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big xyt, an independent provider of market data analytics, has appointed Richard Hills as Head of Client Engagement. Working alongside Mark Montgomery, Head of Strategy and Business Development, Hills’ appointment will accelerate the implementation of big xyt’s 2020 strategic business plans.
Based in London, Hills joins big xyt from Société Générale, where he launched and built the equities electronic trading business, going on to become Global Co-Head of Cash Equities Execution encompassing electronic, program trading and high touch execution.
In this newly appointed role Hills will help to drive client innovation using a partnership engagement model. Hills will be
Sudrania Fund Services Corp (Sudrania) has released Seamless Impact, the latest version of its flagship fund administration platform, Seamless Investment Backoffice. Seamless Impact has been tailored to the needs of funds in the impact investment space – Community Development Financial Institutions (CDFI) as well as Environmental, Social and Governance (ESG) investments.
Sudrania says impact investments are in need of more technology. Many funds have large transaction volume for small investment amounts. In the past, this posed an issue of making fund administration very expensive relative to socially conscious investment mandates. However, with the use of technology, Sudrania can now offer fund
Algebris Investments, Davide Serra’s multi-asset class hedge fund firm, says markets are “ripe with opportunities”, and is now preparing to deploy its “dry powder” liquidity in a range of asset classes it sees as benefiting from future fiscal stimulus and persistent low interest rates.
Alberto Gallo, portfolio manager of the firm’s macro credit-focused Algebris Macro Credit fund, believes current dislocations offer value for investors taking a long-term view.
“Even though the virus spread may lead to a recession, price discounts across most asset classes provide a large cushion for negative scenarios,” Gallo said, adding markets “are now ripe with opportunities.”
Financial technology platform iCapital Network, which provides financial advisers and their clients with access to a curated menu of private equity and hedge funds at lower minimums, has closed a USD146 million funding round.Read the full story at Wealth Adviser…
Meraki Global Advisors has made two senior hires: Eric Savitz, a 20-plus year veteran of the outsourced trading industry, has joined as Co-Head of Trading, and Gregory Sutton, a hedge fund professional for 14 years, has also joined Meraki as Chief Operating Officer. Both will be based at the firm’s offices in Park City, Utah.
Savitz comes to Meraki with extensive experience in financial markets, most recently at Weeden Prime Services, where he was the Head of Outsourced Trading. He was responsible for trading global equities and managing all aspects of the prime brokerage offering. Prior to Weeden, Savitz was a
Alternative credit specialist CIFC has appointed David Walker as Head of Research. In this role, Walker will be responsible for leading CIFC’s US credit research platform and overseeing its robust team of 20 research analysts.
Sterling Trading Tech (STT) has appointed Tim Macek as Director of Technical Operations and Infrastructure. Macek brings over 25 years of IT experience spanning development, infrastructure operations and management in various roles.
MJ Hudson has acquired Meyler to create an expanded transatlantic marketing services offering for alternative assets fund managers.
Zehrid Osmani, manager of the Martin Currie Global Portfolio Trust, gives his market outlook and suggests how investors should approach the current pandemic…The ever-deepening Coronavirus crisis is having a profound impact upon people’s lives the world over, and markets are experiencing their worst falls since the global financial crisis. While it may be hard to see a path out of the doom and gloom, taking a view of the current situation and having a balanced and pragmatic approach to market conditions, focusing on long-term themes, is more important than ever for investors.
Markets are likely to remain in fear
The SS&C GlobeOp Forward Redemption Indicator for March 2020 measured 3.11 per cent, up from 2.83 per cent in February.“SS&C GlobeOp’s Forward Redemption Indicator for March 2020 was 3.11 per cent, lower than the 3.49 per cent reported for redemptions in the same period a year ago. The 3.11 per cent reported for March 2020 marks the third consecutive month of year-over-year reductions in redemption notices,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “We note this improvement in hedge fund redemptions has occurred against the backdrop of the COVID-19 outbreak, but the ongoing increase in cases reported worldwide,
