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From public cloud to AI Ops, advanced technology is reshaping contingency planning and the future of work for hedge fund managers.
Cloud computing has revolutionised the way hedge funds operate, and in many respects, has blurred the lines between office-based and remote working. A decade ago, the concept of remote working was more complicated, from a technology perspective, as it relied upon hedge funds to enact their Business Continuity Plans (BCPs) by setting up remote VPN access, phone lines and file sharing capabilities. Today, however, this has become business as usual thanks to the cloud, as managers leverage the
Increasing regulations around cybersecurity, data protection and privacy are reinforcing the proposition of outsourced third party service providers. They themselves already operate under a strict data governance framework and recommend robust risk management and data governance strategies to clients so legislation by governing bodies further underlines the importance of the service they offer.
As more investors become comfortable outsourcing functions to third-party providers, the importance of excellence in this space is coming into sharper focus. In a part of the industry where services can risk becoming commoditised, providers are keen to demonstrate the high calibre solutions they offer. Outsourcing can alleviate a number of pressures off investment managers, however the service provided needs to be of the highest quality.
Jack Seibald (pictured), Managing Director and Global Co-Head of Prime Brokerage & Outsourced Trading at Cowen, has closely observed the industry’s development. He comments: “The most important lesson the outsourcing industry has learned is
With fund managers’ demand for increased access to larger datasets, the opportunity arises for service providers in the outsourcing space to enhance these already-expanding datasets. The increased use of data and evolving use cases are leading to a shift towards clients’ front office functions.
Libby Vanderkaay (pictured), Senior Vice President and Head of Account Management at Arcesium, says: “Historically, we’ve managed a great deal of middle- and back-office data for our clients, so consuming data for the front office is simply a natural extension of our capabilities. We see this development as an opportunity to have a real single source of
By A Paris – They say you should never let a serious crisis go to waste and the latest wave of turbulence caused by the global Covid-19 pandemic is certainly testing the hedge fund industry to understand how to make the best of a difficult situation.
The fortunes of hedge funds have been mired in chaos. The HFRX Global Hedge Fund Index, lost 7.76 per cent by the last week of March yet the in the same breath, the Eurekahedge Hedge Fund Index registered its strongest outperformance relative to underlying markets since October 2008, outperforming the MSCI AC World Index
The advent of negative prices for the US West Texas Intermediate (WTI) oil benchmark will further squeeze growth and investment in the Permian basin, potentially heralding a sharp slide in US natural gas exports, according to Horseman Capital Management.
The London-based contrarian long/short hedge fund firm led by Russell Clark believes US exports of liquefied natural gas are likely to fall, “potentially precipitously”, in the current trading environment – a knock-on effect of lower US oil production.
“If I was a US LNG exporter, I would listen to the Noel Gallagher song ‘Gas Panic’,” Clark said in a note on
Commodities markets are often viewed predominantly through the narrow lens of energy markets, with the recent dramatic oil price volatility garnering front page headlines, bringing hefty gains for several hedge fund strategies amid the turmoil.
Trading platform BidFX has gained access to frontier markets by adding global markets banking specialist ICBC Standard as a new liquidity provider.
Read the full story at InstitutionalAssetManager…
Elaine Breen has been appointed by INDOS Financial, an independent fund depositary and oversight business, as Head of Legal & Compliance for its Irish operations. Breen was formerly the General Counsel at BlackBee Investments, an investment firm in Cork City, Ireland and prior to this, held senior roles at IFG Group PLC and Willis.
Breen is a member of the judging panel for the global Women in Compliance Awards, the Early Irish Career Awards and is an assessor for the Good Governance Awards for the not-for-profit sector. Elaine was also recognised in the 2019 Ireland General Counsel Powerlist.
“We are very
Pragmatism in the face of uncertainty
Pragmatism in the face of uncertainty