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Investment risk plays an important role in the life of a hedge fund manager, but technology risk should not. When it comes to your firm’s technology systems and operations, you want things to run efficiently, not add more stress to your already crowded plate.
Mitigating technology risk is a critical step to ensuring your hedge fund operates smoothly and successfully. Following are a few areas to keep in mind as you evaluate your firm’s technology risk:
Layers of redundancy
One way to reduce your firm’s technology risk is to add layers of redundancy throughout your infrastructure. Whether you’re utilizing a
By Amisha Shah, EzeCastle Integration – With ‘Cybersecurity month’ approaching next month, now is the perfect time for firms to reflect on what’s often classed as a key contributing factor to cyber breaches – its employees. We hate to admit it, but human error tends to be the weakest link of any defence practices firms have in place.
The IBM X-Force Threat Intelligence Index 2017 advises that simply having the right technology is not enough to ensure protection from threats we’ve seen grow in frequency and sophistication, of late. Reputable airline, British Airways, is one of many businesses to fall victim
Societe Generale Securities Services (SGSS GmbH) in Germany has been mandated by First Private Investment Management to provide, via CrossWise, front, middle and back office services, as well as analytics and reporting.
First Private Investment Management benefits from the plug-and-play, modular CrossWise solution combining front to back solutions, created for asset managers to optimise their operating model and meet all regulatory constraints across all asset classes.
In addition, SGSS provides First Private Investment with its extended analytics and reporting services including performance measurement and risk analysis based on SGSS VIEW, its web based reporting portal.
SGSS was chosen
Ikigai Asset Management, a long/short multi-strategy crypto-asset hedge fund launched by former Point72 Portfolio Manager, Travis Kling, has added three new executive hires to its team.
Christina Martin, of Plutos Capital Group, has joined as Partner. Daniel Heller of BitLumens and Oliver Zahn of Google have joined as Advisors.
“We’ve seen significant traction with sophisticated investors on what we’re building at Ikigai and have an imminent need to continue to build out our deep bench of experts,” says Ikigai Co-Founder and CIO, Kling. “We’re thrilled to add seasoned industry veterans with diverse backgrounds to the Ikigai team.”
Joining
Hedge fund and private equity fund manager EJF Capital (EJF) has appointed Asheel Shah as a Senior Managing Director and Head of Real Estate, effective 1 October 2018.
Shah will direct all commercial real estate investment activities including ground up development.
Shah brings with him over 20 years of experience in the real estate industry. Most recently, he was President and Chief Investment Officer of the Multifamily division at Kettler Inc, a diversified real estate development company. Shah oversaw acquisitions, asset management, development, construction and equity capital sourcing in the Multifamily division.
Neal Wilson, co-founder and Chief Operating
The Hedgeweek USA Awards 2018 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector.
The winners, who were presented with their awards in New York today (20 September), were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek team.
The industry’s achievements are reflected in the winners
big xyt, an independent provider of high-volume, smart data and analytics capabilities, has added a Double Volume Cap (DVC) dashboard to its Liquidity Cockpit, allowing clients to understand where volume migrates when the DVCs change.
The big xyt Liquidity Cockpit is widely recognised as an essential independent data analytics tool for exchanges, sell-side and increasingly buy-side market participants, provided via interactive dashboards and direct access to the underlying data and analysis. Data quality is a key component, as is a robust process for normalisation so that like-for-like comparisons and trends over time have relevance.
Further to recent market discussions
Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported revenue growth of 20 per cent year-on-year so far in 2018.
The company has seen a 23 per cent increase in the number of end-users on its flagship IT-as-a-Service product, AbacusFLEXä, and a 28 per cent increase in number of client firms on its cloud platform.
“We marked our first decade of service to the alternative investment community this year, and we are preparing for the next 10 years with a heavy investment in technology and cybersecurity, as well as intentionally-designed office
Global hedge fund asset flows were just slightly positive in August 2018, with USD4.74 billion added to the USD3.3 trillion-plus industry, according to eVestment’s latest Hedge Fund Industry’s Asset Flows Report.
Year to date (YTD) net flows to the industry stand at USD15.38 billion.
Asset flows in August were more widely dispersed across funds and strategies than in the past months. If the trend continues, that would ameliorate some concerns about industry consolidation eVestment data indicated in previous reports, which showed a minority of funds getting the majority of new money.
In spite of performance declines during the
IronX, a new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano blockchain, has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).
This licence allows IronX to operate as a fully regulated exchange for the trading of cryptocurrencies.
Estonia, a full EU member-state, adopts a ‘pro-innovation’ approach towards the advancement of DLTs and cryptocurrency regulation and has utilised blockchain technology in its own health, judicial, legislative, security and commercial code registries since early 2012.
The new licence allows IronX to operate as a: provider of a
