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Drawbridge Partners, a cybersecurity firm focussed on the financial services sector – and in particular hedge fund and private equity fund managers – has appointed Nathan Ford as a partner.
In this new role, Ford will be responsible for supporting the continued growth, team build out, and deepening client relationships across the West Coast & Midwest.
“Realising our vision of becoming the most trusted provider of cybersecurity solutions to the financial services vertical requires an investment in the highest calibre of talent available,” says Jason Elmer, Drawbridge Partners founder and managing partner. “We’re truly delighted to have been
AIMA and CAIA are proposing a new system to help reduce the complexity of current methods of risk ratings at investment dealer firms.
The Associations have published guidelines on these methods in response to new regulations and consistent feedback from AIMA member firms that retail risk ratings unfairly rate alternative products automatically as high risk.
The final amendments to regulation NI 81-102 will make alternative investment funds available to retail investors. This has the potential to expand the market for alternative investment products that were previously only available to accredited investors. Consequently, some early predictions anticipate the Canadian alternative
The end of the year remained challenging for L/S Equity, suffering in sympathy with plunging equity markets, according to the first Weekly Brief of 2019 from Lyxor’s Cross Asset Research team. L/S Credit strategies were also caught up by widening credit spreads.
In contrast, CTAs and Global Macro strategies outperformed, defensively positioned. Attractive in a bearish scenario, they are vulnerable to a market mean- reversion, if any.
Hedge fund performance was negative in Q4. Strategies with equity market exposure such as L/S Equity and Special Situations underperformed. Their elevated weighting in global hedge fund indices dragged the performance of
Hedge funds were down 0.82 per cent in December, outperforming the MSCI AC World Index (Local) which declined 7.61 per cent over the month. A vast majority of the hedge fund managers tracked by Eurekahedge outperformed the market index in December.
On an asset-weighted basis, hedge funds lost 0.02 per cent in December, bringing their year-to-date losses to 3.74 per cent, as captured by the Mizuho Eurekahedge Hedge Fund Index (USD).
North American fund managers lost 3.29 per cent in December, as the underlying equity markets recorded their worst month of 2018. The S&P 500 index declined 9.18 per
By Donald A Steinbrugge, CFA – CEO, Agecroft Partners – The hedge fund industry is dynamic, and participants are best served by anticipating, rather than reacting to, change. Informed by our contact with more than two thousand institutional investors and hundreds of hedge fund organisations, the following is Agecroft’s 10th annual list of top trends that we anticipate for the year ahead.
Hedge fund industry reaches maturity
The good news for the hedge fund industry is that we have seen very few wholesale departures by hedge fund investors. However, we do expect very slow growth for the industry as it
The Depository Trust & Clearing Corporation (DTCC) has received regulatory approval from the Swiss Financial Market Supervisory Authority to provide trade reporting services in Switzerland via DTCC’s Global Trade Repository service (GTR) in Europe.
DTCC’s GTR in Europe is the largest European Markets Infrastructure Regulation (EMIR)-registered trade repository in terms of reports collected from its clients, according to figures from the European Securities Markets Authority (ESMA). The service has more than 3,500 clients sending over 500 million messages per month, with 46 European regulators regularly accessing its data.
Now having also obtained recognition as a Foreign Trade Repository in
High volatility in global markets kept investors away in December, according to the latest Fund Flow Index (FFI) from global funds transaction network Calastone. Investor sentiment remained cautious following continued macroeconomic and political uncertainty.
The Fund Flow Index fell to 50.1, its lowest reading since October 2016, as net inflows to UK-domiciled funds dropped to just GBP39.8 million. This is marks a drop of 99.3 per cent compared with December 2017 and is only a little over one hundredth of the average inflow each month over the last two years. December’s poor reading meant that Q4 2018 was the weakest
Seyfarth Shaw has added partner Steven R Paradise to the Litigation department in New York. Paradise joins from Richards Kibbe & Orbe LLP, where he was a partner in the firm’s Litigation group in New York.
For more than 25 years, Paradise’s practice has focussed on representing clients in an extensive array of significant commercial and securities litigation. He has advised accounting firms and issuers in accounting-related litigation and enforcement matters and represented parties involved in Ponzi schemes and other financial frauds. In addition, Paradise has counselled businesses and individuals facing investigations and enforcement proceedings from the SEC, FINRA and
Fitch Ratings has launched a new integrated scoring system that shows how environmental, social and governance (ESG) factors impact individual credit rating decisions.
The new ESG Relevance Scores, which have been produced by Fitch’s analytical teams, transparently and consistently display both the relevance and materiality of ESG elements to the rating decision. They are sector-based and entity-specific.
Using a standardised and transparent scoring system, Fitch is introducing ESG Relevance Scores across all asset classes, starting with over 1,500 non-financial corporate ratings. This will be followed by banks, non-bank financial institutions, insurance, sovereigns, public finance, global infrastructure and structured finance.
SANNE, a leading global provider of alternative asset and corporate services, has opened a new office in Amsterdam.
The opening of this new office adds further European capability to SANNE’s already strong network of offices located in the leading international financial centres, including London, Dublin, Luxembourg, Madrid, Paris and the Channel Islands. The office also provides further opportunities post-Brexit for EU based services.
Sean Murray, Managing Director – Alternative Assets – EMEA, says: “We are delighted to announce the opening of our new office in Amsterdam in the Netherlands, which adds further value to our already well-established European footprint.
