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Leading offshore law firm Carey Olsen has appointed Jasmine Amaria as a Cayman Islands and British Virgin Islands (BVI) corporate partner in its London office.
Amaria, who joins from the London office of another offshore law firm, specialises in both Cayman Islands and BVI corporate law. She has significant experience in investment funds and corporate and finance matters, with a particular emphasis on fund formation and ongoing corporate transactions and financing activities, mergers and acquisitions, joint ventures, shareholder arrangements and group reorganisations and restructurings. Prior to moving offshore, Amaria spent nine years at Slaughter and May, where she trained and
Temenos (SIX: TEMN), a banking software company, has formed a strategic collaboration with Bloomberg to deliver contingency Net Asset Value (NAV) calculations to buy-side institutions.
The company will make its leading Temenos Multifonds Global Accounting product accessible via the Bloomberg Terminal, so it operates with data, analytics, and other investment workflow services Bloomberg offers. This innovative and unique offering allows asset managers to generate NAV estimates independent of and in parallel to their fund administrators, enabling accurate daily oversight, and ensuring continuity of operations in the event of outages. As part of this global collaboration – initially focused in the
Jose Castellano has joined iM Global Partner as deputy CEO and Head of International Business Development.
iM Global Partner is an investment and development asset management platform focused on acquiring strategic investments in traditional and alternative investment firms, its Partners, with an objective of growing together. iM Global Partner aims to cover a wide spectrum of high alpha strategies globally supporting its present and future top-of-the-range managers.
iM Global Partner, which opened a distribution platform in the United States mid-2018, is now accelerating its international business development’s resources for its Partners.
Castellano (pictured), will support the continuous build-up
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -1.59 per cent in December, outperforming the -1.93 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Fourth quarter observed a sharp reversal of sentiment following the market’s concerns of a less accommodative monetary policy and strained trade relations abroad,” says
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
