Funds
Linedata has partnered with NetWorth Services to offer Linedata Admin Edge clients access to NetBasis, NetWorth’s automated solution for the calculation and reporting to the IRS of the adjusted cost basis of sold mutual funds.
NetBasis will automatically interface with Linedata Mshare transfer agency system, drawing on the data required to determine the adjusted cost basis for mutual funds. Linedata Mshare forms a key part of the Linedata Admin Edge platform, an end-to-end fund administration solution for third party administrators, mutual funds, hedge funds and liquid alternative funds.
The automation of these processes will enable Linedata Admin Edge users
The number of alternative asset managers grew by 15 per cent in the third quarter of 2015, according to a new report from Convergence, the Q3 update on the State of the Union of the Alternative Asset Management Industry.
The report, which focuses on business trends amongst alternative asset managers, related assessments of changes in operating complexity and risk, and changes in operating productivity, uses data sourced from SEC filings and enriched to provide a unique view into the infrastructure of over 16,000 RIA's. In Q3 2015 5,300 Advisors updated Form ADV.
It reveals that The Complexity Index, which is
easyProperty, the online estate agency from easyGroup, has closed GBP16 million in its third financing round for operational development and an additional GBP9 million funding line available to support the company’s plans for future acquisitions.
The lead investor, Toscafund, a London based hedge-fund with over 20 years of experience backing fast-growth SMEs in sectors typically undergoing structural change, has put forward GBP14 million in investment, with the additional GBP2 million being co-led by existing and new investors, many investing for the third time.
Martin Hughes, from Toscafund, which has previously backed successful e-commerce industry disruptors such as online insurance firm
After a dip in October, CTA strategies posted positive returns across the board in November 2015, and Newedge’s CTA and Trend indices are are showing a positive year-to-date performance.
The Newedge CTA index was up 2.71 per cent in November bringing year-to-date performance back into positive territory, to 1.44 per cent.
Short Term Traders Index returns also produced significantly positive returns of 2.37 per cent, marking the best return since January this year.
Trend followers led performance in November, with the Newedge Trend Index ending up 3.41 per cent. The index leads with the strongest year-to-date returns
Nasdaq is to acquire Chi-X Canada, an Alternative Trading System for Toronto Stock Exchange (TSX) and TSX Venture Securities, from Chi-X Global.
The acquisition will provide Nasdaq with direct access to the Canadian equities market. The deal is expected to close in the first quarter of 2016, and be accretive to the company's earnings at closing, excluding transaction-related costs.
“This acquisition is an important part of our North American strategy as Chi-X handles about 22% of the order flow of S&P/TSX Composite securities in Canada,” says Hans-Ole Jochumsen (pictured), President, Nasdaq. “The addition of these thriving marketplaces will
By Ilario Scasascia (pictured), Harcourt – A well-diversified portfolio should include investments that offer alternative sources of returns, which can be found outside the world of conventional, long-only, bond and equity strategies. Sophisticated investors know this and understand, that when it comes to investing in non-traditional assets, hedge funds represent an important building block.
Hedge funds will therefore remain a staple in institutional investors' portfolios. In fact, after the financial crisis of 2008, hedge fund assets have been growing at an annual rate of 10 per cent and this growth is estimated to continue*. Growth has been supported
Over the last few years the FTSE 100 has gained 26 per cent, while the S&P 500 Index has gained approximately 65 per cent. The impact of quantitative easing has led to unparalleled growth in equity markets, to such an extent that hedge funds have largely lagged behind. This "raw" underperformance, in risk-adjusted terms, has led investors to question why they are invested in hedge funds.
"In our opinion it's not just underperformance but a combination of underperformance and fees. This is leading investors to ask, "Why do I pay so much to receive so little?" says Nicolas Rousselet (pictured),
In this exclusive excerpt from Preqin's forthcoming 2016 Global Hedge Fund Report, due out in January, we take a closer look at how the hedge fund industry has changed over the course of 2015.
Welcome to the inaugural edition of the Hedgeweek end of year editorial report: Reflections on 2015. We are excited to bring to you, our readers, what we hope will be the first of many such annual reports. In this first edition you will find a wide selection of some of the most important articles that Hedgeweek has put together throughout the year, which best serve to illustrate key developments shaping the global hedge fund industry; all neatly packaged and presented. Xmas has indeed come early!
The hedge fund industry has undergone an incredible transformation in recent years. Fund managers have
The ECB decided to take additional easing steps on December 3rd, but as we feared the measures did not meet market expectations. As a result, equity and bond markets sold off in Europe, with global contagion effects on risk assets. The EURUSD bounced back while commodities rose as a result of a falling USD. The latter was also related to a testimony by J Yellen expressing a gradual approach to Fed rate hikes.
