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Innovation in the funds industry tends to be an overused buzzword. This is understandable, given that innovation touches all aspects of our daily lives, from the way we measure our health and fitness to the way we travel and work. There is a natural tendency, therefore, for companies to say that they are constantly innovating as if, by not doing so, they risk being seen as obsolete.
Thirteen years ago, Opus Fund Services was borne out of the need to introduce true innovation in response to the over-reliance on inefficient, manual-driven processes that prevailed in incumbent fund administration groups. The
When SS&C Eze developed the Eze Eclipse platform, the technology group had one eye firmly focused on start-up and emerging hedge funds, many of which face significant cost challenges in today’s marketplace.
By building the platform from the ground up in the cloud, SS&C Eze is able to offer managers a single, front- to back-office solution that supports them in their daily workflow, wherever they are in the world, without having to outlay any infrastructure costs.
“We aim to solve that entire problem with one platform that has been designed from the ground up to integrate everything together so that there
Security concerns will always occupy the thoughts of any hedge fund COO, given the extent to which the cyber threat landscape has evolved in recent times. This can present a challenge when determining how much IT budget should be allocated to keep a hedge fund’s data safe and secure. However, advances in cloud technology mean that a more cost-efficient, robust solution now exists for COOs and CTOs to consider.
Given that cloud-enabled hosted solutions are becoming more popular, this is leading not only to cost savings in relation to ongoing software upgrades but also improved security controls as well. At SS&C
The ability to properly scale and build AUM for long-term success should be top of mind for any hedge fund manager. Luckily, thanks to incredible advances in technology over recent years – particularly in relation to cloud-based platforms – efficient scaling, without losing control, is eminently achievable.
Moreover, by partnering with institutional-quality technology providers, managers are able to improve their entire data management process through greater automation. In turn, this ensures that the front through the back-office works off of the same, consistent data sets; a key requirement as firms seek to use a wider range of data vendors.
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One of the key benefits of the platform-as-a-service model is that it gives smaller and emerging hedge funds the chance to utilise industrial-strength technology tools and applications that are commonly afforded to only the industry’s largest management groups.
Data processing power has helped to transform the financial industry, thanks to the rise of GPU-powered applications; GPUs are Graphics Processing Units, commonly used by video game developers. Today, not only hedge fund managers but all asset managers, are looking for ways to deploy next generation technologies to improve the way they absorb and process vast data sets. The aim being to improve data management, liquidity management, cost of execution, margin management. The list goes on.
Ultimately, technology advances have pushed fund management into a new data-rich realm.
And in some ways, this is unsurprising given that we experience a
Symphony Communications, a secure collaboration platform, has appointed Craig Butterworth as Head of Global Account Management.
Butterworth joins Symphony from Nomura, where he served as Managing Director and Global Head of Client Ecosystem – a business led front-to-back digital transformation program. With over 18 years’ experience in capital markets, he previously held Head of Sales roles at Royal Bank of Scotland (RBS), State Street and Royal Bank of Canada (RBC).
Passionate about mentoring, career guidance and talent development, Butterworth served as Chair of Nomura’s Global Markets EMEA Graduate Steering Committee, a role he also fulfilled during his time at
Dr Egbert Laege is to leave the European Energy Exchange AG (EEX) for personal reasons by the end of his current term of office on 31 December 2019.
As of 30 June 2019, Laege will step down and resign from his position as President of Powernext, based in Paris. He will oversee EEX Asia as CEO until the end of the year and afterwards seek new challenges outside EEX Group.
As of 1 July 2019, Dr. Tobias Paulun, Chief Strategy Officer of EEX, will additionally assume the function as president of Powernext.
Thomas Book, Chairman of the EEX Supervisory Board, says:
Hedge fund managers ended May 2019 down 1.09 per cent on an equal-weighted basis, and 1.37 per cent on an asset-weighted basis, outperforming the global equity market which slumped 6.12 per cent during the month.
The return of US-China trade tension weighed on hedge fund managers’ performance during the month, leaving barely a third of the hedge fund managers tracked by Eurekahedge in positive territory over the month.
Over the month of May, USD0.9 billion of investor outflows and USD18.3 billion of performance-driven losses were recorded by the global hedge fund industry.
Commodity pool The Kane Capital Investment Group and its President, Amrit Jaswant Singh Chahal have been ordered by a Viriginia federal court to pay USD1.2 million in a case stemming from a CFTC Complaint charging the defendants with commodity futures fraud, commodity pool fraud, registration violations, and illegally commingling funds.
The Order requires the defendants to pay USD1,232,510.41 in restitution and imposes permanent trading and registration bans as well as prohibiting Chahal from further violations of the Commodity Exchange Act (CEA) and CFTC Regulations. The Order provides that the restitution obligation is deemed satisfied by entry of a criminal forfeiture
