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Broadridge Financial Solutions has launched Broadridge Securities Lending Board Insights, a firm-specific fund-by-fund comparative securities lending assessment solution for mutual fund companies and the boards that oversee their funds.
This client-specific report lets companies monitor the relative cost, fee ‘splits’, and income obtained from their securities lending arrangements. It will also help all interested parties receive appropriate rewards for the risks they undergo in their lending programs and helps to reduce risk related to mal-distributed securities lending income. The solution is currently being used by a number of clients including a tier-one global investment manager.
“Faced with mounting pressure
CAMRADATA, a provider of data and analysis for institutional investors, has appointed financial journalist and editor Bob Currie as Research Editor for CAMRADATA and Funds Europe, the business strategy magazine for Europe’s asset management professionals acquired by CAMRADATA in 2017.
Currie will be responsible for writing research reports for both Funds Europe and CAMRADATA, as well as contributing to CAMRADATA’s quarterly financial reports and other publications, providing economic overview and analysis of investment data. He will contribute to news features online for Funds Europe too.
Currie also has a client-facing role, promoting CAMRADATA and Funds Europe research to senior
Following on from an improvement in February, all Societe Generale CTA indices posted positive performance in March, bringing the CTA Index and Trend Index back on track for 2019 year to date.
In fact, it has been the best month for CTAs since the beginning of last year, in terms of returns. The uptick has been driven by trend-followers, as the Trend Index reported its best performance since January 2018 and all ten of the index constituents were positive.
The short-term CTA strategies were also positive on average in March, however, the individual performance was mixed as only six
The European Energy Exchange (EEX) will expand its product range on the derivatives market on 3 June with new power futures, freight futures and options as well as further maturities in emissions options.
Clearing and settlement of the new products and maturities will be carried out by European Commodity Clearing (ECC).
The listing of the new power futures extends the pan-European offering of EEX to the emerging power markets in Central and South Eastern Europe, thereby extending its range to 20 market areas throughout Europe. The product offering will include cash-settled power futures for Slovenia covering base and peak load
SageTrader, a San Francisco and New York based broker dealer, is to deploy the cloud version of Eventus Systems’ Validus platform for its equities trade surveillance.
Validus combines both machine-learning (ML) and procedural technologies to detect potential manipulative behaviour and insider trading.
Eventus CEO Travis Schwab says: “We’re very proud to work with SageTrader to meet the firm’s equity trade surveillance needs. This is a great example of how our machine-learning capabilities provide a real value-added service to a client.”
Dan Weingarten, SageTrader CEO, says: “Since our implementation of the system in the fourth quarter of 2018, we
PineBridge Investments (PineBridge) a global asset manager focused on active, high conviction investing, has launched the PineBridge China A-Shares Quantitative Fund.
The Fund seeks to give global investors access to the domestic equity market in China through a quantitatively managed, active equity strategy that invests in equity and equity-related securities connected to the economic development and growth of China. As one of the only UCITS products in the market to adopt a quantitative approach to Chinese equities, the Fund aims to deliver alpha through the combination of local knowledge and a systematic investment process.
The Fund is managed by
genesis, an international capital markets software firm, has been working with LCH, a global clearing house, to design, build and implement three new solutions to automate workflows, which will in turn support business growth.
In order to support increased volumes at its ForexClear service, LCH was looking for a streamlined solution to automate the FX ‘option expiry’ process. Following a competitive tender process, LCH selected genesis due to their domain knowledge and micro-services technology framework, enabling fast and agile software development.
Collaborating closely with LCH, genesis helped develop the exercise and expiry service for ForexClear with the first iteration developed
The Association of National Numbering Agencies (ANNA) and the Global Legal Entity Identifier Foundation (GLEIF) have set 4 April 2019 as the ‘go-live’ date for a new initiative to start linking International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs) for the global financial industry.
The initiative has been created to help improve transparency of exposure by linking the legal issuing entity (Issuer) to their issuance of securities, and to also address some of the regulatory requirements under the Prospective Directive, the CSDR and SFTR.
Over the past nine months, ANNA and GLEIF have worked together on technical developments
Hedge funds established in 2018 undertook concerted efforts to launch their enterprises on a stable foundation, including raising minimum investment levels significantly over prior years, according to The Seward & Kissel 2018 New Hedge Fund Study, an annual analysis of new hedge funds performed by the leading law firm to the hedge fund industry.
In 2018, higher asset levels were sought in order to manage increasing costs and better attract institutional capital. From 2017 to 2018, the minimum investment accepted by new hedge funds shot up dramatically. The full study is available here.
In further evidence of the industry’s emphasis on
SANNE, a provider of alternative asset and corporate administration services, has appointed James Bermingham, a funds’ lawyer with more than 20 years’ appoints, as a new Group General Counsel in Luxembourg.
In his new role, Bermingham will be responsible for setting SANNE’s legal strategy to ensure an effective, efficient and adaptable operating platform that is best in class and provides unrivalled support to clients. He will also play an important role in helping guide the commercial strategy of the business, supporting its clients and representing their interests in industry, regulatory and governmental forums.
Prior to joining SANNE, Bermingham was
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