Managers
Borsa Istanbul has officially gone live on nine of Nasdaq's market-leading technologies including trading and clearing, settlement, market data management, index calculation, market surveillance, business intelligence, and pre- and post-trade risk management.
The initial implementation is for Borsa Istanbul's equity market. The Turkish exchange will also go live on Nasdaq technology for all other markets, including derivatives, debt securities, and precious metals markets.
The "transformation with technology" program, branded BISTECH by Borsa Istanbul, is a critical milestone in a series of major transformative steps aimed at making the Turkish capital markets more globally competitive.
"We are delighted to have
Societe Generale Prime Services has announced the 2016 constituents for the Newedge CTA, Trend, and Short-Term Traders Indices.
The Newedge CTA indices are a suite of performance benchmarks, based on the largest CTA programs. The indices calculate the daily rate of return for an equally weighted group of the largest CTAs (by assets) that are open to new investment, and provide daily data. The new constituents will be effective as of 1 January 2016.
James Skeggs (pictured), Global Head of Alternative Investments Consulting at Societe Generale Prime Services, says: “We are delighted to have completed our annual constituent review
BNY Mellon Investment Management has launched the BNY Mellon Absolute Insight Multi-Strategy Fund, an absolute return multi-strategy fund available in a liquid alternatives mutual fund vehicle.
The Fund is sub-advised by Insight Investment, a BNY Mellon investment boutique with USD605 billion under management globally, including USD27 billion in liquid alternative strategies.
The BNY Mellon Absolute Insight Multi-Strategy Fund is the first mutual fund launch in the US to be managed by Insight and is substantially similar to Insight's flagship multi-strategy absolute return capability, which has a 10-year track record of providing resilient absolute returns through episodes of market dislocation,
Northern Trust has been selected to provide fund administration services to the VinaCapital Vietnam Opportunity Investment Fund.
The fund will be administered from Northern Trust’s Guernsey office and adds to its growing client base in the Channel Islands where Northern Trust provides a comprehensive range of fund administration solutions for a broad spectrum of fund structures.
“We chose Northern Trust for its strength and the depth of its knowledge of listed funds and are delighted to be working together,” says Steve Bates (pictured), the Chairman of VOF. “Northern Trust understands the complexity and challenge of investing in frontier markets such
Options available to fund managers marketing into Europe under the Alternative Investment Fund Managers Directive (AIFMD) will be the focus of a Guernsey funds masterclass in London next year.
The event, which takes place at the British Museum on Wednesday 3 February, will feature a panel debate among leading figures from the funds industry and a keynote speech from Lord Flight. The panel discussion will examine the benefits and suitability of National Private Placement (NPP) regimes and third country passporting under AIFMD.
In July the European Securities and Markets Authority (ESMA) made its recommendation to grant Guernsey a third country
Luxembourg is prepared and has a key role to play in ensuring the success of the new European Long-Term Investment Funds (ELTIFs), which came into being this week, according to the Association of the Luxembourg Fund Industry (ALFI).
ELTFIs have been established by the European Commission in a bid to give new impetus to the continent’s economic recovery.
“The objective of the EU in setting up ELTIFs was to boost smart, sustainable and inclusive growth,” says Denise Voss (pictured), Chairman of ALFI. “Take-up of the new funds may be a gradual process, but we believe that Luxembourg has the in-depth
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
