Latest News
Five Star Funds, an asset management and advisory firm, has launched the Flamingo All Weather Fund, the first hedge fund of its kind to be based in Las Vegas, Nevada.
The area has enjoyed sustained periods of significant economic growth, transforming the city from a boom-and-bust town dependent on discretionary spending at casinos to a business-friendly metropolis fostering growth in diversifying sectors.
“The floodgates really opened when the recent tax changes went through,” Derek Davis, Partner at Five Star Funds, says. “Since the limiting of the SALT deduction, we’ve seen an unprecedented amount of wealth flee California and settle here
The 2020 outlook for the global asset management sector is stable, reflecting high profit margins, manageable debt burdens, and sustained risk appetite among investors, Moody’s Investors Service says in its annual outlook.
The outlook is supported by a number of factors including low expectations for a recession in 2020, continued rationalisation of middle and back office functions which will help preserve profitability, and expectations for bolt-on (as opposed to transformational) M&A activity.
“Although under pressure from fee compression, passive product substitution, and low organic asset growth, profit margins remain high for traditional asset managers, which is a source of credit
Valuation is a key discussion point in the collateralised reinsurance and catastrophe insurance-linked securities market right now. Over the course of the loss years of 2017 and 2018, Pillar Capital Management Limited (Pillar Capital) has been very focused on its reserving practices and making sure it allocates changes to the NAV into the month that they occur with limited variability. This has been done while following a growth trajectory expected to continue into the year ahead.
Pillar Capital’s core investment strategy for its funds involves indirectly taking risk through indemnity based “primary” reinsurance. Advantages of this approach include significant choice
Robert Quinn Consulting Limited (RQC) and Capricorn Fund Managers Limited (CFM) have strengthened their long-standing partnership with CFM taking a significant interest in RQC.
RQC is a leading compliance consulting and advisory firm founded in 2007, with offices in London and New York. It has extensive experience of FCA, SEC and CFTC compliance. CFM is part of the Capricorn Capital Group (Capricorn), an international family office with offices in London, Johannesburg and Hong Kong. Capricorn has a long and successful history in backing high-quality teams in a range of alternative investments.
CFM and RQC already have a partnership through their
Charles River Development has appointed Spiros Giannaros as president of Charles River Development (CRD) with responsibility for day-to-day operations of the company including product, development, sales and services for the Charles River Investment Management Solution (Charles River IMS).
Giannaros will report to John Plansky *pictured), who remains chief executive officer of Charles River and leader of State Street Global Exchange and State Street Alpha, the Company’s front-to-back investment servicing platform for global investment managers, hedge funds, asset owners and insurers. Charles River IMS provides many of the front- and middle-office capabilities of State Street Alpha.
“I’m very pleased that Spiros
Siebert Financial Corp (Siebert), a provider of financial services, has completed the acquisition of Weeden Prime Services (Weeden Prime), a prime brokerage services provider for hedge funds and family offices.
Weeden Prime is now a wholly-owned subsidiary of Siebert.
The acquisition of Weeden Prime will provide a new customer base of institutional clients as well as several strategic clearing relationships. Weeden Prime’s technology, including their Armor solution, will be added to Siebert’s technology portfolio.
In addition, there are substantial cross selling opportunities for the institutional and retail clients, including partnering with institutional clients to generate new product offerings for the
Forex trading solutions provider Integral has reported average daily volumes (ADV) across its platforms of USD34 billion in November 2019.
Integral says the no other platform reaches as many, as varied, and as comprehensive a set of FX products and participants as Integral OCX. Banks, brokers, and asset managers now share direct access to OCX and use this liquidity to win market share from their competitors.
OCX is directly cross connected with more than 250 liquidity sources supplying more than 3,000 market making streams in NY4, LD4, and TY3. OCX’s award-winning advanced market design delivers the ultimate in execution performance
TraderMade, a provider of FX research, data and charting applications, has signed a partnership with FINBOURNE Technology to make its data available on LUSID, an open investment data platform.
TraderMade data is available without charge as part of the 90 day free evaluation period available to all clients that sign up to LUSID.
TraderMade provides a source of daily closing FX rates for all major currency pairs for use within the LUSID platform to support investment management processes and analytics.
TraderMade’s data is fully integrated into the demonstration portfolios available via API when a customer signs up to LUSID. In
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
