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Volatility across asset classes will remain elevated as global economies grapple with the continued coronavirus lockdown, with Black Swan events appearing “all too often”, according to BlueBay Asset Management.
AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives community, has joined new partnerships with collateral management consultancy firms Margin Reform and Margin Tonic.
The partnerships will assist clients with Uncleared Margin Rules (UMR) compliance.
“The final initial margin phases will fall on mostly smaller firms with limited internal resources to manage all of the moving parts of UMR compliance,” says Fred Dassori, head of strategic development at AcadiaSoft. “We’re pleased to make it simple for our clients to access the expertise of both Margin Reform and Margin Tonic as we navigate the IM rules, addressing
State Street Corporation has announced a collaboration with CLS, an FX market infrastructure group, to provide asset managers with a consolidated view of CLSSettlement information across their accounts for the first time.
The collaboration will combine TradeNeXusSM, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitorSM, allowing asset managers to efficiently manage their trades eligible for CLSSettlement, along with all trades across their accounts with different custodians. The unique platform will also help asset managers to meet deadlines and alter settlement instructions with ease.
“Asset managers want further visibility into their transaction lifecycles to reduce
Quest Partners, a New York-based systematic CTA, has carved out a strong track record over the past two decades, tapping into market opportunities arising out of volatility swings and increased tail risk in assets using a nimble short-term approach that enables it to switch in and out of positions quickly.
Whale Alert, a tracking service of major cryptocurrency transactions from and to exchanges, is now available on digital asset trading platform Bitfinex’s social network, Bitfinex Pulse. Whale Alert has established itself as a vital information source in the digital asset space as the world’s largest independent blockchain tracker. The addition of a Whale Alert channel into Bitfinex Pulse will further enhance the value of the exchange-based social network, designed to provide real-time, high quality market intelligence.
Whale Alert oversees the live tracking and analysis of millions of blockchain transactions each day, before converting them into a single standard format and storing
The market rebound since 23 March has fuelled strategies with a higher market beta such as Special Situations (+3.8 per cent) and Directional L/S (+1.7 per cent), according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. The former has nonetheless cut its market beta during the selloff and thus lagged the recovery in risk assets.
Market Neutral L/S is the only strategy in negative territory month-to-date (-0.9 per cent), a strategy on which we maintain an Underweight stance. CTAs also underperformed (+0.7 per cent) but considering their resiliency during the turmoil in February and March, it remains the
Please find below comments from Truss Edge and 2912 Advisors on the outsourcing challenges and solutions facing hedge funds during the current Covid-19 lockdown. Should you wish to speak to either Truss Edge or 2912 Advisors in New York, please contact Stuart Fieldhouse using the details below.
Law firm Morrison & Foerster has hired Leonora M Shalet as a partner at the firm’s New York office, in its global Private Funds Group.
Shalet is an accomplished funds lawyer who counsels investment funds in connection with their structuring, formation, and ongoing operational needs, as well as on general securities law matters, and regulatory and compliance issues. She is the tenth lawyer to join the New York office as partner since the start of 2019, and the second addition to the Corporate Department since the start of the month, following the arrival of Mitchell S Presser.
Shalet brings to
SS&C Technologies Holdings has launched Advent TransPort, a solution for customising custodial data for the company’s hedge fund and investment manager clients.The latest addition to Advent Data Solutions enables clients to apply custom rules and logic to standard custodial data files before loading into accounting platforms. TransPort streamlines operations by giving users the power to customise their ACD files and filter out any unwanted data. Firms are then able to focus on their unique data requirements and easily add new values. The service is deployed in the cloud, with SS&C Advent handling data normalisation for more than 800 data sources.
Legal firm Sidley Austin has hired Nathan Greene and Jay Baris as partners in its Investment Funds group in New York. Greene and Baris joined Sidley from Shearman & Sterling, where they were both partners in the Investment Funds practice.
“Sidley has a longstanding track record representing registered investment companies and their constituents in fund formation, board representation and related operational and regulatory matters,” says William D Kerr, global leader of Sidley’s Investment Funds practice and member of the firm’s executive committee. “Our registered fund practice is an important component of our broad private funds practice, which distinguishes our practice
