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The Bank of New York Mellon Corporation (BNY Mellon) and Bloomberg have formed a strategic alliance that further integrates BNY Mellon’s data, analytics, and servicing capabilities with AIM, Bloomberg’s portfolio management, trading and compliance solution.
The new connectivity streamlines data delivery between the two firms and enables clients to access BNY Mellon’s data and analytical workflow tools directly through Bloomberg AIM, delivering unique capabilities and insights to investors, technology leaders, and risk and operations professionals.
These integrated solutions, available today, will benefit clients across many core processes along the investment lifecycle. With automated connectivity and standardised data delivery between
GoldenTree Asset Management (GoldenTree) has implemented Hazeltree Collateral Manager to manage daily collateral calls.
Hazeltree Collateral Manager provides GoldenTree with a comprehensive view of derivative positions with counterparties, as well as analytics and collateral automation algorithms to manage collateral positions and address margin call discrepancies.
Hazeltree Collateral Manager enables GoldenTree to:
• Centrally manage counterparty agreements to minimize operational headaches;
• Compare and reconcile internal, independently calculated OTC collateral call estimates against each counterparty’s calculated calls to manage and reduce capital required to support derivative positions;
• Seamlessly respond to, issue, or dispute daily margin calls
Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, has partnered with Vela, an independent provider of trading and market access technology for global multi-asset electronic trading, to distribute its data and deliver complementary new data solutions.
The agreement involves the distribution of EDI’s high quality and comprehensive worldwide corporate actions, security reference data, and global end-of-day pricing.
Vela’s strong market data solutions, including real-time streaming data, combined with EDI’s extensive reference data enables clients to receive customised data sets based on specific geographical, instrument or event type requirements as well as access
Leanne Wallser has joined Walkers’ Jersey office as a Group Partner as part of the firm’s strategic growth in the Island.
Wallser is the fourth new partner in the Jersey team in the last 18 months, following the relocation of Fraser Hern from the firm’s Singapore office, the lateral hire of Nigel Sanders from another offshore firm, and Christopher Reed’s promotion to the partnership.
Overall, headcount across the Jersey office has increased by more than a third in the last year.
Wallser has worked offshore since 2003 with previous experience in Hong Kong and London as well as
Fairgreen Capital, a London-based manager of market-neutral equity strategies, has launched its investment operations on Eze Eclipse.
An ongoing bond market rally that pushed 30-year US Treasury and German bond yields to all-time lows helped to propel managed futures funds to a profitable August with CTA funds returning 2.23 per cent according to the Barclay CTA Index compiled by BarclayHedge.
Year-to-date, CTA funds are up 7.63 per cent through the end of August.
“As Treasury yields dropped, the yield curve inverted for the first time since 2007, equity markets stumbled and gold prices soared to multi-year highs,” says Sol Waksman (pictured), president of BarclayHedge. “Agricultural markets sold off and corn dropped 10 per cent based on USDA predictions
The number of Jersey Private Funds (JPF) had increased 25 per cent in six months. Figures from the Jersey Financial Services Commission (JFSC) showed that the number of JPFs, a structure introduced in 2017 to cater specifically for the needs of small groups of sophisticated investors, had reached 257 by 30 June 2019, up from 205 at the end of 2018, with assets under management of GBP43 billion.
Joe Moynihan, CEO of Jersey Finance, says: “As investors look for stable IFCs that offer specialist expertise, Jersey can be a voice of reason among the noise, ready to support investor ambitions.”
Nick Eatock is to return as Intelliflo’s Chief Executive Officer (CEO) following the departure of Hamish Purdey, who is leaving the firm to pursue new challenges.
Purdey joined Intelliflo in November 2014, at which time Eatock took on the role of Executive Chairman.
Eatock says: “Hamish has done a fantastic job over the last five years with Intelliflo, a period in which we have grown the business to 35% market share, with almost 23,000 users. I’d like to thank Hamish for his enormous contribution and wish him well in his future endeavours.”
Purdey says: “I have thoroughly enjoyed
The Eurekahedge Hedge Fund Index was up 0.17 per cent in August, bringing its year-to-date return to 6.58 per cent. Roughly 32.6 per cent of the hedge fund managers comprising the index have recorded double-digit gains over the first eight months of the year.
The global hedge fund industry AUM has declined by USD9.4 billion as of August 2019 year-to-date. Final Q2 2019 net outflows figure stood at USD40.0 billion, as investor redemptions continued to slow down. Hedge fund managers recorded USD46.4 billion and USD94.7 billion of net outflows in Q1 2019 and Q4 2018, respectively.
The Eurekahedge North
By Joe McGrath – While litigation funders have been celebrating growth and success in Western markets, they are also keen to seize opportunities further afield with Asian jurisdictions increasingly finding favour…
For investors keeping close watch of industry developments over the summer, it was impossible to escape the headlines resulting from the ongoing feud between litigation funder Burford Capital and shorting shop Muddy Waters.
A report, released by the latter, set tongues wagging after Muddy Waters said it had developed concerns about the accounting and governance approaches at Burford. The release of the report triggered several industry commentators to speculate about accuracy
