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More than two-thirds (69 per cent) of asset managers claim that the data management systems and processes that they use today are not ‘very effective’ at supporting business and operational decision-making.
In addition nearly half of asset managers (45 per cent) said their organisation typically measures RoI on data management projects afterwards by carrying out an annual survey into how the business is performing to relevant quality metrics.
These were among the key findings of a recent survey commissioned by Asset Control, a solutions provider for financial data management. The survey also revealed that in terms of management priorities for
PEGAS, the pan-European gas trading platform of EEX Group operated by Powernext, registered a total volume of 195.0 TWh in November.
With 127.6 TWh, the spot segment reported a 23 per cent growth compared to 2018 (November 2018: 103.9 TWh) and the fourth record month for the Austrian CEGH VTP since the begining of the year: 10.1 TWh traded in November 2019 (previous record in October 2019: 9.7 TWh). With 9.1 TWh, the Belgian ZTP also reached a new high in November (previous record: 8.5 TWh in March 2019).
Derivatives trading amounted to 67.4 TWh (November 2018: 89.4
FNY Investment Advisers (First New York), a multi-strategy investment firm, has implemented LiquidtyBook’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. First New York is using LBX Buy Side to support its multi-asset trading workflow, which includes global equities, futures, options, FX and fixed income.
Before signing on with LiquidityBook, First New York worked with three separate providers for varying amounts of time, according to Sandro Polverino, Chief Technology Officer at
Adrian Lee & Partners (AL&P), an active currency and Global Macro Manager for institutional investors, has launched a Global Macro Alpha Fund, which seeks to generate consistent excess return through diversification of macro asset class, region and alpha source, while minimising risks and volatility.
The fund is comprised of three distinct portfolios: Global Equities, Global Fixed Income, and Currencies – a set-up designed to maximise independently expected asset returns and currency cross markets.
The investment process is founded on the exact same philosophy and methodology that generated the firms successful 28 year track record in active currency management for
Walter Global Asset Management (WGAM), the Walter Group’s private equity firm focused on asset management, has acquired a minority stake in Quadra Capital Partners (Quadra Capital) – an asset management firm specialising in alternative investments, with offices in London, Paris and Madrid.
“The Quadra Capital team has impressive experience and a proven ability to establish strong business relationships with prestigious clients in Europe, from large organisations to family offices,” says Sylvain Brosseau, president and CEO, Walter Global Asset Management. “Meanwhile, we will support Quadra Capital here in the North American market, particularly when it comes to developing these same types of
With 2020 on the horizon and fears of a recession looming, SkyBridge Capital Co-CIO Troy Gayeski explains why he believes the economy tied to the US consumer is still in good shape and what investors can do to maximise returns while protecting against a potentially more volatile market in the year ahead.
SkyBridge Capital – the 2019 winner of Hedgeweek’s best fund of hedge funds – serves a diverse pool of investors spanning institutions, accredited investors and sovereign wealth funds and for nearly 15 years, has used “alternative thinking” to generate long-term value and returns.
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Tiedemann Investment Group (TIG Advisors) has selected SS&C Geneva for portfolio accounting.
The New York-based alternative investment adviser says it selected Geneva for its comprehensive asset class coverage and the ability to handle complex fund structures. At its core, Geneva is a real-time dual-entry accounting system featuring closed-period, dynamic and knowledge date-based reporting functionality. TIG Advisors is also using SS&C Eze OMS for order management and compliance.
“Geneva’s speed, extensive experience handling arbitrage products, and capabilities serving the credit space ensure we are in the best position to handle reporting as our business grows,” says Michael Fastert, Chief Operating
Digital asset trading platform trading platform Bitfinex has launched support for the Lightning Network.
The Lightning Network is a decentralised system of smart contracts built as a second-layer of the Bitcoin blockchain, enabling custodian-free instant, high-volume micropayments across a network of participants.
Bitfinex has started running its own Lightning Network node that traders can connect to and open a payment channel with the platform.
“As industry pioneers, we strive to remain at the forefront of Bitcoin technology development,” says Bitfinex CTO Paolo Ardoino. “We’re proud to support the Lightning Network.”
The Lightning Network works by creating a secure network of
Global investment management firm PIMCO is using OpenGamma’s analytics as part of its operational processes to optimise derivatives margin for its clients.
With OpenGamma’s leading software-as-a-service (SaaS) solution, PIMCO is able to reduce margin financing costs for its clients for their derivatives by evaluating all available clearing options across global exchanges and clearing houses.
“Fixed income asset managers need to adapt the way they trade derivatives under new regulations like uncleared margin rules,” says Josh Ratner, Executive Vice President, Head of Americas Operations of PIMCO. “With this in mind, we’re constantly on the lookout for the right technology to drive
Global investor services group, IQ-EQ, has appointed Colin Targett as Managing Director of its Bermuda and Cayman Islands operations.
This strategic new hire follows other senior appointments announced in recent months evidencing the Group’s drive to build its Funds, Private Wealth and Corporate servicing operations in the region.
Targett brings to IQ-EQ more than two decades of senior experience in the fund services space. A qualified chartered accountant by academic training, his career originally began in Bermuda where he spent 10 years working with a number of blue chip organisations, driving forward business growth and leading on all technical aspects of
