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TransFICC, a specialist provider of low-latency connectivity and workflow services for fixed income and derivatives markets, and SoftSolutions, a developer of high-performance mission-critical platforms, are partnering to provide clients with connectivity and workflow solutions for Interest Rate Swaps.Using TransFICC’s ‘One API for eTrading’ platform, SoftSolutions will be able to offer its clients access to IRS e-trading, in addition to its existing Rates and Credits services. TransFICC and SoftSolutions will support specific workflow functionality demanded by firms trading in the Swaps market, including Request for Quote (RFQ), Request for Stream (RFS), Request for Market (RFM), Process trades and Lists/Compression trading. Product
JTC has appointed Neil O’Brien as Funds Director in its Luxembourg office. O’Brien is responsible for reviewing operational processes in Luxembourg and is also the Luxembourg client relationship manager for several clients.For over 20 years O’Brien has focused on alternative funds, primarily in the hedge and private equity sectors, with his career seeing him work in numerous jurisdictions such as Australia, Bermuda and Singapore. Prior to JTC he has most recently held senior roles at Citco Fund Services where he was Head of Operations for alternative funds, and also SS&C GlobeOp as Conducting Officer, both based in Luxembourg.
Luxembourg is
ACA Compliance Group (ACA), a provider of governance, risk, and compliance (GRC) advisory services and technology solutions, has become a global sponsoring partner of the Alternative Investment Management Association (AIMA).
Hedge funds registered their strongest outperformance relative to underlying markets since February 2009, outperforming the MSCI AC World Index IMI (Local) by 6.18 per cent in February. Long Volatility/Tail Risk hedge funds led the performance tables and have outshined most other asset classes including gold.
Chicago-based RJ O’Brien & Associates (RJO), one of the oldest and largest independent futures brokerages and clearing firms in the US, has selected Austin-based Eventus Systems, a multi-award winning global trade surveillance and market risk software platform provider, to provide its global market surveillance and real-time risk monitoring solution.
Merger arbitrage is proving the most resilient hedge fund strategy amid the continued global volatility sparked by the coronavirus outbreak, according to Lyxor Asset Management.
Merger arb strategies were down just 0.4 per cent since the 18 February equity peak, while a traditional 50/50 equities and bonds portfolio has lost 4.6 per cent, based on the MSCI World and Barclays Global Aggregate Bond indices, up to 3 March, Lyxor strategists observed on Tuesday. The strategy was resilient in a context where deal spreads were stable up to 28th February and widened afterwards.
The recent widening of deal spreads offered opportunities
Close to a third of hedge fund firms have now slashed management and performance fees, according to a new industry study, which suggests managers increasingly must offer discounts and other novel fee models to retain investor mandates.
The report, ‘European Alternative Investments 2020: Matching Different Demands’, published by Cerulli Associates, explores how falling risk-adjusted returns and competition from rival products such as private equity have prompted hedge funds to overhaul their fee structures.
Almost half of the large institutional investors—those with assets of more than EUR15 billion (USD16.8 billion)—surveyed by Cerulli said that they now always receive discounts for onshore
Canoe Intelligence, a financial technology company providing alternative investment operations for institutional investors, allocators and asset servicing firms, has signed a deal with Prime Buchholz, an independent alternative investment advisory firm.Canoe will automatically convert manager reports received by Prime Buchholz into reader-friendly datasets, streamlining a labour-intensive process and helping to import data into workflows and reporting analytics systems such as Investment Metrics.
Headquartered in Portsmouth, NH, Prime Buchholz advises on USD53 billion in assets vital to educational institutions, health care organisations, public and private foundations, cultural and faith-based organisations, retirement plan sponsors, and private wealth.
“Our technology is system-agnostic, enabling
Tether, a blockchain-enabled platform that powers the largest stablecoin by market capitalisation, and Aave Protocol, an open source and non-custodial protocol, are working together to bring wider adoption of Tether (USDt) as a financing tool to the nascent decentralised finance (DeFi) ecosystem.
Euromoney TRADEDATA has launched its first reference data application that can be deployed into the Symphony secure team collaboration environment, in the second deliverable from its strategic partnership with data sharing and workflow platform ipushpull.The application will provide licensed Symphony users on demand access to Euromoney TRADEDATA’s reference data sets. Enabling secure data transfer between internal and external counterparties, to resolve trade-processing, including incorrect or missing trade data, pre-trade risk, clearing, settlement and regulatory reporting issues.
Commenting on the announcement, Mark Woolfenden, Managing Director of Euromoney TRADEDATA, says: “The release of our first Symphony application endorses our strategy of
