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CAIS, an alternative investments platform for the independent wealth channel, is to offer independent financial advisers institutional quality outsourced-CIO (OCIO) services through investment services provided by Mercer.
Mercer’s investment services offering includes access to one of the largest manager research platforms in the industry, model portfolio construction, manager selection, custom fund implementations and due diligence across the entire investable universe. Advisors will have the ability to choose what they need to supplement their in-house expertise, boost their arsenal of investment strategies, differentiate their portfolios and provide a superior client experience.
“Independent financial advisors oversee their clients’ economic futures, and
AMX has appointed Aaron Overy as Head of Client and Manager Development as part of the platform’s wider growth strategy.
Overy has over 20 years’ industry experience and joins from Northern Trust where he was Senior Vice President of Asset Management. He has a wealth of experience championing Tax Transparent Funds in the wider industry and a keen focus on driving enhanced governance, risk control and cost efficiencies.
At AMX, Overy will focus on further accelerating the growth of the exchange by leading teams tasked with expanding new manager and client relationships.
Overy’s appointment also coincides with two
The asset-weighted Mizuho-Eurekahedge Index – USD gained 0.33 per cent in September, outperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.11 per cent throughout the month.
Approximately 49 per cent of the fund managers tracked by Eurekahedge posted positive returns over the month. Hedge fund managers overseeing in excess of USD1 billion in assets gained 0.57 per cent over the month, while small hedge fund managers (up to USD100 million AUM) lost 0.25 per cent.
Eurekahedge says that Asian fund managers posted losses of 0.94 per cent in September, underperforming their peers from developed markets, as they failed
RiverNorth Capital Management (RiverNorth), an investment management firm specialising in opportunistic strategies, has launched the RiverNorth Opportunistic Municipal Income Fund, a new municipal bond-focussed closed-end fund.
RiverNorth will act as the investment adviser to the fund, and MacKay Shields will act as sub-adviser. The Fund was priced at USD20.00 per share, and trading on the New York Stock Exchange began on 26 October, 2018 under the symbol RMI.
The fund’s primary investment objective is current income exempt from regular US federal income taxes (but which may be includable in taxable income for purposes of the Federal alternative minimum tax).
Global law firm Ropes & Gray has named 24 attorneys as partners of the firm, while six attorneys have been named counsel, effective 1 November, in the largest round of partner and counsel promotions in the firm’s 153-year history.
The roster of new partners includes hedge fund, private equity and investment management specialists.
The new partners and counsel of the firm reflect Ropes & Gray’s diversity, global footprint, and dedication to developing and advancing its talent. They are based in nine offices on three continents, including Asia, Europe and North America, and nearly half of the new partners are women,
Centaur Fund Services and Circle Partners are the latest firms to join the North American Fund Administration Association (NAFAA), a representative group for the alternative investment fund administration industry.
“We are delighted to have Centaur and Circle as the latest members of the association,” says founding director, Chris Meader. “November will see the launch of the NAFAA working groups whose initial focus will be to discuss and define best practices and standards. We are thrilled to have these global firms collaborating with our existing members to promote the best interests of the alternative fund administration industry.”
Des Johnson (pictured),
CryptoCompare, a cryptocurrency market data provider, has launched a mobile application which gives traders and investors the ability to monitor live bitcoin and altcoin pricing data, track cryptocurrency investments through multiple portfolios and get the latest news in the crypto space while on the move.
Users of the mobile app can also stay informed with historical charts and technical analysis of all major exchanges and over 5,500 coins.
The mobile app provides the critical information necessary to make smarter investment decisions based on insights gained from CryptoCompare’s real-time, historical and blockchain data for each currency. The app’s coins list
HiddenLevers, a risk tech provider serving sophisticated RIAs, wants to see more detailed data from asset managers dealing in separately managed accounts.
“Almost a decade in business, and we’re still having major trouble finding daily and weekly returns data for most SMAs. The lack of transparency makes it so easy to be a bad actor,” says Raj Udeshi, HiddenLevers Founder. “We implore asset managers to level up and provide more granular SMA data, so HiddenLevers can do proper correlation analysis on your clandestine products.”
HiddenLeavers says that as the usage of separate accounts has grown amongst investment advisors, there
Geospatial Insight, a provider of independent research derived from the analysis of satellite, aerial and drone imagery, has announced that financial services industry and quant community veteran Steve Wilcockson has joined the company.
Responsible for GeoFinance Market Development, Wilcockson (pictured), will drive client-facing activities for all Geospatial Insight Finance Sector products and will lead product management for RetailWatch, a consumer sentiment analysis dataset.
Geospatial Insight’s solutions for the Investment sector provide syndicated independent research reports and time-series datasets for quantitative investors or proprietary research insights for private clients, family offices and hedge funds.
Wilcockson was formerly Global Industry
Deutsche Börse Group and RegTek.Solutions have partnered to deliver a certified testing and pre-validation service for clients of Deutsche Börse’s Regulatory Reporting Hub.
Available from the fourth quarter of this year, the new service addresses feedback from clients and regulators on ongoing challenges with the quality and transparency of transaction reporting under the Markets in Financial Instruments Regulation (MiFIR).
The new pre-validation platform will be available to over 2,300 executing entities, which are using Deutsche Börse’s ARM (Approved Reporting Mechanism) service. It will add enhanced testing and data quality remediation capabilities, as well as pre-submission validations, for all transactions
