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Hedge fund managers ended August 2019 down 0.35 per cent on an equal-weighted basis, and 0.54 per cent on an asset-weighted basis, according to data released by Eurekhedge.
The risk-off sentiment persisted throughout the month, as the US labelled China a currency manipulator, intensifying the tension between the two economies.
CTA/managed futures hedge funds were up 1.89 per cent in August with managers citing long exposure to metals and fixed income, as well as short exposure to the energy sector as performance drivers. The mandate’s AUM has grown by USD18.6 billion year-to-date, in contrast to the USD45.5 billion decline recorded
Robeco has launched the Robeco QI Emerging Markets Sustainable Enhanced Index Equities with a strategy that aims for a 20 per cent higher score on Environmental, Social and Governance (ESG) criteria than the benchmark (MSCI Emerging Markets Index).
It also aims to reduce the environmental footprint for greenhouse gas emissions, water use, waste generation and energy consumption by 20 per cent compared to the benchmark, while maintaining the ability to provide alpha in emerging markets. The strategy uses an extensive values-based exclusion list and includes voting and engagement, which will be carried out by Robeco’s Active Ownership team.
The
Apex Group (Apex) has received Full Depositary authorisation from the Central Bank of Ireland for its subsidiary the European Depositary Bank (EDB) to operate in Ireland.
Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and asset managers for UCITS and alternative investment structures. Apex is subsequently now one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds, offering a service suite that covers the full spectrum of asset classes including private equity, real estate funds, hedge funds, infrastructure funds and renewable energy funds. The firm’s partnership approach allows for
SmartStream Technologies, the financial Transaction Lifecycle Management solutions provider, has launched SmartStream Air, a new approach for reconciliations that allows business users to reconcile complex sets of data in seconds.
The solution is immediately accessible and uses transformative artificial intelligence (AI) algorithms to auto-configure reconciliations of any data structure – unlike other solutions on the market today, which only understand certain domains, coupled with long implementation times.
SmartStream Air has been proven in a number of tier one banks, and has been tested with a number of customers, who are now implementing the solution.
Haytham Kaddoura, CEO, SmartStream,
Lyxor Asset Management Group (Lyxor) has launched a new alternative UCITS fund, the Lyxor/Bridgewater Core Global Macro Fund, which gives investors access to Bridgewater Associates’ strategies.
The fund, which started trading on 23 September with initial assets under management of over USD600 million, provides a wide pool of institutional investors across various geographies, including Europe, Asia and Latin America.
With more than USD160 billion in assets under management, Bridgewater is a specialist in institutional portfolio management. A natural expansion of the long-standing partnership between Lyxor and Bridgewater, the new fund, which is registered in Ireland, will be managed by
Broadridge Financial Solutions’ Global Asset Servicing Solution is now available on Amazon Web Services (AWS). A global tier-1 investment bank is in live operation with the solution and another global is in the process of onboarding.
Replacing multiple incumbent systems with a single solution can help these companies to achieve greater levels of efficiency through standardised processes and data globally, while reducing operational risks. They can also respond more effectively to regulatory reporting requirements and client service needs, by adding increased oversight and business control.
Broadridge’s full-end-to-end solution is designed to address key industry, business and operational challenges in
Scientific Beta is now providing an ESG option for all of its indices, enabling investors to benefit from the performance of its High Factor Intensity (HFI) Multi-Beta Multi-Strategy (MBMS) indices while upholding ESG norms and materially reducing exposure to companies with high exposure to ESG risks.
The ESG option excludes companies that fall severely short of global standards of responsible business conduct, deprive shareholders of voting rights or are involved in activities that conflict with global ESG norms or their objectives (anti-personnel landmines and cluster munitions, tobacco manufacturing, coal). It also includes additional negative filters targeting companies facing critical controversies
BNY Mellon has expanded the firm’s ESG Analytics offering by integrating fixed income scoring for corporate bonds.
BNY Mellon clients now have the ability to view environmental, social and governance (ESG) and United Nations Global Compact (GC) scores on equities and fixed income at the portfolio level versus relevant benchmarks over time. Clients also have the ability to view the ESG and GC scores at the company-level.
An extension of BNY Mellon’s Global Risk Solutions Exposure and Structural analysis product, ESG Analytics is an intuitive, multi-dimensional and comprehensive service that helps clients manage and monitor ESG and other important
The SS&C GlobeOp Forward Redemption Indicator for September 2019 measured 3.67 per cent, up from 3.41 per cent in August.
“SS&C GlobeOp’s Forward Redemption Indicator for September 2019 was 3.67 per cent, in line with historical averages. Though up slightly from the 3.35 per cent reported a year ago, these results continue a stable trend-line for hedge fund asset retention,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This stability indicates investors have maintained their allocations even in the face of large fluctuations in equity markets, significant changes to the yield curve, and unsettled trade issues.”
The SS&C
Murex’s MX.3 platform can now be connected with the Bloomberg Market Data Feed (B-PIPE) hosted on AWS in a matter of minutes. This latest development will provide Murex customers, who also use B-PIPE, with easy and quick access to Bloomberg’s reliable market data to configure, test and run MX.3.
For hundreds of financial institutions, the MX.3 platform sits at the heart of a large IT ecosystem where high-quality market data is key. As data providers embrace the cloud and offer managed services, an essential part of the Murex cloud journey is expanding out-of-the-box connectivity so that clients can fully benefit
