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Canoe Intelligence (Canoe), a fintech focused on improving alternative investment operations, has partnered with SS&C Technologies to enable enables SS&C’s Black Diamond Wealth Platform clients to simplify and accelerate their alternative investment operational processes.
LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has appointed Chris Junge as Vice President of Customer Success.Junge will oversee all aspects of the customer support process, working closely with the product and deployment groups to ensure a seamless experience for clients. Through its web-delivered model and tightly integrated client service, product and technology teams, LiquidityBook’s industry-leading POEMS (portfolio, order and execution management system) platform is ideally suited for the rapid implementation of client-driven development priorities.]
Based in New York, Junge joins LiquidityBook from Eze Software Group, where he spent nearly 20 years. He last served as
Hedge funds that built major short positions against UK supermarkets at the start of the coronavirus lockdown have seen their bets go awry as share prices in the sector remained resilient.
Several high-profile hedge fund managers made sizable wagers against the likes of Sainsbury’s and Morrisons earlier in the year, with marquee names such as Pelham Capital, BlackRock and Citadel Europe among those making the biggest bets.
But new analysis by Ortex Analytics, the London-based equity analytics firm, shows that as supermarkets’ share prices have held up throughout the pandemic, many managers have been forced to close their positions without
Trading Technologies International (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and the Institutional Services division (IS) of inter dealer broker TP ICAP, have signed a multi-year agreement whereby TP ICAP will utilise TT’s new Order Management System (OMS) solution. Through this agreement, TP ICAP IS will replace 85 trading screens in London, Paris and New York with TT’s award-winning TT Pro trading screen.
TP ICAP’s IS brokers will use all of the TT OMS advanced order handling and post-trade allocation features to optimise their order executions and reporting. They also will deploy TT’s Advanced Options
Apex Group (Apex), a global financial services provider, has launched a new Compliance Solutions service which will be run by Mel Scotland.
Mark Lacana has been appointed as Chief Revenue Officer at Fund Recs, a cloud-based reconciliation platform for the global funds industry which helps fund administrators, depositories, fund managers and audit firms reconcile complex data.Read the full story at Institutional Asset Manager…
Arca, a digital asset investment firm that blends traditional finance with cutting edge blockchain technology, has launched the Arca US Treasury Fund, an SEC-registered closed-end fund, is available for investment. The Fund is the first product registered under the Investment Company Act of 1940 (’40 Act) to offer its shares as digital securities, called ‘ArCoin.’ Shareholders can directly transfer ArCoin using blockchain technology, broadening the use cases within the digital ecosystem.
The Arca US Treasury Fund invests 80 per cent of its portfolio assets in interest-bearing, short-duration, US Treasury securities and seeks to combine the regulatory standards applicable to
Trad-X, a platform for interest rate derivatives, has added UniСredit as a dealer and ACTIAM as a non-dealer to its dealer-to-client (D2C) electronic central limit order book (CLOB). UniCredit will join existing dealers JP Morgan, BNP Paribas and Commerzbank in providing liquidity to non-dealers. It will stream two-way pricing to a range of smaller banks and buy-side clients trading Eurex-cleared instruments.
Utrecht-based ACTIAM successfully joined the platform as a non-dealer, diversifying the type of non-dealers supporting CLOB execution methodology.
Since completing its first live transactions at the beginning of the year, Trad-X D2C has seen continuous engagement from existing
Short-term trend-following hedge fund strategies stayed in positive territory in the first six months of 2020, despite June proving to be another tough month in which CTAs’ performance continued to slide as markets reverted and lacked direction.
Société Générale’s Short-Term Traders Index – which monitors the daily performance of a portfolio of CTAs and global macro managers with holding periods of up to 10 days – advanced 2.98 per cent in the period between 1st January and 30th June.
Though the index dipped slightly (-0.68 per cent) last month, close to half its constituents posted positive performance in June, Société
Brummer & Partners, the Stockholm-based multi-strategy hedge fund firm, has generated positive returns for the first half of 2020, with US long/short equity, credit and macro strategies all driving performance in its flagship strategy in recent weeks.
Despite a recent spike in market volatility, the Brummer Multi-Strategy multi-manager fund – which invests in a range of single-strategy hedge funds – gained 1.5 per cent in June, while the Brummer Multi-Strategy 2xL (BMS 2xL) added 2.8 per cent.
The recent positive momentum – June’s gains were the third consecutive month of positive returns – means the multi-strategy fund is now up
