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MUFG Investor Services, a global asset servicing arm of Mitsubishi UFJ Financial Group (MUFG), is to acquire select divisions of the fund administration business of Maitland, a privately owned global advisory, administration and family office firm.
Maitland personnel will join MUFG Investor Services offices in the Cayman Islands, Halifax, and Dublin.
When completed, the acquisition will add approximately USD20 billion in assets under administration (AUA) to MUFG Investor Services, bringing the total AUA to over USD600 billion and expanding the firm’s market share in major markets. The assets consist of hedge funds and private equity funds.
Additionally, new
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.14 per cent in September, underperforming the 0.45 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
The Wilshire Liquid Alternative Equity Hedge Index returned 0.86 per cent and 0.57 per cent in September and the third quarter, respectively. The Index underperformed the
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2019 measured -0.24 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.16 per cent in October.
“SS&C GlobeOp’s Capital Movement Index was -1.16 per cent for October 2019, indicating net outflows consistent with normal seasonal patterns. On a comparative basis, the -1.16 per cent reflects lower net outflows than the -1.37 per cent reported for the same period last year and, in fact, is the lowest net outflow for the month of October over the past five years,” says
In the three months to 30 September 2019, FUM at Man Group decreased 1 per cent to USD112.7 billion driven by net outflows of USD1.1 billion (comprising sales of USD6.6 billion and redemptions of USD7.7 billion) and negative FX and other movements of USD1.3 billion, partially offset by positive investment movement of USD0.7 billion.
Absolute return FUM increased by USD0.4 billion in the quarter. Flows were broadly flat, with inflows into AHL Institutional Solutions and AHL Alpha offset by outflows from Man GLG’s equity and credit strategies. Positive investment movement of USD0.6 billion was driven by positive performance at Man
Blackpeak Group (Blackpeak) has opened a new office in London as part of its strategy to expand its business and services in Europe, the Middle East and Africa (EMEA).
Blackpeak has been conducting work across EMEA for many years. Now, having recently joined Acuris, Blackpeak has access to an additional 100 investigative researchers in Europe, the vast database resources of Acuris, and is part of a family of best-in-class risk management products. Via its new London office and across EMEA, Blackpeak will provide comprehensive global due diligence and investigative research coverage for clients as well as expand its service offerings
Asia-based blockchain venture firm, NexChange Group, has partnered with New York alternative investment firm, Horton Point, to launch a new marketplace for the institutional digital asset management industry.
The Nexyst platform will provide seamless access to a broad range of professionally managed actively-traded crypto strategies and passive investment solutions. Nexyst will debut its initial offering in October 2019.
Nexyst is created to provide better transparency and to improve investment decisions for institutional investors interested in the digital currency asset class.
The platform will enable qualified investors to perform online fund sourcing, due diligence and monitoring, and customise portfolios by a number of parameters
Merian Global Investors (MGI) is to acquire the multi-asset business from Kestrel Investment Partners.
As part of the deal, which is expected to complete in December 2019 (subject to regulatory and shareholder approval), the entire Kestrel multi-asset team will join MGI, including head of desk and lead fund manager John Ricciardi. He will report to MGI’s CEO, Mark Gregory. John is joint CEO of Kestrel, a business he co-founded with the partners of Kestrel Partners LLP in 2011. He has over three decades of multi-asset investing experience, including six years as global head of asset allocation for Alliance Bernstein.
Alternative asset manager Trium Capita which offers investors a diverse range of hedge funds and liquid alternative UCITS funds, has appointed Patrick Mang to the newly created role of chief operating officer.
Mang joins from HSBC, where he was head of innovation for global markets. In this role, he oversaw fintech partnerships, sponsored internal projects applying AI, Big Data, Cloud and Distributed Ledger Technology to the trading floor, and led HSBC’s venture capital investment in the New York based blockchain company Axoni.
Over the last 12 months, Trium has been expanding its innovative investment offering. In September, Trium brought
Cryptocurrency liquidity provider and electronic OTC trading specialist B2C2 has launched a product for trading gold directly against Bitcoin (XAU/BTC).
The launch marks the beginning of B2C2’s expansion beyond its core crypto focus and is underpinned by a significant rally in so-called deflationary assets over the past six months that saw gold appreciate 15 per cent and Bitcoin’s price roughly double.
The new product will allow institutional clients to trade gold synthetically with B2C2 OTC Ltd., which is authorised and regulated by the Financial Conduct Authority in the UK, via B2C2’s award-winning platform. Clients will also be able to
Exablaze, a provider of ultra-low latency network devices, has broken the previous best STAC-T0 benchmark results with its newly-announced ExaNIC FDK-XP (Firmware Development Kit Extension Pack).
Exablaze slashed latency to less than half the previous benchmarked best, recording actionable latencies of 31-44 nanoseconds, signalling a marked advance in tick-to-trade system performance.
The independent benchmark results underscore the superiority of the company’s devices in bringing the lowest-possible latency between market data arrival in trading platforms (ticks) and the moment a ‘trade’ message is sent, a crucial pursuit for firms engaging in low latency trading.
In the STAC benchmarks, Exablaze
