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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
4Alts has selected Sudrania Fund Services (Sudrania) to provide fund administration and related services to its multi-manager hedge fund platform with daily liquidity capability.
4Alts was recently created by former HFR and AON executives from Chicago; past HFR Asset Management president John Klimek and Aon pros Paul Sylvia and Rishi Awatramani. The 4ALTS Platform was established with the combined goals of providing a low-cost, all-inclusive solution for emerging managers and providing under-served investors access to small and niche alternative funds.
“4Alts has a very experienced management team and they are taking the right steps to implement new technology into the
iM Global Partner, an investment and development platform focused on acquiring strategic investments in best-in-class traditional and alternative investment firms in the US, Europe and Asia, has appointed Nimo Rijhwani as Western Sales Director of iM Global Partner US (iMGPUS).
He is joining the US team led by Jeffrey Seeley, Deputy CEO and Head of US Distribution of iM Global Partner.
Rijhwani joined iMGPUS as Western Sales Director on June 24th. He will cover California, Arizona, Nevada, Oregon, and Washington. With almost 20 years of experience in the asset management industry, Rijhwani has cultivated relationships with many financial advisor teams in
By Northern Trust – With Regulation Best Interest in the rearview mirror, the SEC is poised to finalise rules governing fund of fund arrangements.
Following the adoption of the long-delayed final Regulation Best Interest in June, what’s next for the US Securities and Exchange Commission (SEC)?
It’s likely that finalising the proposed rule on Fund of Funds Arrangements (the Proposal) is at the top of the list. Since the SEC released the Proposal late in 2018 and requested public comment, more than 100 comment letters have been posted and SEC officials have met with a variety of industry representatives.
