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Demand Derivatives Corp, a creator of derivative instruments, is partnering with GMEX Group (GMEX), a provider of exchange and post-trade business technology solutions, to launch a US-regulated futures exchange, RealDemand Board of Trade (RealBOT), and clearing house, RealDemand Clearing (RealClear).
To further align interests and share in the success of the project, GMEX will take a minority equity stake in Demand Derivatives.
Slated to open in 2019, subject to CFTC and SEC approval, RealBOT and RealClear will create unique and complete solutions to problems currently affecting the futures industry. Specifically, the exchange’s products will seek to eliminate systemic risk,
Trium Capital, a London-based alternative investment specialist, has hired former Eclectica Asset Management portfolio manager, Thomas Roderick.
Roderick has joined Trium to manage an emerging markets-focussed discretionary macro portfolio.
Working alongside Eclectica founder Hugh Hendry for five years, Roderick managed a global macro portfolio at the group, with a particular focus on global FX, fixed income and equity markets. Prior to this, Roderick held a number of positions at Brevan Howard.
Shenan Dhanani, co-head of Trium Capital, says: “At Trium we have cultivated a truly collaborative environment for portfolio managers, allowing managers to manage strategies that have demonstrated
Broadridge Financial Solutions has appointed Tom Carey as President of its Global Technology and Operations (GTO) segment.
Previously President of Broadridge International, Carey reports directly to Tim Gokey, who will become CEO of Broadridge in January 2019. As President of GTO, Carey will oversee the growth of Broadridge’s core technology business globally across Capital Markets and Wealth and Investment Management. He will continue to serve on Broadridge’s Executive Committee.
“Tom is an incredibly capable, technology-focussed industry executive,” says Gokey. “Tom has driven the growth of our Global Capital Markets business and, more recently, our overall International portfolio. We see
Global hedge fund industry performance dipped negative in September, with overall industry returns at -0.17 per cent last month, according to the latest data from investment data and analytics firm eVestment.
This brings Q3 returns to just barely positive at +0.30 per cent and year to date (YTD) returns to +0.53 per cent. This is a far cry from the industry’s aggregate return of +8.92 per cent for 2017 and, in a generally strong investment market, may re-ignite concerns about the hedge fund industry. Some highlights from the latest data include:
Among primary strategies, Distressed funds were the big
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.23 per cent in October.
“SS&C GlobeOp’s Capital Movement Index for October 2018 of -1.23 per cent reflects net outflows that are consistent with normal seasonality. In fact, the -1.23 per cent reported for October 2018 is almost identical to the -1.21 per cent reported for the same period a year ago for October 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This result indicates stable investor allocations to hedge funds, despite volatile equity markets and increased interest rates.”
The SS&C GlobeOp Hedge Fund Performance
Lyxor Asset Management has teamed up with Dymon Asia to launch the Lyxor/Dymon Asia Macro Fund, a liquid discretionary global macro strategy with an Asian focus.
As Asia becomes increasingly important in the global economic landscape, it offers a wide range of opportunities due to the diversity of its economies, each expanding at a different pace and with different growth drivers. The Fund’s global macro strategy leverages on these asynchronous developments as a source of investment themes by exploring opportunities across the whole spectrum of asset classes (global FX, rates, equities) and seeking to provide diversified sources of return using a
By Amanda Daly, EzeCastle Integration – When confronted with unexpected business disruptions, alternative investment firms must react swiftly, methodically and successfully or else risk significant financial loss. This level of response requires extensive business continuity planning to ensure allspects of a firm’s business are evaluated and protected. In this blog, we will help you create a Business Continuity Plan and help you identify which threats pose a risk to your firm.
1. Regulatory review and landscape
The first step to creating an Business Continuity Plan is to perform a Regulatory Review as all businesses have requirements coming from oversight bodies. There are also
Asset manager Letterone Treasury has selected Enfusion’s Integráta investment management platform.
Letterone manages USD25 billion AUM, with over USD7 billion in a treasury portfolio primarily comprising fixed income, credit derivatives and private debt. Letterone transitioned from a large incumbent legacy system to Integráta in four months, whilst reducing their overall IT footprint and the total cost of ownership.
“Our previous system was supported by several other disparate processes run in isolation; with Integráta we have achieved a consolidated ‘single-truth’ across front, risk and back office functions. We have been impressed with Enfusion’s willingness to invest in their cloud infrastructure
Axioma has launched axiomaBlue, a cloud-based environment providing best-of-breed solutions and tools that enable investment managers to create, implement and scale unique investment strategies in a cost-efficient way.
“The business of investment management has changed,” says Sebastian Ceria (pictured), CEO and founder of Axioma. “Competition is increasing and margins are shrinking. Cost-efficient discovery, differentiation and implementation are essential to achieving superior performance. axiomaBlue is a customizable ‘no-compromises’ environment enabling investment managers to efficiently construct and scale firm-specific investment strategies to enhance competitive advantage.”
A combination of three main features differentiates axiomaBlue from existing investment-management offerings.
Firstly, axiomaBlue provides
Asset manager SwissOne Capital has added to its crypto staff with the appointment of fund manager Kenneth Hearn (pictured).
“We want to offer clients proven-practice methodologies applied to crypto. In that respect we’re thrilled to welcome Kenneth Hearn to our team,” says Antony Turner, CEO of SwissOne.
The investment management company says its roster of finance veterans and exotic asset analysts bridges the gap between traditional practice and crypto’s innovative emergence.
“I’m excited to usher in this new, sturdier approach to crypto,” says Hearn, who brings a wealth of experience having worked for prestigious institutions including Barclays and
