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Pacific Fund systems (PFS), a privately-owned technology company, is now offering a ‘one-stop-shop’ software solution for the automation of the complete range of back office fund administration services, focusing on an alternatives market which accounts for approximately USD7 trillion in assets invested globally.
PFS’ core product is the PFS-PAXUS system; an established market leading product that supports wholesale fund administration and the administration of all types of open and closed ended traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
PFS-PAXUS integrates all of the fund administration processes that are normally performed on multiple
Following a challenging start to the year, CTA Indices showed signs of improvement with over half of trend constituents in positive territory in February. The SG CTA Index was up by 0.42 per cent, whilst the SG Trend Index was up by 0.81 per cent.
Short term strategies struggled and underperformed other strategies, with the SG STTI down by -1.19 per cent for the month.
The SG Trend Indicator attributed February’s positive results to gains in currencies and a selection of commodity markets, as well as trends in interest rate markets. Long positions in bond markets reverted slightly, leading
The European Securities and Markets Authority (ESMA) first statistical report on European Union (EU) Alternative Investment Funds (AIF) finds that the sector in 2017, as measured by Net Asset Value (NAV), amounted to EUR4.9 trillion, or nearly one third of the total EU fund industry.
The report is based on data from 26,378 AIFs, or 80 per cent of the market, and will be published annually.
Funds of Funds accounted for 16 per cent of the industry, followed by Real Estate (RE) Funds (11 per cent), Hedge Funds (5 per cent) and Private Equity Funds (4 per cent). The
XTX Markets has appointed Serge Harry as Chairman of the Board, and Geoffrey Damien as Managing Director, Head of France.
XTX has recently appointed Serge Harry as Chairman of the Board of XTX Markets SAS, it’s newly formed French entity. Serge has over 30 years of experience in financial markets in various senior executive positions at the London Stock Exchange Group, New York Stock Exchange, Euronext and Euroclear. He also currently holds directorships, as a Non-Executive Director of LCH SA, MTS France and Curve Global.
XTX has also appointed Geoffrey Damien as Managing Director, Head of France. Geoffrey joins
Transaction Network Services (TNS), a provider of data communications and interoperability solutions, has expanded its managed hosting and market data services to provide clients with low-latency connectivity to key financial markets.
These enhanced capabilities are made possible through the expansion of TNS’ managed hosting services into the Aurora, Ill.-based Chicago Mercantile Exchange (CME) data centre, as well as the NASDAQ data centre in Carteret, NJ and the New York Stock Exchange (NYSE) data centre in Mahwah, N.J. Today’s announcement is in addition to TNS managed services offered at the 350 E Cermak Rd. (CH4) data centre in Chicago and NY4
Aspect Capital (Aspect), a USD6.9 billion systematic investment manager, has launched a new Cayman-domiciled fund that will provide investors with access to the Aspect Systematic Global Macro Programme.
The Programme utilises a systematic relative value approach to global fixed income, stock indices, volatility and currency markets. It aims to generate absolute returns by managing a diversified portfolio to deliver low correlations to traditional and alternative asset classes, allocating its risk to over 25 individual models spread across 13 macro-economic themes.
The Cayman fund has been seeded with USD100 million of external capital and will provide investors with an alternative
JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments.
With JTC having operated an Alternative Investment Fund Manager entity (AIFM) in Luxembourg since 2016, the new licence significantly strengthens its capabilities within the EU, enabling it to offer a holistic and comprehensive Alternative Investment Fund Managers Directive (AIFMD) compliant solution to private equity, real estate and other alternative managers.
The new licence also complements JTC’s non-EU solution, with the
Europe’s sub-advised fund assets declined 7.6 per cent in Q4 2018, and 4 per cent for all of 2018, but the structural growth drivers remain intact and have added EUR7.6 billion net assets from new market entrants, according to new date from instiHub.
The final quarter of 2018 saw assets of sub-advised funds sold in EMEA drop by EUR48 billion to EUR581 billion as capital markets across the globe repriced. This is the first time during 2018 that total assets of 1,700 funds for which 152 sponsors across 15 European markets delegate investment services to 550 third party managers dropped
Gresham Technologies plc, a software and services company that specialises in real-time data integrity and control solutions, has partnered with RegTek.Solutions, a specialist in global regulatory reporting solutions.
The Reconcile.Trade platform enables firms to meet the regulators’ requirement to ‘regularly reconcile front-office trading records against data samples provided to them by competent authorities’ (via ARMs or Trade Repositories). Now enhanced to use Clareti’s matching engine and rich exception management workflow, Reconcile.Trade on Clareti provides operations and compliance teams with transparency and proactive control over the accuracy of their reported data.
The first client, a global financial services provider, is
Tron Foundation and Tron (TRX) have been listed on the Malta-based digital asset exchange OKEx’s C2C trading market, where users can trade fiat to cryptocurrency.
The OKEx C2C trading platform aims to provide a convenient and decentralised platform for the public to get into digital asset trading. By offering a low-volatility market and zero transaction fee, the C2C platform allows users to place orders with self-selected exchange rate and payment methods to buy or sell digital assets from each other with fiat currencies. Currently there are five fiat currencies supported on the platform – British Pound (GBP), Chinese Renminbi (CNY),
