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Aravis Capital: Best Third Party Marketing Firm – Given the increase in regulation and the resulting extenuated due diligence process, fund raising is now taking longer. In this context, the need for third party fund marketing firms is felt more acutely, even by smaller, niche asset managers.
Cowen Outsourced Trading: Best Outsourced Trading Solution Provider – The past year has witnessed a growing acceptance of outsourced trading as a credible alternative solution by investment managers. As a result of the global pandemic, larger players acknowledged that working with traders remotely works well, which in turn opened the door to the outsourced solution.
By A Paris – Any hedge fund managers who were unsure of the power of technology and the ability to work efficiently using virtual media have most likely been converted over the course of the last year. 2020 was a spectacular proof of concept that remote working and outsourcing can facilitate business processes and support managers in achieving their objectives.
A survey by KPMG and the Alternative Investment Managers Association (AIMA) finds an overwhelming 71 percent of respondents agree the current experience of working remotely convinced them they could achieve better cost efficiencies if they outsource some of their operations.
The move
Switzerland-headquartered global asset manager GAM, home to Cambridge-based quantitative hedge fund unit GAM Systematic, saw its assets under management drop to CHF35.5 billion in Q1, down from CHF35.9 billion at the start of 2021, as its embattled systematic business also shed assets during the three-month period.
GAM Systematic – which earlier managed a range of quantitative hedge fund and long-only investment strategies that span equities, debt and multi-asset classes – recorded net outflows totalling CHF400 million, though FX and other market movements added CHF300 million, the group said in a statement on Wednesday morning.
That brought systematic assets to CHF2.8 billion
EEX Groups sales revenue increased by 5 per cent in 2020 to a record EUR320.1 million (2019: EUR304.2 million).
This performance was mainly driven by volume increases in the European power derivatives markets, the environmental markets in Europe and North America as well as the the global dry freight market. In addition to considerable growth in its core markets, EEX Group further extended its reach in Asia with the successful launch of Japanese Power Futures.
Peter Reitz, Chief Executive Officer, says: “2020 was the most successful year in the history of EEX Group and a year in which we achieved
Glue42, a provider of integrated desktop experiences to financial institutions globally has partnered with Cloud9 Technologies (Cloud9), a specialist in cloud-based communications, to deliver a full suite of voice trading capabilities to the institutional marketplace, providing users remote access to all trading floor connectivity and services.
Read the full story at Institutional Asset Manager…
Eduard Poltavsky has joined IS Prime’s institutional sales team from Refinitiv. In this newly created Sales Director role he will focus predominantly on sales of IS Prime’s Agency Execution service to banks, hedge funds and asset managers across the EMEA region.
Eduard Poltavsky brings a wealth of senior e-FX sales experience to the FCA regulated Prime of Prime brokerage, which is part of ISAM Capital Markets Group. In addition to working as Performance Director, FX Market Development, EMEA at Refinitiv, his career history includes Director of e-FX Sales at GTX, the institutional foreign exchange trading arm of GAIN Capital, which
Hedge funds and asset managers must design portfolios to successfully weather volatile markets, and “invest heavily” in technology, rather than focus on predicting the next downturn, says Man Group chief investment officer Sandy Rattray.
FlexTrade Systems, a global leader in multi-asset execution and order management systems, has integrated QuantHouse’s QuantFEED Solutions for market data into the FlexONE OEMS.
The newly certified FlexONE integration with QuantHouse is a complete single-source front-end buy-side service offering that provides the “direct to data” connectivity that portfolio managers and traders need to make more informed trading decisions and stay competitive in today’s marketplace.
QuantFEED Solutions deliver high quality market data for 145-plus sources with an unmatched level of performance and quality of normalisation. QuantFEED premium architectures address market data requirements: referential data, EOD, historical data-on-demand, European or National Best
Inflows into digital asset investment products totalled USD233 million last week, the largest inflows since early March, according to the latest CoinShares Digital Assets Fund Flows Report.
While price action last week pushed assets under management to over USD65 billion for the first time.
XRP has been the most popular with weekly inflows of USD33 million, nearly doubling its assets under management to USD83 million.
Ethereum continued to see outsized inflows relative to its market capitalisation of USD65 million. Inflows were also seen in bitcoin cash (USD4 million), polkadot (USD5 million), binance (USD3 million), tezos (USD7 million), and multi-asset (USD6
