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Deaglo, a cross-border advisory firm that provides FX execution and risk management solutions to institutional investors, investment managers, multinational corporations and private clients, has launched. The firm says its aim is to ‘educate and empower CFOs to take control of their FX risk and manage their cross-border transactions more effectively’.
Ashley Groves, CEO & Founder, says: “Investors are increasingly looking overseas for deal making opportunities, yet in many cases don’t have the in-house expertise to quantify and manage their FX risk. Unfortunately, traditional approaches to managing these risks, which have beens by the banks, are opaque, cumbersome and expensive, and as
EJF Capital (EJF), a global alternative asset management firm, and AmWest Asset Management, an affiliate of The AmWest Group (AmWest), have formed a strategic joint venture partnership to manage investments in non-qualified mortgage (non-QM) loans as well as other non-agency mortgage loans acquired from select bank and non-bank originators. As part of the agreement, AmWest Asset Management LLC will have a minority role in the partnership.
EJF’s Co-Founder and Co-Chief Executive Officer Neal Wilson says: “We are excited to partner with AmWest to take advantage of the attractive investment environment in the non-qualified residential mortgage space, which has begun to experience
E*TRADE Financial Corporation has appointed Corporate Controller Brent Simonich as Chief Risk Officer after Paul Brandow advised the Company of his decision to retire, following over a decade of service to the firm. The appointment of Simonich is effective immediately, while Brandow has agreed to serve in an advisory capacity throughout the transition.
“We are extremely fortunate to have such a proven and capable leader as Brent on our bench, who will ably take the charge,” says Mike Pizzi, Chief Executive Officer of E*TRADE Financial. “Brent is a tried and true E*TRADE stalwart with deep knowledge of our industry, our Company,
A new venture called Skytra has been launched by Airbus to develop highly regulated financial instruments and infrastructure to support the air travel industry’s risk management of its revenues.Skytra has developed a family of global and regional indices which track the daily changes in the price of air travel in each geographic market. Airline ticket prices change constantly due to a multitude of external factors including supply or demand surges, political issues, tax and economic uncertainty. Whilst airline infrastructure and operational commitments are planned years into the future, the vast majority of airline tickets are sold in the last five
Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan. The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed.
“We appreciate the additional vote of confidence demonstrated by this investment. JP Morgan has been an important client and partner to us for a number of years and we look forward to working together to bring joint solutions to market,” says Gaurav Suri, CEO
The upcoming US elections and the possibility of a rate shift in the UK and Europe could present hedge funds with alpha hunting opportunities, writes Hedgeweek Editor-in-Chief, James Williams…
The last decade was dominated by sustained central bank intervention, giving rise to supercharged performance in equity and bond markets. And stripping away volatility like one would offensive wallpaper in a new home. This was not a period for hedge funds to operate at their optimal best, but perhaps this new decade – and indeed this year – could start to re-introduce some much needed volatility and give hedge fund managers
The majority of asset managers dragged into new uncleared margin requirements over the next two years could avoid tying up capital altogether, but still play by the rules, according to recent research from OpenGamma.
After a one-month reprieve, the hedge fund industry returned to net outflows in November with USD4.7 billion in redemptions, a reversal from October’s USD1.9 billion in industry inflows.November’s redemptions represented 0.2 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
A USD19.1 billion November trading profit brought total hedge fund industry assets to more than USD3.16 trillion as the month ended, up from USD3.13 trillion at the end of October.
November’s redemptions were driven by numerous economic events and indictors that worried investors as summer came to a close,
The Charles River Investment Management Solution (Charles River IMS) now integrates with ChartIQ, enabling Charles River to provide institutional traders with visualisation tools that deliver greater insight into data affecting investment decisions. These capabilities help traders conduct pre-trade technical analysis, gauge in-trade market impact and better understand post-trade execution quality.
Charles River IMS combines an order management system (OMS) with multi-asset execution capabilities, creating a consolidated order and execution management system (OEMS). By integrating with solution providers like ChartIQ, the OEMS enables traders to work more productively at generating alpha, managing risk and helping inform their firm’s strategic investment decisions.
“ChartIQ’s
Horizon Software (Horizon), a provider of electronic trading solutions and algorithmic technology, has released a new version of its global EOMS product, adding significant and unique improvements for the automation of client order/execution workflow to its already market-leading solution. The enhancements, which will be available globally, include a more efficient workflow to create and trade derivatives strategies and improved performance, now supporting a trading scope of over 10 million instruments.
The multi award-winning EOMS has been used by sell-side Horizon clients in Asia for some time; this international launch sees the solution with added new features resulting from Horizon’s unique experience
