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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for December 2019 measured 1.65 per cent.Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.84 per cent in January.
“SS&C GlobeOp’s Capital Movement Index for January 2020 of -1.84 per cent reflects net outflows consistent with seasonal patterns. It should be noted that the -1.84 per cent is well below long term averages for the calendar month of January, and is also lower than the -2.13 per cent reported a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In effect, the relatively low level of
The managed futures industry closed the year with a second consecutive profitable month and rose 0.20 per cent in December, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. For the full year, CTAs returned 5.15 per cent.“A fourth month of rising equity prices and government bond yields provided a tailwind for momentum traders in December, but price reversals in agriculture and some currency markets created cross winds that reduced trading profits,” says Sol Waksman, president of BarclayHedge.
Only three CTA sectors posted positive results in December. The Discretionary Traders Index led the way with
Confluence Technologies (Confluence), a technology solutions provider for the money management industry, has appointed Annabel Giles to the newly created role of Chief Human Resource Officer (CHRO).The role was created to further develop the company’s human resources function, helping Confluence to develop its people strategy and continue to attract, retain and develop people successfully. As part of her role, Giles will be responsible for developing a talent management and resourcing strategy, as well as a global reward program, and for overseeing change management.
Annabel comes to Confluence with over 20 years of experience in human resources, mainly within the asset management
DASH Financial Technologies, a capital markets technology and execution provider, has launched an enhanced liquidity solution within its agency listed-options routing suite, SENSOR.DASH ATS is an innovative alternative trading system designed to solve the liquidity sourcing challenges inherent in today’s US listed options market. Through DASH ATS’ automated Request for Quote (RFQ) process, a diverse network of market makers and liquidity providers can respond to client orders with their quotes. By combining the DASH ATS with the SENSOR smart-routing suite, clients may seamlessly benefit from this liquidity within their routing workflow. When the RFQ response improves the NBBO – either
Global law firm Ropes & Gray has promoted six attorneys to counsel. Their experience spans private equity, hedge funds, finance, asset management, real estate, tax and estate planning. “These are best-in-class advisors who know their industries inside out,” says chair Julie Jones. “Our newly elevated counsel each have the experience and know-how to strategically tackle challenging client issues, and they are excellent collaborators and colleagues.”
“In the finest Ropes & Gray tradition, these lawyers are relentlessly focused on our clients,” says managing partner David Djaha. “They are in the trenches with them, digging into complex issues and securing the best results.”
Maitland, a global advisory, family office and fund administration firm, has appointed Natasha Head and Craig Rowland as Business Development Managers based in London.Natasha will be responsible for growing Maitland’s Management Company (ManCo) and Fund Administration businesses across the UK, Guernsey and Luxembourg. She brings over eight years’ experience working in the alternative investment industry, having previously worked at an independent fund administrator selling fund solutions to UK private equity and venture capital managers.
Rowland will be primarily focused on growing the UK domiciled ACD and Fund Administration businesses, bringing twenty years’ experience building sales teams across North America, Europe
ACA Compliance Group (ACA) has appointed Shvetank Shah as Chief Executive Officer (CEO) and member of the Board of Directors effective immediately. Shvetank previously worked at Gartner where he held many leadership roles including Senior Vice President of its Technology & Service Provider practice. Shah will be based in ACA’s Silver Spring, MD office.
As ACA’s CEO, Shah will oversee all global operations and the corporate growth strategy. His responsibilities will include executive leadership, management, strategic vision, and accelerating the growth of the business.
Shah has almost 30 years of experience as a business unit General Manager, strategic advisor,
EEX Group achieved major increases in all territories and across the majority of its portfolio in 2019 with double digit growth on its power and natural gas markets and with triple digit growth recorded on its freight markets.Peter Reitz, CEO of EEX, says “2019 is another record year for EEX Group and confirms our position as a Global Commodity Exchange. In addition to the significant increases in our power and natural gas markets in Europe, I’m particularly encouraged by the growth in our North American power and environmental business as well as the huge gains achieved in freight”.
In 2019,
Machine learning’s influence over hedge funds will continue to grow, shaping trading decisions and portfolio positioning, while sustainable alpha opportunities are driving the industry to an inflection point, a new study by JP Morgan suggests.
Hedge fund and private equity investors to focus 2020 due diligence efforts on alternative data compliance, says Corgentum survey.The vast majority (83 per cent) of hedge fund and private equity investors intend to continue increasing the resources they allocate to analysing compliance procedures surrounding alternative investment managers use of third-party research including expert networks.
That’s according to the results of a new survey by Corgentum Consulting, a provider of operational due diligence reviews and background investigations.
In particular, investors believe that a key focus in 2020 will be on the security and privacy considerations surrounding hedge funds and private equity
