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An overwhelming majority (94 per cent) of UK-based financial services industry decision-makers believe that Artificial Intelligence (AI) has the most potential to revolutionise the sector over the next five years, considerably ahead of blockchain (53 per cent) and the Internet of Things (24 per cent).
Intertrust, a provider of administrative services to clients operating and investing in the international business environment, surveyed UK-based executives covering the asset management, capital markets and private wealth sectors to identify the value-add delivered by new technologies now and in the future.
Some 83 per cent of respondents believe that operations roles are the most
Eagle Alpha has launched a new partnership with Lowenstein Sandler to meet the legal and compliance challenges associated with the on-boarding and use of alternative data in the hedge fund space.
“Reputation is paramount to our clients. Keeping abreast of the legal and compliance considerations regarding alternative data is becoming increasingly important, but also challenging,” says Emmett Kilduff (pictured), Founder & CEO of Eagle Alpha. “Eagle Alpha is pleased to announce today that we have partnered with a leading legal investment management practice to respond to these legal and compliance challenges,”
Eagle Alpha’s Data Strategy solution includes Category Workshops, Case
Charles Cutshall has been named Chief Privacy Officer of the Commodity Futures Trading Commission (CFTC).
Cutshall is responsible for providing policy and programmatic oversight of the CFTC’s privacy compliance activities and for managing privacy risks associated with the collection, maintenance, and use of personally identifiable information.
“I am happy to welcome Charles to the CFTC. His expertise and skill set are great assets to CFTC and will complement and strengthen CFTC’s privacy program and enable us to address the challenges from an evolving privacy landscape and to continue to maintain the public’s trust,” says CFTC Executive Director Anthony Thompson.
Prior
Following the recent acquisition of a majority stake in the Australian financial services provider Shaw and Partners, EFG has appointed veteran private banker Angela Bow as the new Deputy Head of the Asia Pacific Region based in Hong Kong.
In her new role, Bow will work together with the existing management team to drive EFG’s growth ambitions for the Private Banking business in Asia Pacific with a focus on further enhancing the overall client experience in Investment Solutions and Wealth Solutions, and increasing EFG’s market penetration in dynamic key markets. She will report to Albert Chiu, Head of Asia Pacific
Liquidnet Europe Limited, has extended its use of the big xyt analytics Liquidity Cockpit platform to monitor execution quality of its products along with cross-checking market volumes.
big xyt is providing Liquidnet execution analysts with an interactive application to monitor market information via the Liquidity Cockpit dashboard. By using data science big xyt says its solutions capture, normalise, collate, and store trade data at a granularity that has not previously been available in the market.
Joe Fields (pictured), Execution Analyst, Global Execution & Quantitative Services at Liquidnet, says: “It is important that we are able to validate venue quality
Outsourced chief investment officer (OCIO) clients in the US are increasingly seeking alternative investments to diversify their portfolios and to obtain higher returns than those currently available from public investments.
That’s according to new research from Cerulli Associates which finds that OCIO providers expect allocations to alternative asset classes to grow for nearly all institutional client types while equity allocations are trimmed. When OCIO providers were asked about their anticipated changes to “other” private investment allocations (including real estate, infrastructure, and private debt), almost all respondents indicate that they expect allocations to increase for endowments, foundations, corporate defined benefit (DB)
An asset manager’s decision to change their operating model and outsource their middle office to a service provider should not be made in haste. From building internal consensus to carefully designing an evaluation process, selecting the best fit for an outsourcing partner is a significant investment.
Credit investment manager Marathon Asset Management (Marathon) has closed its first fund solely dedicated to aviation leasing, the Marathon Aviation Fund (MAF).
The new strategy, which was oversubscribed, will focus on leasing the most in-demand early- to mid-life aircraft, and providing investors with returns that have low correlation to other asset classes.
“Continuous rapid growth in global passenger air travel that is outpacing airlines’ order capabilities, along with the ageing of global fleets and airlines’ increasing preference for leasing new, fuel-efficient planes, is creating a compelling opportunity in the aircraft leasing sector,” says Andrew Springer, Partner and Head of Structured
The Citco Group of Companies, (Citco), a provider of asset servicing solutions to the global alternative investment industry, is partnering with S3 Partners, to integrate the data analytics firm’s BLACKLIGHT Treasury Management solution into its offering.
S3 Partners’ real-time, independent financing data prices opaque borrow and loan markets and redefines short interest, crowding and previously stale indicators for which the industry has had no centralised source. BLACKLIGHT leverages these analytics along with leading technology for better outcomes in investment process, risk management, and counterparty relationships.
The agreement between Citco and S3 allows Citco clients to get the benefit of BLACKLIGHT’s
Shinnecock Partners has launches an open-ended, standalone dedicated alternative art lending fund, ALF, building on its seven-year non-bank lending history and fine-art secured lending experience.
“Niche investment strategies offer the most compelling investment opportunities in today’s low yield environment,” says Alan Snyder (pictured), managing partner of Shinnecock Partners. “The art market is vibrant and growing, and boutique lenders like Shinnecock have a competitive edge. Speed of execution, flexibility to custom tailor a loan, constructive insights and independence from auction houses or tied-in banking relationships combine for custom adaptability in loan terms.”
Deloitte Touche Tohmatsu Ltd. reported last year that outstanding art secured
