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Acuity Trading, a global provider of AI data-driven trading tools, has announced today the launch of its sentiment-based Research Terminal, a news-data tool on the Metaquotes MT4 and new MT5 platform.
The Research Terminal augments the existing services previously offered on MT4 and has been the springboard for the launch of Acuity’s services on MT5. Users of the Research Terminal on MT4/5 will now be able to access financial news, calendar, sentiment data and Acuity’s unique AI-driven Market Alerts tool in a single Expert Advisor (EA).
“The Metaquotes platforms remain the industry’s favourite and adoption of MT5 is growing,” says
DFG Investment Advisers (DFG), an alternative credit asset manager with approximately USD5.7 billion in assets under management, has appointed John Hwang as a Director and Senior Credit Analyst on its Leveraged Credit Team.
In this role, Hwang is responsible for analysing below-investment grade credit with a focus on leveraged loans for the Vibrant collateralised loan obligation (CLO) platform. Previously, Hwang served as a Senior Vice President at Crescent Capital Group LP.
“John is a highly accomplished senior analyst with nearly two decades of experience in leveraged credit markets,” says Volkan Kurtas, DFG’s Founder and Chief Investment Officer. “His deep
Transaction Network Services (TNS) has upgraded and expanded its network capacity to include dark fibre connectivity in the strategically important New York Triangle, giving traders ultra-high-speed access to market data and TNS’ financial community of interest.
The new TNS dark fibre network can be expanded up to four terabits of capacity, effectively preparing traders’ networks for the future as their data requirements with TNS grow. It includes coverage of NYSE, CBOE and Nasdaq at each exchange’s colocation sites in Mahwah, NY5 and Carteret, and connects via a high-speed link to TNS’ exchange disaster recovery sites in Chicago.
Stefano Durdic,
Investors around the world have had a strong appetite for event driven, Asia and emerging markets hedge funds, moving almost USD14 billion year-to-date (YTD) into these funds while overall investor redemptions from the hedge fund industry continue, according to the just-released eVestment April 2019 Hedge Fund Asset Flows Report.
Event Driven funds pulled in USD2.84 billion in April, bringing YTD flows to USD5.19 billion. Asia- and Emerging Markets-focused funds saw more modest flows of USD1.24 billion and USD920 million in inflows, but YTD both are above USD4 billion in flows.
Overall investor redemptions were low – or essentially flat
The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21 per cent, up from 2.51 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.21 per cent for May 2019 was a strong result, coming in 26 basis points below the 3.47 per cent reported for the same period a year ago in May 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the current reading is the second lowest for any month of May since the indicator’s inception in 2008, showing that hedge fund asset retention continues to trend favourably.”
The SS&C GlobeOp
Abacus Group, a provider of IT services for alternative investment firms, has launched a new third-party patch management feature for its AbacusFLEXä IT-as-a-Service clients, as well as enhanced compliance reporting within the Abacus Client Portal.
Abacus continues to invest heavily in its premium service, technology solutions, cybersecurity and R&D to meet the unique and stringent compliance requirements for investment firms.
The new automated third-party patching option provides Abacus clients with an added layer of security to help mitigate vulnerabilities on their workstations. Keeping workstations up-to-date with the latest versions of sensitive applications is a critical component of endpoint security.
Bain Capital Credit has implemented Hazeltree Collateral Manager to streamline collateral management across ISDA counterparties.
A major driver for Bain Capital Credit’s evaluation and selection of Hazeltree Collateral Manager is the upcoming Uncleared Margin (UMR) and Standard Initial Margin Model (SIMM), which are coming sharply into focus for end-users on non-centrally cleared derivatives.
Hazeltree Collateral Manager enables Bain Capital Credit to: streamline, aggregate and centralise its OTC collateral management activities; compare and reconcile internal, independently-calculated OTC collateral call estimates against each counterparty’s calls; and, seamlessly respond to, issue, or dispute daily margin calls via all eligible cash and non-cash assets.
Northern Trust Hedge Fund Services (NTHFS) has been selected to provide full middle and back office fund administration services and regulatory reporting to Magnetar Capital, an Evanston, Illinois-based multi-strategy alternative asset manager with USD13.1 billion in assets under management.
“Given the volume and intricacy of our strategies, we needed a partner that could evolve alongside our operational demands and support a wide array of investor services,” says Ernie Rogers, Magnetar Capital COO and CFO. “We selected Northern Trust for its unique combination of technology, operational excellence and industry expertise.”
Magnetar seeks to deliver diversifying return streams by employing a wide-range
American Beacon Advisors (American Beacon), a provider of investment advisory services to institutional and retail markets, has launched the American Beacon SSI Alternative Income Fund.
Since its inception in 2012, the fund has primarily used a convertible arbitrage strategy to provide investors with a market-neutral, fixed-income alternative. The fund generates return through four unique sources: income from convertible bonds and convertible preferred stocks; the interest rebate on underlying equity short positions; opportunistically adjusting its equity hedges; and identifying undervalued securities. The fund seeks to have low volatility and almost no beta to equity markets. It also maintains low duration and may serve as
The Vienna Stock Exchange has begun calculating new Short Indices based on the Austrian Traded Index (ATX). The new indices with a leverage of -12 and -15 are based on the ATX Total Return which takes into account the dividend payments of its index members.
The Vienna Stock Exchange calculates more than 140 tradable indices, 103 of which track national, regional or sector developments in the CEE and CIS countries. These indices serve more than 140 financial institutions worldwide as the basis for their products.
Short indices are linked to a benchmark index and track its performance inversely. In
