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IHS Markit has partnered with Magis Analytics, to launch electronic trade settlement for the distressed leveraged loan market.
Parties to distressed loan trades manage lengthy legal due diligence reviews, document production and trade closing, manually. The average settlement time for distressed loans in 2018 was more than four times longer (T+67) than that of par/near par loans (T+16).
The ClearPar distressed loan settlement solution offers electronic workflows to review upstream ownership history, manage inventory and create purchase and sale agreements. Automating those processes allows buyers and sellers to settle trades much more quickly and efficiently. Deutsche Bank was the
MackeyRMS, a provider of research management software, had added integration with messaging applications Symphony, Slack and Microsoft Teams to its offering.
The new integrations enable the seamless capture, sharing and audit of chat collaborations among investment teams about securities and funds within their portfolios.
Symphony, Slack and Microsoft Teams have seen rapid adoption in recent years within the financial services industry, and particularly within asset management firms seeking to modernise and streamline the way investment teams collaborate and communicate. Integration with MackeyRMS, a pioneer in modern, mobile-first financial technology, will facilitate a more structured, fully auditable framework for investment process
AxiomSL, a provider of regulatory reporting and risk management solutions, is partnering with Genpact, a global professional services firm focused on delivering digital transformation, to empower financial firms (FIs) to efficiently implement IntegratedModelView, a model management framework, on the AxiomSL platform.
AxiomSL’s IntegratedModelView offers FIs a fresh approach to model management by enabling them to create, manage, maintain, and execute open-source language models directly within AxiomSL’s ControllerView data integrity and control platform. With IntegratedModelView, FIs can fully incorporate their model data and outputs into regulatory-reporting solutions running on the platform.
With the advent of Basel IV reforms, many FIs
Hedge fund managers ended September 2019 mostly flat, with the equal-weighted index down 0.13 per cent and the asset-weighted index up 0.15 per cent, according to data released by Eurekahedge.
The continuation of the US-China trade talks and the ECB’s stimulus measures provided support for both equities and bonds early into the month. However, the impeachment inquiry against Trump acted as a headwind toward the month’s end.
CTA/managed futures funds meanwhile, ended the month down 2.20 per cent as managers struggled to generate profit amid the volatile oil market following the attack on Aramco’s facilities. On a year-to-date basis
Shadmoor Advisors, an operational due diligence (ODD) provider for the alternative investment community, has appointed David Umbricht as Managing Director, responsible for operational due diligence coverage across all investment strategies.
Bringing two decades of financial markets, operational and trading experience to Shadmoor, Umbricht has worked with a broad range of organisations including a family office, a major fund of funds, a private bank in Europe and a commercial real estate firm.
“As the role of ODD in recognising potential business risks has become more central to the asset allocation and ongoing portfolio management process, I am excited to join
DASH Financial Technologies, a capital markets technology and execution provider, has launched SENSOR Dark, a dark liquidity aggregation algorithm designed to provide traders with optimal levels of transparency, performance and control in their attempt to minimise footprints when seeking dark liquidity in a fragmented market.
The new strategy is the latest innovation in DASH’s SENSOR suite. It sources dark liquidity from every significant venue across the US equity market, including independent venues, broker-operated pools, exchange hidden liquidity and conditional pools.
In line with the philosophy of all DASH execution solutions, users may customise their own SENSOR Dark execution strategies to
The Citco Group of Companies (Citco) has expanded partnership with Solovis, a multi-asset class portfolio management, analytics and reporting platform for asset owners and allocators.
The strategic partnership with Solovis spans business, technology and services and includes an equity investment in Solovis. This relationship enhances the performance reporting and analytics services currently provided by Citco Institutional Services, the firm’s investment record-keeping and reporting team for institutional investors.
The expanded relationship builds upon the two firms’ existing partnership, in place for over a year, and extends the capabilities of the Citco Institutional Services business line, which was launched in June
Backstop Solutions Group, a cloud-based productivity suite for institutional and alternative investors, has launched IntellX, the newest offering in the group’s suite of data products and services.
Using artificial intelligence and machine learning, Backstop IntellX ultimately aims to automate inbound data collection, classification, and management, enabling the operations teams inside large asset owners to boost productivity and spend more of their time on the activities that create the most value for their investment teams.
“For every email that comes through with an attachment, be it an investor letter, capital accounts statement, or what have you, our team was spending
Confluence Technologies, a specialist in investment data management automation for regulatory, financial and investor reporting, has acquired StatPro Group, a provider of cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.
Confluence has acquired the entire issued and to be issued ordinary share capital of StatPro in an all-cash offer of approximately GBP161.1 million (over USD207 million USD). The transaction brings together two highly complementary businesses to create a leading supplier of front, middle and back-office solutions to asset managers and administrators.
Mark Evans, Confluence Founder and CEO, says:
PGIM Investments has made senior-level hires across its marketing and technology functions, as well as expanding the roles of two senior executives.
PGIM Investments is the global manufacturer and fund distributor of PGIM Inc, the USD1.3 trillion global investment management business of Prudential Financial.
Coupled with attractive investment results, PGIM Investments has grown its mutual fund assets under management from USD28 billion to USD115 billion over the past ten years. To continue building its global capabilities, PGIM Investments has added experienced leadership in its marketing and technology functions.
With more than 25 years of investment management marketing experience,
