Managers
Axon Financial Systems, a provider of technology-enabled market data management, has launched its new brand and website, which includes an enhanced product platform offering a three-tier suite of market data management solutions.
The new platform, which includes the product suites AxonKnowledge, AxonManage, and AxonWorks, is designed to strengthen Axon’s core customer offering and lay the foundation for the introduction of additional new products and services in the future.
Since its launch in 2014 Axon has been disrupting the market data management industry by using technology to streamline market data reporting and administration.
Axon products ease the burden of
Man Group has reported what it describes as strong performance for the first quarter of 2017 with funds under management (FUM) totalling USD88.7 billion at 31 March 2017, up from USD80.9 billion at the end of December 2016.
Net inflows in the quarter totalled USD3.0 billion, driven by strong inflows into discretionary long only and fund of fund alternatives, while the company also saw positive investment movement of USD2.2 billion in the quarter.
Positive FX movements of USD0.8 billion in the first three months of the year quarter were driven primarily by the weakening of the US Dollar against
Conway Investment Research has acquired operational control of the Guggenheim Alternatives Platform from GP Feeder Fund Management.
The platform, which provides qualified investors access to global alternative investment solutions, is now known as the Conway Alternatives Platform.
Conway is a St Louis-based registered investment adviser which provides customised investment research and solutions to its clients including multi-family offices, wealth management groups, trust companies, financial planning firms, endowments and foundations. The firm was established by a team of investment professionals to offer capital markets research, dynamic asset allocation modelling as well as due diligence and monitoring of top money managers
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, added 25 new clients in the first quarter of 2017, including a large institutional investor with multiple offices in the US, UK and Asia.
During the quarter, Abacus doubled its revenues as compared to the last quarter of 2016.
“The growth of Abacus in the alternative asset management space continues at a rapid pace,” says CEO Chris Grandi (pictured). “During the past quarter, we expanded our new data centres in London and in Dallas, increasing our data processing capabilities and capacity to meet the analytic demands
More than seven in 10 (73 per cent) institutional investors believe Brexit will be “hard”, including 29 per cent who believe it will be “very hard”, research by asset management group Managing Partners Group (MPG) reveals.
More than four out of five (82 per cent) also believe the number of UK-based financial services firms generally seeking to establish subsidiaries in the European Union will increase over the next three years due to Brexit.
While 44 per cent believe that UK asset managers specifically will probably get to passport their funds into the EU after Brexit, around 30 per cent
Investoo Group, one of the world’s biggest FX affiliates, has acquired 100ForexBrokers.com in what is the group’s largest acquisition to date.
100ForexBrokers.com, launched in 2012, is one of the world’s biggest Forex broker comparison sites with 60,000+ unique visitors per month and 100s of real user reviews.
Adam Grunwerg, CEO of Investoo Group, says: “This acquisition generates a huge boost to our company revenues and user base. 100ForexBrokers.com is already one of the world’s biggest Forex broker comparison websites. We aim to capitalise on the 100ForexBrokers.com acquisition by improving its existing commercial arrangements, adding new languages and launching a
The hedge fund industry continued its positive start to the year with another month of gains in March with the Preqin All-Strategies Hedge Fund benchmark recording returns of 0.68 per cent through the month, building on gains of 1.01 per cent and 1.46 per cent in February and January, respectively.
Q1 2017 performance now stands at 3.18 per cent, which marks the best opening quarter performance since 2013, as hedge funds sustained their recent strong performance. With just one month of losses recorded since February 2016, the industry has now returned 11.61 per cent over a 12-month period.
Event driven
Sprott Asset Management (SAM) is to sell its Canadian diversified fund business to a management-led group, with John Wilson, CEO and co-CIO of SAM, and James Fox, president of SAM, to be co-managing partners of the new firm.
The agreement is expected to be finalised in the coming months, pending regulatory approvals.
“This agreement marks a new and exciting era for our clients and our employees – one where the new company’s management team is fully aligned behind one idea: continue our growth as an exceptional fund management business that uses innovative thinking to help advisors succeed,” says Wilson
Federal Way Asset Management, an investment management firm offering both alternatives management and fiduciary management services with approximately USD5.6 billion in assets, including USD3.7 billion on a discretionary basis, has changed its name to Aptitude Investment Management.
“Since becoming an independent firm five years ago, we have sought to provide our clients with deep alternatives investing expertise and intelligent solutions in order to generate superior, long-term, risk-adjusted returns,” says Jeffrey Klein, chief executive officer of Aptitude.
“Our new name, Aptitude, reflects the talent and skills that we seek in the managers in which we invest, strengthening our ongoing commitment
Tradeweb Markets, a provider of fixed income, derivatives and ETF marketplaces, saw trading activity in European spread products/Eurobonds reach a record-breaking EUR73.8 billion in the first quarter of 2017.
This beat Q1 2016 by 22.3 per cent and the previous record-holder Q1 2015 by 21.5 per cent.
Volume executed in European credit alone surpassed EUR 38.32 billion, a 21.4 per cent increase from Q1 2016 and previous record quarter.
March 2017 was also the third consecutive record month for the Tradeweb European Credit platform, with more than EUR 14.17 billion in notional volume, up 10.2 per cent from
