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Accusource, a provider of middle- and back-office operational services, has teamed with Canoe Intelligence, in a bid to bring ‘efficiency, speed and increased accuracy’ to the investment management industry.
Institutional investors and family offices manage complex portfolios that often include scores of alternative investments such as hedge funds, private equity and venture capital. As a result, these firms are inundated with thousands of email, web-based and PDF documents containing hundreds of thousands or millions of transaction, valuation and performance data points. Manually converting these critical, data-rich documents to productive digital formats costs investment firms as much as $4 million annually.
The US CLO market is holding up well with new issuance expected to reach USD135 billion in 2019. This has prompted TowerBrook Capital Partners to set up a new platform, CAVU, with LibreMax Capital. And with PineBridge Investments suggesting there is significant relative value in CLOs, it would seem to be a good time to get the CAVU platform off the ground.
The supply dynamics for collateralized loan obligation (CLO) funds – the biggest buyers of leveraged loans – are set to remain favourable for 2019 in the US, with banks forecasting that approximately USD135 billion of CLO new issuance could
Independent asset manager Unigestion has enhanced its Environmental, Social and Governance (ESG) capabilities by implementing an ESG Risk Ratings solution from Sustainalytics.
The solution will help Unigestion to further refine its existing in-house ESG indicators at a security level and expand its robust analysis of the ESG footprint of sectors and countries across the different asset classes managed by the firm. It will help Unigestion not only to avoid future ESG-related risks, but also to better exploit new opportunities offered by sustainable investing.
With a long track record of integrating ESG criteria in both its investment approach and its
Global broker Mariana UFP has selected TORA ’s cloud-based order and execution management system (OEMS) for pairs trading in London, New York and Melbourne.
Pairs trading involves simultaneous buying and selling of multiple securities when the relative prices hit certain thresholds. Trading these security pairs in large sizes requires access to a range of sophisticated algorithms to fit the required trading strategy and a sophisticated OEMS to manage many orders concurrently.
Mariana UFP is a market leader in securities trading and was looking for a technology partner that offers advanced pairs trading tools to help them achieve best execution for
Blockchain technology company Currency.com has launched a new feature on its tokenised securities trading platform, which for the first time will enable users to trade and invest in tokenised government bonds using fiat money, bitcoin (BTC) or ethereum (ETH).
Currency.com has issued a tokenised version of Belarusian government bonds and plans to include additional tokenised government and corporate bonds over time. Thanks to this new feature, Currency.com users will be able to invest their cryptocurrency holdings in an entirely new, differentiated asset class that presents the opportunity to hedge and diversify their portfolios through fixed-income instruments with potentially lower risk
McKay Brothers and Quincy Data say they have connected the largest US equity exchanges at the lowest latency. The new services link equity exchanges in Mahwah, Carteret and Secaucus the New Jersey Equity Triangle.
McKay’s network is currently offering two-way market data and private bandwidth services between Mahwah and Carteret as well as Mahwah and Secaucus. The company will have one-way service from Carteret to Secaucus within days and expects two-way service in the third quarter.
“It has been nearly impossible for firms to obtain the timeliest market data between the largest US stock exchanges,” saus McKay and Quincy co-founder
After the success of its initial Gaining the Edge-Hedge Fund Educational Webinars, Agecroft Partners has announced that it is to run the series monthly.
“When we first launched the webinar series, we were very excited about the technology and enhanced user experience, which is significantly better than a podcast or conference call, but were unsure how many people would participate. After our first two episodes we have had over a thousand registrations from 24 countries, including many of the largest pension funds, endowments and foundations in the world. As a result we have decided to make it a monthly series”
The hedge fund industry continues to see asset redemptions despite performance that’s outpacing 2018’s challenging results, as reported by eVestment in April. Now at least one set of investors and consultants – those in continental Europe – appear to be giving hedge funds another look in a big way, according to the latest eVestment Advantage Viewership Report.
Hedge fund universes made up half of the top viewed universes among eVestment users from Europe ex-UK in April. Hedge funds also made up eight of the top 10 rising universes. Various macro, managed futures, fund of funds and multi-strategy universes were in
Financial advisors and investors are set to benefit from new Category Definitions for Alternative Funds implemented by the Canadian Investment Funds Standards Committee (CIFSC).
They replace the single blanket ‘Alternative Strategies’ category, which applied to all alternative funds irrespective of investment mandate or strategy.
The Alternative Investment Management Association in Canada (AIMA Canada) worked with the CIFSC to develop categories that recognise the diversity of alternative investment products in the market and allow meaningful comparison of performance between investment fund strategies. AIMA Canada was made a non-voting member of CIFSC in 2018.
The categories, which reflect the alternative investment strategies
Affiliated Managers Group (AMG) is to acquire an equity interest in Garda Capital Partners. After the closing of the transaction, the senior partners of Garda will continue to hold a majority of the equity of the business and direct the firm’s day-to-day operations.
With approximately USD4 billion in assets under management as of 30 April, 2019, Garda is an alternative investment manager specialising in fixed income relative value strategies and is headquartered in Minneapolis. Garda serves a diversified set of sophisticated institutional clients around the world, and throughout the firm’s 15-year history of continuous senior leadership, its flagship investment strategy
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