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By A Paris – Hedge funds and alternative asset managers are responsible for over USD3 trillion in assets under management – many bright shiny diamonds for cyber criminals to pursue. Increased levels of remote access propelled by the Covid-19 pandemic are making these organisations even riper targets. So, in this environment, the cost of inaction or complacency around cybersecurity continues to mount.
According to IBM Security, the average cost of a breach within financial services is of USD5.85 million – this is well above the overall average of USD3.86 million per breach across all industries reviewed. Although the crisis has put many
Gilles Drukier has been appointed as Neuberger Berman’s head of insurance solutions for the EMEA region, effective 3 August 2020. Read the full story at Institutional Asset Manager…
OSL has secured approval-in-principle for Type 1 and Type 7 licenses from the Hong Kong Securities and Futures Commission (SFC) for automated virtual asset trading and brokerage.Read the full story at Institutional Asset Manager…
The SS&C GlobeOp Forward Redemption Indicator for August 2020 measured 3.08 per cent, up from 2.64 per cent in July.“SS&C GlobeOp’s Forward Redemption Indicator for August 2020 of 3.08 per cent represents a decline in redemption notices compared to the 3.41 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result continues the trend of generally positive asset retention data points since the COVID19 outbreak earlier this year, indicating investor confidence in the hedge fund sector remains strong.”
The SS&C GlobeOp Forward Redemption Indicator represents the
GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, has closed a USD443 million collateralised loan obligation (CLO) to be managed by GLM II. With the closing of this CLO, GoldenTree Loan Management US CLO 8 (GLM US CLO 8), GoldenTree has issued 13 CLOs totalling USD7.5 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on 9 February, 2018 led to repeal of risk retention for open market CLOs, GLM CLOs are
Chicago-based hedge fund Citadel, and global market maker Citadel Securities are to open an new office in Singapore.
Delbrook Capital, a Vancouver-based specialist metals-focused long/short equity hedge fund, has continued to capitalise on this summer’s soaring precious metal prices.
The first automated crypto asset transaction, compliant with the Anti-Money Laundering Ordinance of the Swiss Financial Market Supervisory Authority FINMA, has been completed using Zug-based start-up 21 Analytics’ software.Read the full story at Institutional Asset Manager…
Hong Kong Exchanges and Clearing Limited’s (HKEX) wholly-owned subsidiary, Hong Kong Futures Exchange Limited (HKFE), has expanded its licensing agreement with MSCI Limited to include the broad-based MSCI Taiwan 25/50 Index, and plans to launch two new US-dollar (USD) denominated index futures contracts.Read the full story at Institutional Asset Manager…
London-based oil-focused hedge fund Westbeck Capital suffered a small dip in July after failing to capitalise on strong oil equities returns – but the strategy still remains up almost 70 per cent so far this year, with the firm now strongly bullish on an imminent price surge.
Westbeck has taken a cautious tone on the commodity short-term, but is becoming increasingly buoyant on a price rise next year, with oil predicted to follow on the heels of gold as a major beneficiary of strong investor inflows.
“We plan to remain aggressively exposed to oil equities on the long side for
