Funds
The SS&C GlobeOp Forward Redemption Indicator for March 2016 measured 4.26 per cent, up from 3.27 per cent in February.
"SS&C GlobeOp's Forward Redemption Indicator for March 2016 was 4.26 per cent, an increase from 3.27 per cent for February 2016. The 4.26 per cent for March 2016 was also an increase on a year over year basis compared to 3.91 per cent for March of 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "This was the first year over year increase in the Forward Redemption Indicator in several months so it will be interesting to
Quantopian, the crowd-sourced quantitative investment firm, will launch in Australia this weekend with a series of outreach events for local practicing and aspirational quants.
Quantopian, which was founded in the US in 2011, provides an open platform where anyone can research, backtest, and execute their algorithmic strategies. The firm picks the best-performing algorithms and allocates capital to them. The algorithm authors are paid a percentage of profits earned by the algorithm, and retain the rights to it as their intellectual property. An Australian was among the first to receive an allocation from the firm for his algorithm in 2015.
In
The Irish Stock Exchange (ISE) launched a new website last year www.isefundhub.com for funds listed on the ISE to display important fund information such as key fund documents, investment manager profiles, NAV histories and analytics as well as peer comparisons among funds. There are currently over 2,000 funds listed on the ISE. Funds list on the exchange for a variety of reasons but predominantly to attract investment from institutional investors who may be otherwise restricted. A listing also provides investors with an additional layer of regulatory oversight as well as tax benefits in certain markets and increased transparency and visibility.
Maples Fund Services has been appointed by Singapore-based EFA Group as administrator for its new asset-based direct lending vehicle, EFA Real Economy Income Trust (EFA RET).
Maples Fund Services will provide a full range of administration services, including fund accounting and investor services services for EFA RET. Its customisable approach and sophisticated infrastructure, coupled with the expertise and experience of its team in working with loan and credit funds, were key elements in EFA Group’s decision to engage Maples Fund Services for EFA RET. Maples Fund Services was also selected to provide fund administration services to EFA Group’s Trade Finance
The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, is to establish a new volunteer network in Bermuda.
AIMA members on the island will be represented by a new Executive Committee (ExCo). This ExCo and supporting committees will seek to boost membership and support the continued development of Bermuda’s alternative investment community.
The initiative is being chaired by Craig Bridgewater, a Managing Director of KPMG in Bermuda, who called for volunteers to join the ExCo and contribute to AIMA initiatives locally and globally at a launch event at the Bermuda National Gallery attended by
Hedge fund liquidations increased in the last quarter of 2015, as volatility and turmoil from the second half of 2015 resulted in falling investor risk tolerance and capital redemptions from underperforming hedge funds, according to the latest HFR Market Microstructure Report.
In Q4, hedge fund liquidations rose to 305, representing an increase from the 257 liquidations in the prior quarter, as well as the 203 liquidations from Q4 2014. For the full year (FY) 2015, an estimated 979 hedge funds liquidated, an increase from the 864 fund liquidations in 2014, and the highest calendar year total since 2009, when 1,023
Vestmark, an SaaS based technology provider of portfolio management and trading solutions, has launched Vestmark Manager Marketplace (VMM), a solution designed to connect asset managers efficiently with sponsors (RIAs, Banks, Broker Dealers) who use third-party management in model portfolio format or in separately managed accounts (SMAs).
VMM represents the next evolution of Vestmark's "investment platform as a service," building upon the innovative SaaS and award-winning BPO services leveraged by their clients today. VMM provides sponsors with unprecedented transparency and efficiency for accessing the expertise of third-party managers while providing asset managers with access to broad distribution among advisors through a
Hedge fund strategies outperformed equity markets in the first two months of 2016, according to the performance of IndexIQ’s IQ Hedge family of benchmark hedge fund replication indexes.
“The volatility that characterised 2015 and the start of 2016 continued through the beginning of February but sentiment improved in the second half of the month,” says Adam Patti (pictured), CEO of IndexIQ. “Overall, our family of benchmark hedge fund replication indexes was mostly positive for the month, led by our IQ Merger Arbitrage Index, which returned 2.07 per cent, while only the IQ Hedge Long/Short Index finished February in negative territory.”
The US Commodity Futures Trading Commission (CFTC) has unanimously approved a substituted compliance framework for dually-registered central counterparties (CCPs) located in the European Union (EU), together with a comparability determination with respect to certain EU rules.
This action follows the historic agreement between the CFTC and the European Commission regarding dually-registered derivatives clearing organisations (DCOs)/CCPs and represents a major step in paving the way for the EU’s recognition of US CCPs. [See CFTC-EU Common Approach]
In the Notice of Comparability Determination for the European Union: Dually-Registered Derivatives Clearing Organisations and Central Counterparties (Determination) announced today, the CFTC determined that certain
Deutsche Börse and London Stock Exchange Group have reached agreement on the terms of a recommended all-share merger of equals which the companies believe will result in a significantly enhanced product offering for customers.
The newly formed combined group will have the ability to serve global customers across the investment, trading and risk and balance sheet management life cycle in multiple asset classes – derivatives, equities, fixed income, FX and energy products. The merger will also deliver a platform of choice for risk and balance sheet management, increasing safety, resiliency and transparency in global markets.
Carsten Kengeter, Chief Executive Officer
