Latest News
SS&C Eze has added its Locate feature – a fully-integrated tool that automates the locate process for short orders – to Eze Eclipse.
Locate ensures that Eze Eclipse users are able to see indicative rates across their connected counterparties, automating and informing their allocation decisions.
Eclipse is currently connected to the largest prime brokers and other providers of securities financing in the space and continues to expand that roster.
“The ability to quickly and efficiently execute short orders, while being fully compliant with increasingly stringent regulatory requirements, is core to the success of hedge fund operations,” says Eric
Investors may have added USD1.69 billion to hedge funds in February but they face a rough road in 2019 with net inflows still in the negative YTD, according to eVestment’s February 2019 Hedge Fund Asset Flows Report.
February is traditionally a bellwether month for hedge fund industry performance for the rest of the year, and February 2019 was the worst February for net flows in a decade.
However, while flows have generally been disappointing, individual products have performed quite well, with multi-strategy funds emerging as a preference for investors in 2019, with continued strong performance from January. eVestment has
Three periods of volatility in 2018, the last of which (in December) caused the biggest drop in US equities since the 1930s, were welcome news for convertible arbitrage fund managers. Simply put, the rise in volatility acts as a positive factor for convertibles as it increases the value of the convertible bond’s embedded option.
If, therefore, as some commentators believe, global equity markets become more frothy, the ability for convertibles to provide equity-like returns with less volatility could prove particularly helpful for investors in 2019. During equity market rallies, convertible bonds still give investors upside, but crucially, in a downturn,
MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has Implemented Anaplan for the use of carried interest modelling for its alternative investment clients with improved real-time planning and decision-making processes.
With the waterfall allocation methodology, MUFG Investor Services helps its clients move away from traditional, excel-based models to more modern processes that provide increased controls, accuracy and efficiency around inputting data, detailed calculation support for carried interest calculations, and the ability to create carried interest forecasting scenarios. The new tool enables MUFG to scale and centralise the process significantly, in addition to reducing the inconsistency
FINSIA, an Australasian financial services professional body, is to introduce an ethics test for Australian Bankers and securities market professionals. The test has been developed in partnership the Chartered Institute for Securities & Investment (CISI).
Chris Whitehead, FINSIA CEO, says: “FINSIA’s purpose is to raise standards of professionalism with the intention of rebuilding trust in the Australasian financial services sector. There is no better time to launch the ‘IntegrityMatters’ program with conduct and decision-making being placed under the microscope post Royal Commission.
‘IntegrityMatters’ is part of a suite of CISI products, including the ‘Integrity in the Workplace’ workshop, focusing on
Hedge funds extended their winning streak to a second month with a February return of 1.24 per cent, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
By comparison, the S&P 500 Total Return Index rose 3.21 per cent for the month. Year to date, hedge funds gained 4.98 per cent while the S&P was up 11.48 per cent.
“Markets quickly overcame the downdraft precipitated by a strong US wage growth report that stoked inflation fears and rising interest rate jitters early in the month,” says Sol Waksman (pictured), president of BarclayHedge. “Multiyear highs for corporate profits and consumer
The Exchange Council of the European Energy Exchange (EEX) has welcomed the news that EEX has been awarded Recognised Overseas Investment Exchange (ROIE) status for the United Kingdom by the Financial Conduct Authority (FCA).
Effective since 21 February 2019, the ROIE status ensures that the exchange will be able to continue to operate in the UK regardless of the consequences of the upcoming Brexit. Furthermore, the Exchange Council welcomed the confirmation that EEX’s clearing house, European Commodity Clearing (ECC) is benefiting from the Temporary Recognition Regime by the Bank of England (BoE) which enables ECC to continue to offer clearing
The SS&C GlobeOp Forward Redemption Indicator for March 2019 measured 3.49 per cent, up from 3.42 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator for March 2019 was 3.49 per cent, an uptick from the record low March redemptions of 2.91 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Still, the 3.49 per cent for March 2019 is favorable compared to historical averages and is in line with other data points showing hedge fund asset retention remaining stable in the wake of several months of market volatility.”
Broadridge Financial Solutions has integrated SWIFT global payments innovation (gpi) for its corporate clients and is now on-boarding users.
The solution, introduced to enhance the speed, transparency and end-to-end tracking of cross-border payments, is now available through Broadridge’s financial messaging application (FinMApp) to all SWIFT members.
Having successfully integrated SWIFT Standard Release 2018, Broadridge clients can access the market infrastructure’s gpi technology through FinMApp, which delivers transaction monitoring, management, translation and reporting features on international payments to over 100 multi-national organisations. The move comes well in advance of the 2020 deadline set out by SWIFT to transfer all cross-border
Fintech company Quoine is to integrate KRM22’s market surveillance product on its Liquid platform which provides trading, exchange and next generation financial services powered by blockchain technology.
Inspired by the disruption introduced by blockchain and digital currencies, Quoine focuses on making financial services accessible to all. It provides cryptocurrency software that offers superior security capabilities and liquidity, and makes buying and selling of digital assets easy using Bitcoin, Ethereum, QASH and multiple fiat currencies.
Liquid will use Irisium to identify and investigate manipulative behaviours and suspicious trading practices on its exchange, allowing for greater control and improving market integrity.
