Funds
Tortoise Credit Strategies has acquired Bradford & Marzec via a Tortoise-supported management buy-out. Bradford & Marzec is a specialised fixed income boutique with approximately USD4.3 billion in assets under management.
Tortoise Credit Strategies, a registered investment adviser focused on fixed income strategies, is led by Brad Beman, a seasoned leader with nearly three decades of investment management experience across the credit spectrum. Beman previously served in a variety of roles covering domestic and global fixed income, asset allocation, alternatives and derivatives within the AEGON Asset Management family, most recently as Global Chief Investment Officer and as a member of the
Thomas Walek has launched Peaks Strategies, a strategic communications firm serving financial services and capital markets clients.
Peaks Strategies says its aim is to define, differentiate, promote and protect clients in a marketplace undergoing profound changes.
“Today’s clients and today’s markets demand experienced, focused communications advice and execution. Peaks Strategies will meet those demands with drive and passion,” says Walek (pictured). “From defining brand to building visibility, financial communications, transactions, product launches and managing crisis, Peaks Strategies delivers results that help clients build business.”
Peaks Strategies specialises in strategic communications for public and private companies in capital markets, alternative and
Michael Platt, who runs BlueCrest Capital, is Britain's richest hedge fund manager with a fortune of GBP2.1 billion, up GBP600m on last year, according to The Sunday Times Rich List 2016, which is due to be published this weekend.
Platt, who lives in Geneva, earned more than GBP500m from BlueCrest Capital in 2015.
Alan Howard, co-founder of Brevan Howard, who shared top spot on the Hedge Fund Rich List last year, has fallen to fourth place, with his personal fortune now standing at GBP1.04 billion, down GBP460m on 2015. The Brevan Master Fund fell 1.99 per cent in 2015,
Liontrust Asset Management, a UK-based specialist investment management company, has gone live on Eze OMS and Eze Portfolio Accounting, implementing a front-to-back office workflow to replace its in-house systems.
This represents a significant investment by Liontrust and is designed to strengthen and support the company’s activities across its front and middle office, with Eze Software Investment Suite being chosen after a rigorous and lengthy selection process involving a number of vendors.
Liontrust, which has used Eze EMS since April 2012, chose Eze Software Investment Suite because of its capacity to support enhanced analytics, cash management, decision support and modelling, order
The SS&C GlobeOp Forward Redemption Indicator for April 2016 measured 2.94 per cent, down from 4.26 per cent in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2016 decreased to 2.94 per cent, down from 4.26 per cent for March 2016 and was also lower on a year-over-year basis compared to 3.36 per cent for April of 2015,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result is in line with the overall trend toward lower redemptions that began mid-2015 and demonstrates continued investor confidence in the hedge fund sector.”
The SS&C GlobeOp Forward
Mooring Capital Fund, a hedge fund that specialises in the acquisition and management of distressed commercial loans, has reported a 21.1 per cent net return to investors for the year ended 31 December, 2015.
Mooring Capital Fund has now produced a cumulative total return of 611.3 per cent net of fees over the 16.5 years since inception.
Mooring Capital Fund’s performance in 2015 and since inception has outperformed the S&P500, the Dow Jones Hedge Fund Index and the HFRX Global Hedge Fund Index. For 2015, the S&P500 Index reported a total return of 1.4 per cent. The Dow Jones Hedge
Docupace Technologies, a financial services sector digital compliance and cyber security company, is now independent from RCS Capital Corporation.
Docupace received a significant investment from RCAP in September 2014, as part of RCAP becoming a majority shareholder in the company. Following the investment, Docupace expanded its offerings with financial technology products, including cyber security services, compliant Straight-Through Processing and digital Alternative Investment processing. During this time, Docupace operated as an independent business unit under the executive leadership of founder and CEO Michael Pinsker.
Repurchasing RCAP’s interests will enable Docupace to focus on fuelling its growth in the marketplace with widespread
Hedge Connection an iOS and Android audience voting app for Deal Ring, Hedge Connection’s Dragons’ Den-style event where fund managers pitch to a panel of hedge fund investors, called Ringmasters, before a live audience.
The app allows the audience, also made up of investment professionals, to participate in judging the fund manager pitches.
The website and audience voting apps feature an easy to navigate design that worked in real-time to provide both a voting interface and a voting results display for all the attendees at the event. Based on the audience and Ringmaster feedback, the managers would land a meeting
EBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business, has added a new non-deliverable forward (NDF) instrument – one month against the fix, to be called TOD/TOM.
EBS Market is providing an effective electronic solution for trading today (TOD) and tomorrow’s (TOM) fixing against the one month. The EBS Market platform provides customers with an easy to use service with dedicated matching engines as well as a fully transparent audit trail and straight through processing. This ensures TOD/TOM trades are all executed at the same industry-leading standard as other products on the platform.
Since 2012 trading on
Eurex and Korea Exchange (KRX) has signed a contract to extend their cooperation by listing Mini KOSPI 200 index futures during Eurex trading hours.
In addition, Euro STOXX 50 futures will be traded and cleared in Korean Won on KRX during Korean trading hours. Mini KOSPI 200 futures, which are based on the KOSPI 200 index, will complement the Eurex/KRX link for KOSPI 200 options. Eurex users will be able to trade the Korea-related futures and options on the same platform. This will create a nighttime market for both futures and options based on the KOSPI 200 index on Eurex.
