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Lazard Asset Management is launching a new emerging markets quantitative fund which will trade a diversified, low volatility strategy with an ESG focus placed at the forefront of its stock-picking process.
Backstop Solutions Group, provider of a cloud-based productivity suite for institutional and alternative investors, has launched Agile Pipeline Management for capital-raising teams within asset management firms. The new capability enables users to shape a complete view of their pipeline on the fly through an intuitive, real-time experience.
“Our Pipeline Manager provides users with an unparalleled self-service solution,” says Adam Hoit, VP of Product at Backstop Solutions Group. “We enhanced the support for firms that need to operate with agility by giving them the ability to update pipeline views, modify single or multiple data points, and incorporate new data fields without
BidFX, a cloud-based provider of electronic foreign exchange (FX) trading solutions, has launched a major upgrade to its mobile app to meet growing demand among hedge funds and asset managers to securely manage and trade their spot FX, forward and NDF positions anywhere in the world, at any time.Via global SAAS technology, mobile app users will be able to access BidFX’s trading functionality to watch the market and manage their orders in real-time. Seamless integration across desktop and mobile devices, combined with an unrivalled security framework, will enable traders to access the FX trading platform on the go confidently.
Jean-Philippe
Hedge funds are positioning for a spike in volatility in healthcare, energy, financials and tech as the US presidential election gathers pace.
US-focused long/short equity and event driven managers forecast Donald Trump winning a second mandate in November’s poll, according to research by Lyxor Asset Management.
But with certain Democratic candidates, including Bernie Sanders, promising sweeping changes to the healthcare and banking systems, a ban on fracking, and increases in wealth and corporate taxes, along with higher wages, certain industries – including healthcare, energy, defence, financial, and tech – are more sensitive to the elections.
“Some managers are shaving off
Proprietary trading firm Capitalead has expanded its use of Vela’s DMA Platform to access global futures and options markets.Vela’s DMA Platform offers normalised order entry, pre-trade risk, drop copy, full risk management and normalised market data, supported by a strong clearing member ecosystem. This high-performant and scalable platform provides low latency and fully-normalised access to all the major listed derivatives venues for buy-side and sell-side firms. Vela offers the platform as a fully-hosted and managed solution (as-a-Service), leveraging its existing infrastructure network, exchange connectivity lines, and major points of presence across the globe.
Prior to working with Vela, Capitalead used multiple disparate
Velox Clearing has appointed brokerage industry veteran Michael Higgins as its Chief Executive Officer.Higgins brings three decades of financial services leadership experience to Velox, most recently serving as Head of Operations at LPL Financial (LPL). In this position, he oversaw all areas of the firm’s operations while mitigating risk, increasing efficiency, and working to continuously improve the client experience. At LPL, he was also Senior Vice President of Operational Risk Management, where he was responsible for the development and implementation of a risk culture and mitigation methodology throughout the firm’s operational and service organisations. His career to date also encompasses
FXCM Group has launched an API-powered integration with TradingView, an all-in-one financial platform for traders in the equity, cryptocurrency, futures, and FX markets.The integration means that FXCM users will be able to execute orders directly from the TradingView platform. With access to TradingView’s powerful charting tools, advanced data analytics, and user-generated research, customers will now have the option to gather new sources, assess market moves, and trade in real time.
“Our integration with TradingView will bring sophisticated tools to the FXCM portfolio, ensuring our customers have access to as much technology and information as possible,” says Sameer Bhopale, Chief
IQ-EQ has acquired Blue River Partners (Blue River), a US provider of outsourced solutions to alternative asset managers in a deal that IQ_EQ says makes it a major player in the US private equity and hedge fund services market. The newly combined IQ-EQ US operation will total 200 people in the US as a result of this transaction.
Founded in 2009, Blue River pioneered back-office outsourcing for alternative asset managers, and has grown to become an industry leader, servicing more than 400 clients across the US and employing approximately 180 team members across its seven office locations – Dallas (HQ), Fort
Electroneum has expanded its global trading presence by partnering with BiKi, a Top 20 cryptocurrency exchange on CoinMarketCap. The crypto exchange provides a safe, stable, and effective digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs.
BiKi offers a full solution besides the listing of the project’s token that includes continuous marketing exposure leveraging the brand awareness of the project, including news publications on top crypto news media like CCN and Jinse Finance as well as spreading of information to 200,000 WeChat users.
BiKi also build a project’s local community from scratch, by assigning influencers with hundreds
Tullow Oil, the London-listed oil and gas explorer shorted by several major hedge funds, has seen a further slump in its share price this week.
Tullow shares dipped from 45.81pp on Friday to 43pp on Monday, following the announcement it is abandoning its Marina-1 drilling project in offshore Peru having failed to strike oil in the area.
Crispin Odey’s Odey Asset Management is one of a number hedge funds with long-standing bets against the driller. According to regulatory disclosures, Odey – whose flagship Odey European long/short equity strategy suffered a 10 per cent annual loss last year – has a
