a half times in the past three years.
Hedge funds
Hedge funds marked another positive performance month in May, with the industry returning 0.93 per cent through the month to bring year-to-date gains to 1.55 per cent, according to data released by Preqin.
Although this does not match the 2.39 per cent and 1.42 per cent returns seen in March and April, almost all leading strategies saw positive returns; and for the first time this year, all leading strategies are now marking positive year-to-date performance. Event driven strategies saw the strongest performance through the month, returning 1.59 per cent to take 2016 YTD returns to 3.01 per cent – the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2016 measured 1.26 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.03 per cent in June.
"SS&C GlobeOp's Capital Movement Index showed a slight increase in June 2016, rising 0.03 per cent. This was smaller than the 0.23 per cent increase registered a year ago for June of 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "This drop is not particularly significant by itself because June is typically a month that shows subdued activity.
“In
