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JP Morgan Alternative Asset Management is rolling out a new long/short ESG-focused hedge fund strategy, which aims to generate alpha by trading a range of global sustainability themes – but warns that more work is needed on ESG education within the hedge fund industry.
Duet Group, a global investment holding company, has implemented LiquidityBook’s SaaS-based LBX Buy Side as its POEMS (portfolio, order and execution management system).LiquidityBook’s platform provides a full range of order, execution and portfolio management capabilities, including real-time performance, full historical P&L, risk management, compliance and reporting. The cloud-based technology can be tailored to meet clients’ individual needs and offers tremendous cost savings, which were key considerations for Duet.
Duet recently announced the acquisition of two wealth management advisors, effectively adding two additional offices to its existing locations in Hong Kong, London and New York. Thus, the firm needed a solution
A risk-based approach to governance and compliance can help financial services firms implement a holistic view of their processes and procedures while ensuring high levels of trade surveillance and monitoring.
“We believe the goal is to get away from siloed surveillance processes,” says Michael Lehman, Partner at ACA Compliance Group and product manager for ACA’s trade surveillance technology solution. “To do that, firms should take a risk-based approach to all their trade and communication analysis.”
ACA Compliance Group (ACA) is a global provider of governance, risk, and compliance advisory services and technology solutions. Its clients include investment advisers, private fund
By Don Steinbrugge, Agecroft Partners – Equity markets around the world sold off last week because of uncertainty relative the Coronavirus’ impact on the global economy and corporate profits. No one knows how bad the economic impact might be, but the worst case scenario or potential “tail risk” is truly frightening relative to loss of life, contraction in global GDP and implosion in the financial markets.
One thing we are confident in is that globally coordinated monetary stimulus will not be very effective in preventing an economic meltdown due to preventative measures in reducing the spread of the virus.
The
Austin-based Eventus Systems, a global trade surveillance and market risk software platform provider, has appointed two executives to key new roles at the firm. Eric Einfalt has joined as Chief Strategy Officer, and David Mitchell as Regional Sales Executive, North America. Together, they bring more than 45 years of financial services and markets experience.
Both based in Chicago, Einfalt reports to Eventus CEO Travis Schwab, and Mitchell reports to Scott Schroeder, Managing Director and Global Head of Sales.
The firm announced last month the completion of a USD10.5 million Series A funding round to enable Eventus to grow its
Drawbridge Partners, a premier cybersecurity software and services firm specialising in the needs of hedge fund and private equity managers has been selected by Optima Partners, a global financial regulatory compliance advisory firm, for the outsourcing of its due diligence questionnaires (DDQs) distribution process via the DrawbridgeConnect platform.
Trader Jeff Tompkins has launched his flagship hedge fund, Altos Capital. The main objective of the fund is to outperform the S&P.
Asset Control, a leading provider of proven, data management cloud-based services for financial data analytics, has launched its new Ops360 workflow solution. Ops360 is a rich web user interface based on a new business domain model and RESTful API that offers users unprecedented control for sourcing, mastering, governing, investigating and exploring their financial instrument data.Ops360 focuses on enabling business and operations users to more easily browse, process and validate financial data. It is part of a product rollout that incorporates a range of new open source technologies into the Asset Control platform. Existing financial services-focused Enterprise Data Management solutions fall
Avalon Capital Partners Limited (Avalon) has hired five senior cash equity salespeople as it continues with rapid expansion plans across both Event Driven and International Equities.In the Event Driven division, Aaron Sawyer, Holger Klees and Gregory Lafitte have joined the team to bolster Avalon’s already considerable presence in this market.
In the International Equities Division, Conor Smith and Gavin Atkins join from Cantor Fitzgerald to lead the build out of an institutional cash equity desk, providing liquidity to an international client base.
“The continued expansion of Avalon with these hires is demonstration of our commitment to the Equity space. Where
Cowen Inc’s global Outsourced Trading group was recognised as the “Best Outsourced Trading Provider” at the Hedgeweek European Awards 2020.The criteria for the awards were based on an online peer review system in which managers, fund administrators, prime brokers, custodians and advisers were invited to elect “best in class” in a variety of categories.
Upon winning the award for the second year in a row, Bobby Croswell, Managing Director, Outsourced Trading, said: “We’re honoured to be recognised yet again by Hedgeweek and our peers in the industry as Best Outsourced Trading Provider. This award validates our continued commitment to providing
