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Hedge funds posted mixed performance for September as US bonds yields increased, with strategy gains led by fixed income- based Relative Value Arbitrage, while Macro Currency led sub-strategy performance as the US Dollar gained against the Japanese Yen.
The HFRI Fund Weighted Composite Index fell 0.2 per cent in September, with declines in Equity Hedge exposures offsetting positive contributions from credit and interest rate- sensitive Relative Value Arbitrage strategies, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Larger hedge funds topped the performance of smaller funds for
Following an improvement in August, CTAs reported slightly negative performance in September, according to figures released by Societe Generale Prime Services.
The SG CTA Index was down 0.63 per cent, and the SG Trend Index was down 0.97 per cent. The short-term and quant macro strategies fared slightly better as the SG STTI Index was down marginally by 0.24 per cent.
Trend-followers’ performance was mixed as attribution data from the SG Trend Indicator shows there were gains in commodities, but losses in bonds and equities. Commodities contributed +1.27 per cent to the portfolio, particularly upward trends in crude oil
Opus Fund Services has launched Opus JET, a new net asset value (NAV) generating system which leverages smart automation to process all accounting entries for the preparation of NAV.
Using proprietary technologies previously implemented across its Shared Service teams to retrieve data from multiple external sources, JET normalise the information into tens of thousands of accounting entries per month.
JET also facilitates the review of accounting entries, allocations, and fee calculations on an exception’s basis, directly within an enterprise business platform. This allows Opus to standardise hands-free processing, in turn reducing risk and saving time.
Opus says that
Align’s Cybersecurity Advisory Practice, Align Cybersecurity, has been voted as the Best North American Cyber-Security Services Provider in the 2018 Hedgeweek USA Awards.
For over 30 years, Align, a provider of infrastructure technology solutions, has mastered technology advancements and digital transformation to provide best-in-class solutions for Managed IT Services across cloud services, colocation, cybersecurity, end-user IT support and scalable resourcing. The company’s elite team of subject matter experts have continued to raise the bar for cybersecurity risk management, providing an unparalleled suite of regulatory compliant, flexible solutions encompassing technology, governance and education.
“Align is extremely humbled by this acknowledgment from
State Street Corporation has completed its acquisition of Charles River Systems, (Charles River Development), a deal that enables a global interoperable platform connecting the front, middle and back office with one provider.
This platform, supported by deep enterprise data management capabilities, will accelerate investment workflows, provide advanced data aggregation, analytics and compliance tools, and connect and exchange data with other industry platforms and providers.
“The combination of State Street and Charles River Development will create an open platform that will standardise data and systems across multiple asset classes and the entire investment lifecycle. We are delighted to welcome
US Bank Global Fund Services has hired Peter Mastriano as executive director and global head of product management for private equity, real estate and alternative investment funds.
In this role, Mastriano will develop the firm’s private equity, real estate and alternative investment product offering and work with our clients to provide expertise and support for their products. He will be located in the Hackensack, New Jersey office.
Mastriano is an experienced senior executive who brings nearly 30 years of experience at organisations such as Citco Fund Services, Bank of New York, Bisys Fund Management and Morgan Stanley. Most recently,
Intercontinental Exchange has acquired the remaining equity of MERSCORP Holding, owner of Mortgage Electronic Registrations Systems, (MERS). ICE has owned a majority equity interest in MERS since 2016.
The price and terms of the transaction have not been disclosed and will not be material to ICE’s earnings or have an impact on capital return plans.
MERSCORP owns and operates the MERS System, a national electronic registry that tracks the changes in servicing rights and beneficial ownership interests in US-based mortgage loans. Earlier this month, ICE successfully moved the MERS System infrastructure to the ICE Mahwah data centre, an integral
Variant Investments has launched the Variant Alternative Income Fund, a ’40 Act closed-end interval fund with a strategy designed to provide an alternative to public market exposure by focusing on niche assets with strong cash flows and low market correlations.
As listed in the prospectus, the fund will invest in assets such as music royalties, litigation finance, and government receivables.
Variant Investments was formed in 2017 by three Directors of Research from CTC | myCFO, a firm serving ultra high net worth individuals and single-family offices. The team has decades of experience investing in niche markets and is eager to
Derivative asset management firm Harvest Volatility has appointed Peter Montgomery as an executive director. Based in San Francisco, Montgomery is responsible for strengthening Harvest’s West Coast marketing and sales efforts.
Rick Selvala, Harvest’s Chief Executive Officer, says: “We are thrilled to welcome Peter to the team, as we look to strengthen relationships on the West Coast and expand the solutions we provide clients.”
Prior to joining Harvest Volatility Management, Mr. Montgomery was a Senior Vice President in the Client Solutions group at iCapital Network, where he focused on the independent wealth advisory community in the Western United States. He
MaplesFS, an independent provider of specialised fiduciary, fund administration, entity formation and management, insurance management and trust and private client services, has announced that it has received a corporate service provider license from the Bermuda Monetary Authority.
The expansion of MaplesFS’ service offering in Bermuda will include the incorporation of companies, formation of limited partnerships, registered office services, corporate administration services and the provision of directors.
Bermuda continues to enjoy a strong reputation as a leading offshore jurisdiction due to its well established infrastructure and stable legal and judiciary system. The extension of the firm’s capabilities to include corporate
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