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Crystal Financial Institutions, a division of Alliant Insurance Services has launched a new cyber solution specially tailored to hedge funds that addresses numerous aspects of cyber risk management, including security management, insurance, crisis management and legal support.
Cyber Risk 360° provides powerful coverage for modern risks. It includes a cyber insurance policy that has an available coverage extension for fee income related to unplanned redemptions. As one of the industry’s first solutions to offer this unique extension, it allows fund managers to recoup lost management fee income attributed to a cyber breach event. Other features of Cyber Risk 360° include
Prescient Investment Management has launched the Prescient China Equity Fund, which has been established as an Irish regulated UCITS with daily liquidity and seeded with USD100 million.
The fund uses a systematic, quantitative approach to seek long term capital growth by investing primarily in China A shares listed on the Shanghai and Shenzhen Stock Exchanges by virtue of Prescient’s Qualified Foreign Institutional Investor (QFII) status granted by the China Securities Regulatory Commission.
“Prescient has a successful five-year track record of investing in China in a UCITS compliant format. This latest fund reflects investor demand for mainland Chinese equity exposure, which
Transaction Networks Services (TNS) is adding Eurex and Xetra to its financial community via a new agreement which will help Deutsche Boerse expand the reach of its key European markets.
TNS, which provides access to more than 300 market feeds from over 55 stock exchanges and electronic connectivity networks, has a 2,100 endpoint strong financial extranet. Its connectivity, managed hosting and co-location services are used by over 700 financial institutions globally who will now be able to quickly establish new connections with Eurex and Xetra.
Oliver Grohmann, Head of Market Readiness (for Trading, Clearing and Cash Market) at Deutsche
OANDA a specialist in online multi-asset trading services and currency data and analytics, has appointed Tim Howkins as Chairman of the firm’s Board of Directors.
Howkins has worked with entrepreneurial high-growth businesses for close to 35 years. He is best known for his 16-year career with IG Group, having initially joined the firm as CFO before assuming the role of CEO. During his nine-year tenure at the helm, Howkins steered the business through an unprecedented period of global transformation, driving significant growth in shareholder value and quadrupling earnings per share.
Howkins says, “I am delighted to be joining OANDA at
Exchange Data International (EDI), a London-based financial data provider of securities reference data, corporate actions data and listed closing price data has expanded its Worldwide Evaluated Bond Pricing Coverage to include 2.5 million global fixed income securities.
This expansion allows EDI to provide clients with a daily source of independent prices for valuations, portfolio analytics, best execution reporting, and risk management calculations. As with many EDI products, there are fewer restrictions on data redistribution and competitive pricing. Clients will not be required to expunge the data should they decide to cancel, breaking with traditional data providers who often place egregious
A string of high-profile ransomware attacks in recent years, led by the WannaCry attack in May 2017, has led to a growing awareness among the business community on the importance of proper patch management.
Just as your iPhone regularly alerts us to a new system upgrade, so computer networks must update their software to address vulnerabilities, which left unattended could lead to a serious cyber breach.
The importance of patch management was highlighted in a recent webinar featuring Scott Reardon, Director of Global Technical Services at Eze Castle Integration.
Beyond simply complying with expectations, patch management is an essential
SEI has integrated Advizr’s financial planning tool into its existing automated workflows and expanded the SEI BusinessWise Program, enabling advisors to more efficiently build and deliver actionable financial plans to their clients.
The addition of Advizr’s tool to the SEI BusinessWise Program, coupled with the advanced technology and integrated workflows of the SEI Wealth Platform, supports financial advisors in scaling their businesses SEI has expanded the SEI BusinessWise Program, enabling advisers to more efficiently build and deliver actionable financial plans to their clients.
According to SEI’s 2018 study, which surveyed 542 advisers, only 41 per cent view financial planning as
Investment research boutique Elston Consulting has launched the Elston Strategic Beta Dynamic Risk Parity Index, which provides a dynamically weighted multi-asset approach for achieving risk-based, rather than asset-based, diversification for UK investors.
The project has been developed in cooperation with Milliman Financial Risk Management.
The objective of the index is to provide a multi-asset strategy that is differentiated, dynamic and diversified.
Elston says the key difference to traditional multi-asset approaches is that the strategy is weighted by the equal contribution to overall risk by each asset class, rather than by asset weights alone. The weights are then dynamically adjusted as
Fund administrator Apex Group (Apex) has appointed Robert Aaron as the first member of the firm’s new Advisory Council.
The purpose of the Council is to form a select group of industry leaders, with significant track records in guiding market developments, to help drive Apex forward as a leading innovator in the fund services space. The first appointed member of the council has been announced today as industry veteran, Robert Aaron.
Aaron has over thirty five years of experience in the Alternatives Industry. His impressive resume includes both buy-side experience and the leadership of several large service providers in
Smith & Williamson Fund Administration (SWFAL) has successfully implemented the automated end-to-end straight through processing (STP) CREST settlement interface into its Babel messaging platform.
Smith & Williamson is the first Bravura client to go live with this module, which provides a new facility for integrated electronic settlement and account reconciliation for transactions received both via STP and manually.
The solution allows Smith & Williamson, as a fund administrator, to perform both the CREST Participant and Registrar roles within the CREST platform, allowing them to monitor efficiently and manage complete order lifecycles from initiation and pricing through to final settlement.
