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SS&C Technologies Holdings, is to acquire certain Algorithmics and related assets from IBM. Algorithmics provides leading risk analytic products and services for the financial services industry worldwide.
The addition of Algorithmics, which is expected to be completed in the fourth quarter, pending the completion of customary closing conditions, will extend SS&C’s risk analytics and regulatory offering.
The acquisition adds over 200 clients, 350 employees and offices in 25 countries. Client types include banks, broker dealers, asset managers, hedge and private equity funds and service providers. Algorithmics’ solutions deliver the risk analytics clients need to address the impact of business
Nasdaq’s Quandl, a provider of alternative and core financial data, has appointed Evan Reich as Head of Data Strategy and Sourcing. Reich was formerly Global Head of Data Strategy and Sourcing at BlueMountain Capital.
Reich joins Quandl with over a decade of experience within the industry and a deep domain knowledge of alternative data. In this new role, Reich will lead Quandl’s data strategy and sourcing team to find new alternative data sources that are relevant to Quandl’s customers. Previously, at BlueMountain Capital, a USD18 billion multi-strategy hedge fund, Reich sourced and managed the firm’s alternative data and market and
MSR Indices (MSR) has launched an institutional investment platform, which will provide investors with access to the returns of MSR Investable Indexes through established third-party asset managers.
The platform is meant to provide a liquid alternative to investing directly with a commodity trading advisors (CTA), hedge fund, or traditional long-only manager.
“We are thrilled to provide access to the returns of MSR Indices in an efficient manner,” says Michael Rulle, founder and CEO of MSR. “For a long time, the only way investors could access bespoke strategies like risk parity and risk control was through opaque, illiquid and high-fee
New hedge fund launches increased for the second consecutive quarter in Q2, with launches through mid-year 2019 on a pace that could see the industry top launches from calendar year 2018.
Launches totalled an estimated 153 in Q2 2019, bringing the H1 total to 289 new funds, according to the latest HFR Market Microstructure Report by HFR.
The H1 2019 launches put the industry on pace to top the 561 launches from last year, which represented the lowest annual total for new funds since 2000.
Fund liquidations declined but remained elevated on a calendar year basis, with liquidations
For the eighth year running, Hedgeweek has recognised the achievements of the leading hedge fund managers and their services providers – as well the sector as a whole – at the annual Hedgeweek USA Awards.
The winners were presented with their awards in a ceremony at the Intercontinental in New York City on 26 September 2019.
This year, Hedgeweek partnered with BarclayHedge, a division of Backstop Solutions, to pre-select managers based on their performance over the previous 12 months. The winners were then decided via a rigorous reader-choice online poll carried out over ten weeks. The winners in all
Marion Leslie is to join SIX Swiss Stock Exchange (SIX) as Head of the Financial Information business unit as of 1 January 2020.
Leslie (pictured) has many years of experience and a proven track record in the international financial information business. Robert Jeanbart, Business Unit Head Financial Information, has decided to take retirement and will be leaving SIX at the end of December 2019.
Jeanbart joined the Executive Board of SIX in May 2014, since which time he has been responsible for the Financial Information business unit. Robert Jeanbart successfully restructured the Financial Information business unit of SIX, focusing the
Societe Generale Securities Services (SGSS) has appoined Matthew Davey as Head of Coverage, Marketing and Solutions (CMS) UK, a newly created role.
Davey is based in London and reports to Christophe Baurand, Global Head of CMS and to Bertrand Blanchard, Head of SGSS UK. In this newly created role, effective from August, Davey’s responsibilities are to implement and drive the growth of the SGSS business in the UK.
Davey was previously Head of Business Solutions, a position he held since December 2016. He maintains these responsibilities for now, in addition to his new ones.
Baurand, Global Head of
LoCorr Funds is to acquire Steben & Company, an alternative asset manager that specialises in multi-manager alternative investment products.
LoCorr has also made a number of additions to its distribution team.
Steben & Company, headquartered in Gaithersburg, Maryland, is an alternative investment manager that launched its business in 1989. The company specialises in multi-manager products including fund of hedge funds and managed futures strategies. Steben’s investment philosophy is defined by high conviction, actively managed exposures with a focus on more liquid, lower beta strategies.
“This is a very exciting time for our business,” ssaysaid Kevin Kinzie, Chief Executive
UBS Hedge Fund Solutions (HFS) is repositioning the UBS Multi Strategy Alternatives fund, a UCITS fund investing via DB Platinum IV UBS Multi Strategy Alternatives.
The Fund commenced trading in September with USD490 million in AUM and six high conviction hedge fund strategies across equity hedged, trading and relative value strategies, with the intention to opportunistically add more managers over time. Each account in the Fund is managed by its allocated sub-investment manager, resulting in the fund directly owning the underlying securities and avoiding an additional layer of expenses. The Fund, managed to be UCITS-compliant overall, allows for a wider
Stableton Financial (Stableton), a European platform for Alternative Investments, and securitisation specialist GENTWO are entering into a strategic cooperation.
The goal of the cooperation between the two Swiss-based companies is to provide bankable and customised access to sophisticated alternative assets across liquid alternatives, private debt, private equity, and real estate. The particular focus is on underlyings which were previously not available to financial intermediaries and their clients due to the difficult access and non-bankable form. Current solutions include alternative equity, market-neutral strategies, managed futures, volatility and tail-hedge, alternative lending, value-added real estate, and selected startups for a broader audience.
