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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
Thasos, an alternative data intelligence firm that transforms real-time locations from mobile phones into objective and actionable insights, has launched a real-time foot traffic product, QStreams wjhich has been developed specifically for quantitative hedge funds.
Thasos has partnered with Battle of the Quants to make QStreams available free of charge for a limited time via an exclusive beta program starting May 21, 2019.
“Mobile data has a well-justified reputation for being noisy and challenging to work with, but that’s precisely what makes QStreams so novel — the combined level of quality and coverage is unprecedented. By partnering with Battle of
The investment team of Agilis Investment Management, a specialist multi-strategy investment manager, is to join RWC Partners.
The move will see Agilis founder Clark Fenton, along with colleagues Charles Crowson and Praveen Kanakamedala, joining RWC to form the RWC Diversified Return team.
Prior to founding Agilis, Fenton served as co-CIO of Permal Group, one of Europe’s most successful diversified fund of hedge funds. He started his career working in capital markets, primarily at Morgan Stanley.
Crowson joined Agilis from the hedge fund Mason Capital Management. Kanakamedela, who manages operations, risk and compliance for the firm, joined Fenton and Crowson from
After a strong first quarter of the year, most alternative UCITS funds continued to edge higher in April with the LuxHedge Global Alternative UCITS Index posting a gain of 0.58 per cent bringing year-to-date results for the average fund up to +2.52 per cent.
Four out of five funds have posted positive results so far in 2019. Nearly every strategy index showed a positive performance, with funds in Macro and Merger Arbitrage leading the pack.
Within the Equity Hedge strategy group, Equity Long/Short funds had again a very good month with the LuxHedge Equity Long/Short UCITS Index up 0.78 per
FundRock Partners Limited has been selected by Carmignac, to act as the Authorised Corporate Director (ACD) for its six new UK domiciled sub-funds structured under the FP Carmignac ICVC OEIC umbrella.
In this capacity, FundRock will provide the legal and regulatory framework for the OEIC and undertake the regulatory oversight of the funds. Carmignac Gestion Luxembourg will act as the investment manager, sponsor and distributor of the OEIC.
Carmignac, Europe’s leading independent asset manager, is widening the availability of its strategies to UK investors with the launch of six locally domiciled sub-funds. The launch of these UK sub-funds, in
Alternatives 4 Children (A4C), a Dutch alternative investment industry charity that has raised more than a EUR1 million since inception, is launching a UK chapter.
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