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NeoXam, a provider of data management and transaction software solutions dedicated to the financial industry, has made a strategic new hire in the DACH region.
NeoXam has hired Philipp Sfeir to head up its DACH business, helping to support ongoing projects, servicing customers, as well as securing new clients and developing the business. Philipp Sfeir was Head of Data Management for Zürcher Kantonalbank, one of the top four banks in Switzerland, and has been presiding over the Swiss Information Providers User Group (SIPUG) for the last three years.
The DACH region is home to some of Europe’s key financial players.
Cryptocurrency hedge fund fund Protos is now available for trading to verified non-US investors and accredited US investors on the Openfinance Alternative Trading System (ATS), a US regulated platform for the secondary market trading of digital alternative assets.
The Protos fund (PRTS) allows investors to participate in an evergreen fund by deploying capital across a broad range of digital tokens, cryptocurrency and other cryptocurrency investments.
“By offering the first tokenised hedge fund to our investors, our platform is providing even more variety and opportunities for diversification,” says Juan Hernandez, founder & CEO of Openfinance. “We’re excited to be working with
Axioma, a global provider of enterprise risk management, portfolio construction and regulatory reporting solutions, has launched Linked Models, a new feature of the Risk Model Machine solution.
Linked Models offer investment professionals a streamlined and clear view of risk across regions or sectors, creating consistency in the risk/return profile as viewed from the front and middle offices.
“Linked Models enable managers to create a custom risk model that captures exposures from all regions or sectors, without any inconsistencies or skewed reporting,” says Alessandro Michelini, Axioma’s Head of Front Office Solutions. “With Risk Model Machine, customers can already build custom risk models,
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has released a white paper informing financial institutions of the regulatory pressures imposed on intraday liquidity requirements.
This has now moved beyond reporting positions to actively managing and controlling intraday liquidity, all in an effort to reduce costs and increase profitability.
The white paper – ‘Intraday Liquidity Management: From a costs discussion to a revenue opportunity’ – explores the benefits that can be realised by financial institutions when they transform intraday discussions from an operational burden into adding true business value. It also analyses how institutions can leverage next-generation
Hong Kong-based virtual asset exchange Coinsuper has selected Irsium, a market surveillance product from KRM22, a technology and software investment company, with a particular focus on risk management in capital markets.
Coinsuper will use Irisium to monitor market activity as it continues to drive efficiency and transparency across the exchange.
Karen Chen, Co-Founder and CEO at Coinsuper, says: “We are committed to building an accessible, secure and compliant platform for professional investors. As the cryptocurrency space matures, it is essential that we hold ourselves to the highest standards of market integrity. Selecting and implementing a market surveillance solution which not
Hedge funds posted strong, broad-based gains in June, with multiple and varied drivers of performance leading advances across a wide range of strategies. The HFRI Fund Weighted Composite Index gained +2.6 per cent for the month, the strongest month since January, increasing the Index Value to 14,408, a record level.
The June gain recovers the decline from the prior month and brings 2019 performance to +7.6 per cent.
The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, returned +1.9 per cent for June. Liquid Alternatives also advanced in June, as the HFRI-I Liquid Alternative
After dipping into the red in May, the global hedge fund industry returned to positive territory in June with an aggregate industry performance of +2.42 per cent, according to the latest eVestment hedge fund performance data covering the month of June.
This brings year-to-date (YTD) average gains to +7.16 per cent, building on the positive performance the industry experienced from January to April of this year.
All major strategies and primary markets were positive in June. Among primary strategies, Event Driven – Activist funds had the strongest performance in June, returning an average of +3.97 per cent. These funds’
The classic ‘2 and 20’ fee model is no longer the standard structure charged by the hedge fund industry, according to the results of a new survey undertaken by AIMA and FSM. The survey reveals that as fund managers and investors focus on customisation and deeper partnerships to align interests, attention is no longer solely on fees.
The survey shows a new average management fee of 1.3 per cent of assets under management (AUM) and 1.4 per cent for new funds launched in the past 12 months. Discussions with managers and investors during the research reveal a shared belief that
Atalaya Capital Management has appointed investment industry veteran Matthew Rothfleisch as a Partner. With his deep experience in middle market distressed investing and more liquid strategies, Rothfleisch complements Atalaya’s existing private investment capabilities and position the firm to capitalise on public market opportunities and future market dislocations.
Rothfleisch previously worked with Atalaya CEO Ivan Zinn and other members of the Atalaya team atHighbridge Capital Management’s Special Opportunities business in 2002 and has been a long-standing friend and a co-investor with Atalaya and its Partners. While at Highbridge/Zwirn, Rothfleisch was a Managing Director and Portfolio Manager for its Domestic Credit Arbitrage Strategy. From 2005-2014 he
Northern Trust has been appointed by Anchorage Capital Group, a New York-based investment adviser, as its strategic partner for hedge fund administration.
“Northern Trust’s strong commitment to client service, collaboration and efficiency, combined with their leading-edge technology, make them the ideal partner for our administration needs,” says Natalie Birrell, Partner and Chief Operating Officer of Anchorage Capital Group.
“In challenging markets, fund managers need flexible and scalable operational solutions from a strategic partner that will provide an exceptional level of service to their investors,” says Jeff Boyd, Chief Executive Officer, North America, of Northern Trust Hedge Fund Services. “Our global
