Latest News
Broadridge Financial Solutions is aiming to bring new cloud-based solutions to Broadridge’s clients in the financial services industry. As part of this strategic collaboration, Broadridge will create The Broadridge Private Cloud powered by IBM and will transition a significant portion of its global infrastructure to IBM. This key milestone in its cloud strategy will enable Broadridge to better provide powerful industry solutions to leading financial institutions around the world, with improved speed to market, flexibility, and resiliency.
Accelerating its shift to a hybrid cloud model will enable Broadridge to further deliver next-generation SaaS solutions to its clients through industry leading technology
The recent underperformance of momentum stocks suggests the prevailing trends of recent years are drawing to a close – potentially making alpha generation increasingly challenging for hedge funds, according to Man Group analysts.
After more than two years of strong performance, momentum names – trades which capitalise on existing market trends, either upward or downward – suffered a sharp reversal towards the end of 2019.
Analysts at Man Group, the publicly-listed London-based global hedge fund group which runs a range of quantitative, discretionary and fund of funds strategies, noted a drop-off in shorting activity, potentially reflecting a “difficult environment” for
Blockchain.com, a provider of cryptocurrency products has launched a trading API for cryptocurrency traders to access the deep liquidity and fastest matching engine in crypto on the Blockchain.com Exchange using automated trading algorithms.The Blockchain.com Exchange redefines speed, reliability, and liquidity, while fixing major pain points in trade execution that the industry has failed to address. Now with the Blockchain.com Exchange API, traders can receive real-time market data and execute orders instantly, to help them capture an edge using programmatic trading strategies
The Blockchain.com Exchange API is the latest addition to the suite of APIs the Company has engineered for developers,
– Uncertainty still looms for commodities-focused strategies as Middle East tensions resurface –
The deadly missile strike against Iranian general Qassem Suleimani at Baghdad Airport on 3 January elevated oil prices amid immediate concerns over renewed conflict in the region. Brent Crude surged to more than USD70 a barrel following the attack, and prices stayed above USD68 early last week, before falling back to just under USD65 on Monday.
But while there may be potential for further episodic bouts of volatility further down the line, commodity-focused hedge fund managers believe that for now, the recent surge has likely hit its
In this latest podcast, produced in association with SEI, Michiel Meeuwissen (pictured), Head of Hedge Fund Solutions at Kempen Capital Management, and SEI’s Ross Ellis, discuss the evolution of asset management, and in particular two key trends – vulnerable economics, and emboldened investors.
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Mihai Florian in a newly created role as Senior Portfolio Manager, to further develop the firm’s emerging market debt (EM) illiquid corporate credit strategies.Based in London, Mihai reports to Polina Kurdyavko, Head of Emerging Markets and will be responsible for developing BlueBay’s capabilities in illiquid emerging market corporate credit through co-investment opportunities and new closed-ended investment strategies.
The team believes there is an increasing opportunity to invest in EM illiquid assets, driven by ongoing issuance of loans and other illiquid instruments in relatively unpenetrated and inefficient markets at a
Counterparties using the triReduce CLS FX compression service have eliminated USD9.1 trillion of gross notional value from their FX forward portfolios in 2019. A new record for the service, this equates to an annual increase of 71 per cent.
In Q4 alone, the service compressed USD4.9 trillion of gross notional value, 153 per cent above the previous quarterly high achieved in Q3 2018. The new record was driven by increased participation from the prime broker and executing broker community, larger trade populations being submitted for compression and increased year-end activity as market participants manage their risk exposure and capital charges.
Hedge fund managers were up 1.52 per cent in December, pushing their year-to-date return to 8.58 per cent. The official announcement of the completion of the US-China phase-one deal provided support to risk assets, pushing the global equity market higher during the month. The MSCI ACWI (Local) was up 23.44 per cent in 2019.
On an asset-weighted basis, hedge funds were up 1.53 per cent in December, as captured by the Mizuho Eurekahedge Hedge Fund Index (USD). The index was up 6.90 per cent throughout the year.
The Eurekahedge North American Hedge Fund Index edged 1.65 per cent higher during the
GSK Stockmann has added to its investment funds practice in Luxembourg with the hiring of Dr Marcel Bartnik as local partner, effective January 2020.Bartnik has extensive experience in the Luxembourg investment fund industry. He has been working in Luxembourg for close to 15 years, advising institutional clients, private equity firms, investment houses and high-net-worth individuals across the corporate, real estate, private equity and finance sectors both in Luxembourg and internationally. His main areas of expertise include fund formation and structuring advice for alternative investment funds (AIF) as well as traditional retail (UCITS) funds, including AIFMs and management companies. In addition, he
Equity Trustees Fund Services has made three new appointments in its London and Dublin offices.“The Fund Services division of our business has built a market leading proposition over two decades in independent fund governance,” says Harvey Kalman, Head of Global Fund Services at Equity Trustees. “It’s critical in maintaining our reputation for independent expertise and client service to appoint experienced members of staff that can continue to allow us to provide a market leading service to our clients and the investors in the funds for which we are responsible.”
The new staff will report to Kevin Lavery, CEO (Ireland) and
