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Canterbury Consulting, an investment advisory firm to endowments, foundations, family offices and high net-worth investors, has engaged New York-based EnTrustPermal to create a custom hedge fund-of-funds solution for its clients.
Canterbury’s engagement with EnTrustPermal will allow Canterbury to offer to its clients a custom hedge fund of funds solution without the inherent conflict of having its own product, a relatively new concept in the alternative investment and investment advisory space. This solution reflects Canterbury’s dedication to seek out innovative solutions that are well aligned for its clients. Notably, this comes at a time after significant change in the hedge fund
Following a challenging October and November, CTAs ended the year with positive performance, with the SG CTA Index up by 1.44 per cent and the SG Trend Index up 0.94 per cent in December.
However, the YTD figures were in negative territory and 2018 has been the most difficult year for the CTA Index and Trend Index on record. The SG Short-Term Traders Index reported positive performance as it was up +3.50 per cent in December and +1.96 per cent YTD.
The SG Trend Indicator showed that there were gains in equities and bonds, however, currencies contributed negative performance
Charles River Development, a State Street Company, and AcadiaSoft have announced a business alliance to automate communication of margin calls and collateral estimates between counterparties in the Charles River Investment Management Solution (Charles River IMS) for OTC and exchange-traded derivatives.
EMIR, Dodd-Frank, OSFO-BSIF, and other regulations based on the Basel/IOSCO policy framework have increased collateral and margin requirements for non-centrally cleared derivatives. This has also led to a significant increase in margin call volumes.
AcadiaSoft’s MarginSphere, part of the AcadiaSoft Hub, helps streamline and automate the margin process within Charles River IMS, connecting market participants and service providers to
Catena Technologies has expanded the capabilities of its TRACE Reporting solution through integration with CME Group’s North American and European trade repositories.
TRACE helps financial institutions fulfil global regulatory obligations for derivative trade reporting. This integration enables TRACE customers to report derivative trades to European, US, and Canadian regulators via CME Group, building on existing support for Australian regulatory reporting. Together with CME Group, Catena is able to provide a solution that automates G20 trade submission and performs post-submission reconciliation for customers with global trade reporting requirements.
“We see a major opportunity to help financial firms in North America
Operational Due Diligence (ODD) specialist firms HedgeAssist and Catalina Partners merged on 1 January 2019.
The combined firms’ professionals, Arne Rovell, Patricia Watters, and Michelle Kline, provide a breadth of operational knowledge, legal and audit expertise, and investigative skills gained over their 64 years of combined industry experience to investors in, and managers of, alternative investment funds.
According to Rovell, gaps in an investment manager’s operational processes and third-party oversight translates into operational risk.
“Our services help investors couple their investment risk analysis with our ODD process in order to better assess total risk,” says Rovell. “We also
RD Legal, an investment management firm focussed on post-settlement litigation finance, has appointed Amy B Hirsch to the additional role of Portfolio Manager for the firm’s strategies. Hirsch joined RD Legal in 2016 as Co-Chief Investment Officer and Chief Operating Officer.
RD Legal also announced that it is expanding its data analytics and engineering functions under Dr Joanne Chen, Chief Analytics Officer since joining the firm in 2016. Dr. Chen has designed a proprietary methodology for analysing litigation data.
The moves come as the litigation finance sector sees explosive growth. According to a recent report, litigation finance is now
BNY Mellon has appointed Jorge Sanchez to its Hedge Fund Services team with responsibility for overseeing the delivery of hedge fund operations to key clients.
Sanchez, who will report to Nicholas Gialanella, Global Head of Hedge Fund Services Operations, joins BNY Mellon from Analytical Research Capital Management in New York, where he oversaw all operations, compliance and finance policies and procedures for the firm.
Prior to this, Sanchez was Chief Financial Officer and Chief Compliance Officer of the USD4 bn hedge fund WCG Management in White Plains, NY, where he led all elements of its accounting and compliance teams.
Nordea Asset Management (NAM) has hired Sébastien Galy to the role of senior macro strategist.
Based in Luxembourg, Galy will deliver macroeconomic and financial analysis across the vast array of assets covered by NAM. The position entails analysis of both strategic and tactical asset allocation, as well as commentary on macro themes and investment ideas. Galy will deliver timely market perspectives, along with NAM’s quarterly outlook.
Galy previously worked on the sovereign buy side and sell side at Deutsche Bank and UBS for more than a decade – with a focus on macroeconomics, currencies, balance sheets and quantitative work.
Franklin Templeton Investments has appointed George Szemere as its new Head of Alternative Sales, EMEA.
Based in London, Szemere joins Franklin Templeton with immediate effect from Columbia Threadneedle, where he was most recently Head of Liquid Alternatives and Global Strategic Relations EMEA Distribution.
Reporting to Vivek Kudva, Managing Director for EMEA and India, Szemere will be responsible for growing Franklin Templeton’s alternative business in the EMEA region. He will also partner closely with the various alternative investment groups, product and distribution teams to generate new product ideas and solutions to meet the needs of the firm’s institutional and retail clients
The global hedge fund industry ended a volatile 2018 in the red, with aggregate performance for December at -2.15 per cent and for the year at -4.86 per cent, according to the latest eVestment hedge fund performance data.
December’s negative performance marked the industry’s fifth consecutive month of negative performance in 2018.
The industry’s aggregate negative performance for 2018 was nearly on par with the industry’s second worst year on record, 2011, when returns came in at -4.99 per cent. The hedge fund industry’s worst annual performance on record came in at -15.75 per cent back in 2008.
