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Hilton Global Associates launches offering due diligence services including hedge fund manager investigations.
Arcesium, a leading global financial technology and professional services firm, has expanded its India-based operations with the addition of a new office in Bengaluru.The new Bengaluru office is expected to commence its operations in the second quarter of 2021 with 200 employees, with expected potential to grow to 500 employees over the upcoming year.
Arcesium’s Bengaluru presence will enable the firm to leverage the robust IT foundation and diverse talent pool of the “Silicon Valley of India.” The region’s remarkable personnel will join the firm’s existing roster of strong technology, management, and finance graduates from the firm’s two Hyderabad offices.
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.73 per cent in September, underperforming the -0.17 per cent monthly return of the HFRX Global Hedge Fund Index. The Wilshire Liquid Alternative Index family aims to deliver precise market measures for the performance of diversified liquid alternative investment strategies implemented through mutual fund structures, backed by a proprietary classification methodology.
“Markets continued to rally in the third quarter of 2020 with optimism surrounding the development of a Covid-19 vaccine and an economic rebound,” says Jason Schwarz, Chief Operating Officer
EDI has partnered with Orbit Financial Technology to launch the earning call transcript dataset for all types of investors, from long-only, proprietary to quantitative funds, from buy-side to sell-side.China is the second largest economy in the world, and its stock market capitalisation is also ranked just next to US. Due to the less matured governance and language barrier, it is difficult for foreign investors to understand China A-listed companies and the China economy in general.
Da Wei, Director at Orbit Financial Technology, says: “While earning call transcripts is more and more adopted by both quantitative and fundamental analysis as one
Mainstream Fund Services has made two senior internal promotions within its Irish and Cayman operations.The promotions follow the retirement of John McCann, formerly CEO of Europe and Cayman, who retired from the Group in September 2020. McCann founded Trinity Fund Administration (Trinity) in 1993 and became part of the Mainstream Group in 2017.
As a result, Barbara Purcell has been approved by the Central Bank of Ireland as the CEO of Mainstream Fund Services (Ireland) Limited, with responsibility for Mainstream’s Dublin operations. Purcell will also replace John as the Anti-Money Laundering Compliance Officer (AMLCO) on client mandates.
Purcell
International asset management consultancy, MJ Hudson, has acquired Bridge Group, a funds service provider based in Ireland, conditional on Irish regulatory approval. The acquisition will build on MJ Hudson’s specialist funds operations in London, Luxembourg and Guernsey and adds a strategically important geography to the MJ Hudson network.
Bridge Group is a Dublin based provider of specialist support services to the funds sector. Founded in 2005, it offers regulatory compliance, domiciliation and risk services and is authorised to provide third party management services to both UCITS and alternative investment fund platforms (AIFM and UCITS management services, commonly referred to as a
TransFICC, a specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has completed a dedicated enhancement to Aeron messaging. Aeron is ideal for financial markets trading as it combines fast and reliable messaging. Designed for the Cloud or Deployed servers, Aeron is the fastest available platform, capable of managing more than 80,000 messages a second on a single thread, yet also providing a robust and reliable process.
Martin Thompson, Founder of Real Logic, developed the Aeron clustering enhancements, which allow firms to run the cluster on fewer machines, whilst also enabling fast messaging throughput – the
After five straight months in the black, hedge funds posted a negative number in September losing 0.65 per cent for the month, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. The hedge fund industry outperformed the S&P 500 Total Return Index, which was down 3.80 per cent in September.
For the year-to-date, the hedge fund industry remained in positive territory, up 1.70 per cent through September. The S&P 500 Total Return Index was up 5.57 per cent over the same period.
By sector, September’s picture was mixed; some posting gains and other sectors
Tickeron, an artificial and human intelligence platform delivering trading insights and analysis, has showcased its flagship product AI Robots on Product Hunt, a website featuring curations of the best products in the tech industry.The idea for the AI Robots tool came from Tickeron’s goal to give retail investors access to the same artificial intelligence resources as large institutions with multimillion-dollar technology budgets. Retail investors account for almost 25 per cent of stock-market activity on average but previously stood little to no chance of competing with the institutional world.
AI Robots is designed to change that by making cutting-edge analytical tools
AlphaSwap, an investment technology platform which bundles its analyst community’s best equity investment ideas for institutional customers, has onboarded its first institutional clients and completed a USD1 million fundraising, including venture funding from the UK government’s Future Fund.
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