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Simmons & Simmons has advised Crake Asset Management on the launch of its new London management business and its global long-short equities hedge fund structure, one of the largest European launches of 2019.
Richard Walker, CEO of Crake, says: “We really appreciate the work that the Simmons team, both in London and Dublin, did in delivering this project to time. They provided a very high quality service and we enjoyed working with them.”
Partner Devarshi Saksena adds: “It was a pleasure working with Crake on this project which allowed us to showcase our integrated UK and Irish asset management
IHS Markit, a specialist in critical information, analytics and solutions, is now offering brokers and other asset managers a comprehensive solution for cost basis calculation and reporting in alliance with Scivantage.
When assets like stocks are sold, resulting in a gain or loss, brokers are required to report basis and holding period information to the selling shareholder and the IRS via Form 1099-B. The latest challenge for brokers stems from the new IRS Rev Rul 2019-24, which reinforces that cryptocurrency trading is subject to tax reporting. The maximum IRS penalty for improper cost basis reporting is USD3 million per occurrence.
“Our
Prescient Investment Management, a global investment manager with over USD6 billion in assets under management, has hired Gaurav Maleri as President, Global Sales, to be based in its London office.
Gaurav will be focusing on the promotion of Prescient China’s range of Irish UCITS funds, which use a systematic and quantitative approach to seek long term growth from Chinese markets across equities, fixed income and asset allocation strategies.
Gaurav has a 17-year career in asset management and private banking in both Europe and Asia. He joins Prescient from UTI International, where he was a Senior Vice President responsible for
Total hedge fund capital was narrowly changed for Q3 2019, falling from the prior quarter record with flows mixed across strategies as investors navigated heightened fixed income risk and volatility, as well as fluid political developments across the U.S., Europe, the UK and Asia.
Total hedge fund capital declined modestly to USD3.24 trillion, a slight reduction from the prior quarter record of USD3.245 trillion, a decline of USD5.5 billion, or approximately 0.17 basis points, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.
Capital inflows
Edge Technology Group, a privately-owned, fully-managed IT service provider for financial firms worldwide, has launched CloudSuite, a multi-cloud platform, purpose-built for the alternative investment community.
“CloudSuite is an agile and holistic platform that brings together the best components of the Private and Public Cloud. Having the ability to offer both Private and Public Cloud solutions, enables us to offer a combination of both in a Hybrid Cloud, supporting industry trends and data that a Multi Cloud approach is becoming widely adopted as the new industry standard,” says Tom Woollard, Managing Director, Head of Europe, at Edge Technology Group. “CloudSuite has
The Association of National Numbering Agencies (ANNA) is establishing a new Technology Taskforce (TF-22) on Digital Assets to help examine how ISINs may be able to help identify possible harmonisation of standards.
ANNA’s Technology Task Force (TF-22) will examine the identification of digital assets such as tokens and cryptocurrencies, blockchain technology and its’ associated evolution and application in the financial markets industry. This, with the objective to assess the role and scope of ISINs in respect to digital asset identification and provide recommendations on the potential benefits of creating guidelines for the assignment of ISINs to all kinds of digital
Systematica Investments (Systematica), a technology-driven manager focused on a quantitative and systematic investment approach, has made two senior investment hires, the latest step in the firm’s global expansion.
Egon Ruetsche joins as a Research Fellow based in Geneva, while Amine Benamer will become part of the Trading and Execution Team in London.
Ruetsche, who will work closely with Systematica’s Chief Investment Officer David Kitson, joins from Aquila Capital where he was one of three co-founders of the Systematic Trading Group. Prior to this, he co-founded the quantitative investment manager affiliate of Achievement Asset Management, a US discretionary multi-strategy hedge
Coleman Research, a global provider of primary research, has launched its Expert Relationship Management (ERM) platform, a SaaS offering that helps research providers and buy-side firms manage their interactions with industry experts.
The cloud-based service offers a full solution to manage a database of expert profiles and the workflows associated with managing expert relationships.
Coleman ERM gives subscribers the ability to consolidate all expert profiles in one database, whether they are sourced from internal resources or provided by third party research vendors, including other networks. This innovative launch comes in response to the growing market demand for a digitalised
Glue42, a company that delivers simplified desktop experiences to financial institutions globally, has partnered with RocketFin Consulting to extend its capabilities from classic interop into the world of business analytics, insight and process optimisation.
The partnership will enable financial institutions to reduce the complexity and costs associated with regulatory compliance – present and future.
Complying with transaction reporting requirements and the best execution framework introduced as part of MiFID II proved an expensive challenge for banks. The looming changes related to Consolidated Audit Trail (CAT) reporting will be similar. Behaviour mining offers a unique opportunity to capture, correlate and
Asset Control, a provider of financial data management solutions, has launched PaSSPort, a managed data service solution for financial services firms.
PaSSPort is based on Asset Control’s AC PaSS solution. PaSSPort is targeted at businesses that need managed services and are looking for a simpler, lower-cost data repository with one or more maintained interfaces to data vendors, an industry standard model, management of request lists to optimise data sourcing and distribution to downstream consuming applications.
“Our AC PaSS solution has been in great demand since we launched it last year,” says Mark Hepsworth, CEO, Asset Control. “Firms face an
