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More than half of institutional investors are still uncomfortable with quantitative investment strategies, according to a new survey by global investment firm Cambridge Associates.
The survey reveals that many investors are still sceptical of the benefits of quantitative strategies, despite lower-cost quant funds generating comparable returns to traditional ‘human-led’ active management strategies.
Half of investors surveyed find it difficult to make hiring and firing decisions on quantitative strategies, while a majority of investors have no plans to increase their exposure to quantitative strategies. The biggest reason given for avoiding quantitative strategies is a perceived lack of transparency.
Traditional
The gross return of the SS&C GlobeOp Hedge Fund Performance Index August 2018 measured 0.71 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile declined 0.02 per cent in September.
“SS&C GlobeOp’s Capital Movement Index for September was down slightly at -0.02, but was consistent with expectations, as September is typically a fairly neutral month for capital flows. In terms of the year-over-year comparison, the -0.02 for September 2018 was closely in line with the 0.07 reported for the same period a year ago in September 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Together
INTL FCStone’s Chicago-based subsidiary, INTL FCStone Markets has expanded its OTC interest rates swap dealing capabilities to include cap and floor options on the London Interbank Offered Rate (LIBOR) with tenors out to 10 years.
The launch of these new products expands and enhances the Company’s existing OTC FX & Interest Rates trading and advisory offerings, creating a comprehensive interest rate hedging solution for corporate hedgers, real estate investors, and agribusinesses.
OTC products, available through INTL FCStone Markets, are designed to deliver benefits similar to exchange-traded futures and options, but can offer customisable terms (eg non-standard quantities, strike prices, expiration
The Securities and Exchange Commission has taken its first-ever enforcement action for an investment company registration violation by a hedge fund manager investing in digital assets.
The SEC has issued a ‘cease and desist’ order against cryptocurrency investment firm Crypto Asset Management (CAM) for offering a fund that falsely marketed itself as the “first regulated crypto asset fund in the United States.”
CAM and Enneking agreed to the SEC’s cease-and-desist order and censure without admitting or denying the findings against them, and agreed to pay a penalty of USD200,000.
According to the SEC’s order, CAM, a California-based hedge
China’s Zhejiang Geely Holding Group and Sampo plc of Finland (Sampo) have now received all of the necessary regulatory approvals to acquire shares in Saxo Bank, a fintech provider of multi-asset trading and investing.
Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman and new members of the board have been appointed at an extraordinary general meeting that marked the successful closing of the transactions.
In October 2017, shareholders of the Saxo Bank Group (Saxo) announced an offer received from Geely Financials Denmark A/S, a subsidiary of Geely Holding
The Chartered Alternative Investment Analyst (CAIA) Association has added to its Board of Directors with the appointment of Anthony Cowell, Head of Asset Management for KPMG in the Cayman Islands.
“We could not be more pleased to be adding Tony to CAIA’s board,” says William J Kelly, CEO of CAIA. “My colleagues and I have come to know him through both his work with KPMG and in his role as a key leader in the Cayman Alternative Investment Summit. Tony is a tireless advocate for education and among the most knowledgeable people working in alternatives today.”
In addition to
Verady, a specialist in accounting and audit technology for cryptocurrency markets, has joined the Wall Street Blockchain Alliance (WSBA) as a corporate member.
WSBA is a non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology across global markets.
“We are truly excited to join with the WSBA, their leadership, and other members who are dedicated to advancing the state of Blockchain. Our partnership with the WSBA allows us to further our collaborative work on the advancement of audit, accounting, and asset verification required for the adoption of blockchain in the United States and
Liquidnet, the global institutional trading network, has appointed Cheryl Knopp as General Counsel.
Knopp previously served as Liquidnet’s Deputy General Counsel and Head of Liquidnet Capital Markets, and brings over 20 years of legal, financial services and technology experience to her role. Throughout her tenure at Liquidnet she has advised on corporate and securities matters, intellectual property and regulatory activity, and worked with the company’s Corporate Strategy team to identify new business opportunities.
“Cheryl has been a key contributor to Liquidnet’s success over the past 12 years and we’re looking forward to her future achievements as she steps into
Open architecture funds platform Allfunds Bank is to open a new Brazil headquarters in Sao Paolo, with the appointment of Jorge Sierra as the firm’s new Country Head.
Sierra will be responsible for heading up the Allfunds Sao Paolo office, reporting directly to Laura Gonzalez, Head of Iberia and Latin America. He was previously the Country Head in Brazil and also responsible for Global Accounts before being promoted to Head of Iberia and Latin America at the end of 2017.
Allfunds has been present in Brazil since 2016 and has extensive plans to continue to accelerate its growth in the
The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) have signed an arrangement to foster greater cooperation in FinTech.
The arrangement supports both authorities’ efforts to facilitate FinTech development and innovation in their respective markets. This arrangement is the CFTC’s second FinTech cooperation arrangement with a non-US authority, and its first with an authority in Asia.
The Cooperation Arrangement on Financial Technology Innovation (FinTech Arrangement) focuses on information sharing on FinTech market trends and developments. This includes sharing insights derived from each authority’s relevant FinTech sandbox, proofs of concept, and innovation competitions. The FinTech
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