Funds
Liquidnet has launched its new Algo Ranking Model technology, which is deigned to enhance the way institutional traders make their execution decisions.
The Algo Ranking Model, built to complement Liquidnet’s recently launched suite of Next Gen Algos, uses innovative technology and a multi-factor model to holistically profile every order to rank execution strategies in real-time according to order characteristics, trading objectives, market conditions, and performance targets.
“Today’s markets have become increasingly complex and our Members have said that many of the basic algo offerings have become commoditised. The only way to truly capture a performance advantage is by choosing the
"Malta provides an outstanding opportunity for private equity and venture capital managers. It has a flexible LP structure, an extensive network of double tax treaties, a favourable local tax regime and experienced service providers who can provide a cost-effective solution," comments Felicity Cole (pictured), Head of the Funds Department at Maltese law firm, Mamo TCV Advocates.
Of particular importance says Cole, are recent changes made to the Maltese Companies Act, which governs limited partnerships, including changes which set out the extent to which limited partners can participate in the management of the partnership without losing their limited liability. This is
Despite Malta introducing a legal framework for securitisation in 2006, the financial crash meant that it was rarely used until around 2012. But there are signs that securitisation is gaining some momentum locally. This is being helped by a dedicated regulated market for wholesale securities, the European Wholesale Securities Market (`EWSM'); a joint venture between the Irish Stock Exchange and Malta Stock Exchange established in 2012 that allows the listing of wholesale-denominated debt securities to trade on an EU-regulated market.
"The revival of securitisation in the EU is now considered to be one of the priorities of the Capital Markets
Following Malta's implementation of the Alternative Investment Fund Managers Directive (AIFMD), it is possible to set-up Alternative Investment Funds (AIFs) in Malta in accordance with the AIFMD.
Nevertheless, the existing Professional Investor Fund (PIF) regime has been retained in parallel with the AIF Regime, thus enabling de minimis fund managers and third country managers to set up collective investment schemes under the Investment Services Act, regulated by the Investment Services Rules for Professional Investment Funds.
Even though the PIF regime has remained popular with fund managers, fund platform structures have also gained momentum. According to Dr Stefania Grech (pictured), Financial
MSCI, a provider of research-based indexes and analytics, is to acquire all of the assets of Insignis, Inc, a data collection and aggregation service for the financial industry.
Insignis provides daily automated collection, aggregation and management of financial data, including data on positions, transactions and complex instruments such as exchange-traded futures and options, OTC swaps and foreign exchange spot and forward contracts. Insignis’ data footprint today covers 35 custodians, 15 futures brokers and 20 OTC managers with over USD2 trillion in market value.
MSCI currently leverages Insignis’ technology in its InvestorForce product line and plans to expand its use
Maples Fund Services has been selected by Promeritum Investment Management (Promeritum) as administrator for the Promeritum Fund SPC, an emerging market fixed income hedge fund.
Maples Fund Services will provide full administration services, including fund accounting, registrar transfer agent and FATCA services for the fund. Point Nine, a long-term partner of Maples Fund Services, has also been selected to provide middle and back office services. The firm was awarded the business as a result of its high-touch approach to client service backed by a seamless integration of technological prowess and team with deep industry knowledge and expertise.
“We have
Ultimus Fund Solutions’ Advisor Solutions group has been selected by 300 North Capital to provide shadow accounting and other middle office services for the firm’s three hedge funds and its separate accounts.
Through the agreement, 300 North will leverage Ultimus’ best-in-class technology and industry knowledge to create a more efficient middle office operation, allowing the firm to devote its resources to managing money and diversifying its product offering. The southern California-based manager was drawn to Ultimus because of its reputation as a high touch service provider, focused on providing middle and back office services to small and mid-tier investment advisors.
IRESS has made two separate acquisitions to boost its presence in both the capital markets and discretionary fund management space within the UK.
The two businesses IRESS has acquired are Proquote, a leading provider of trading, market data and connectivity solutions in the UK, owned by the London Stock Exchange Group (LSEG) since 2003; and Pulse Software Systems, a leading provider of portfolio management software for private asset managers.
Proquote plays an important and select role in retail trading and connectivity in the UK. Its solutions include a multi-venue trading system, market data terminals, risk management and best execution
Aberdeen Asset Management has struck a deal with Advance Emerging Capital Ltd (AEC) whereby Aberdeen will acquire 100 per cent ownership of the London-based investment company. AEC focuses on global emerging and frontier market equities.
AEC is a London based specialist investment manager with nearly two decades of experience managing portfolios of primarily closed end, but also open end, fund-of-fund vehicles. As of 30 June 2015, the company managed GBP409 million across a range of investment funds. The two largest vehicles that the team manages are Advance Developing Markets Fund Limited and Advance Frontier Markets Fund Limited, both of which are
On 16-17 September the Fed will meet to decide whether or not to hike rates for the first time since 2006. The set of economic projections will reveal critical information about the Fed thinking. The market expects a dovish stance. The probability of a rate hike, based on Fed fund futures, is as low as 28 per cent. The probability is close to 40 per cent for the end-October meeting and reaches 59 per cent for December.
