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Visible Alpha has appointed Mark Hale to the newly created role of chief operating officer (COO). Hale joins Visible Alpha as buy-side demand accelerates for the company’s investment research technology and services.
The company’s end-to-end solution to discover, consume, track, budget, value and pay for investment research is used by more than 180 buy-side clients.
Hale (pictured), comes to Visible Alpha from FactSet where he was most recently executive vice president and COO. In this role, he led global teams focused on product management, technology and infrastructure, and IT. During his 22-year career at FactSet, Hale served in diverse
A new survey of 485 investors with assets approaching USD8 trillion from investment consultants bfinance finds that investors are adding new strategies, investing more in private markets and cutting overall costs.
bfinance writes that the average institutional investor has transitioned its investment portfolio to one that is more complex and diverse, and which features a greater proportion of illiquid investments, according to its new global Asset Owner Survey.
Some 485 investors with assets approaching USD8 trillion participated in the study and of those, 66 per cent have added a new asset class to the portfolio, led by private debt, infrastructure,
DMS Governance has gone live with Funds Recs’ cash and position reconciliation modules, which are part of the Velocity platform, and ensure all open positions and cash balances held are auto reconciled back to the custodian/broker.
Delivered as a fully hosted Software-as-a-Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.
Alan Meaney, CEO of Fund Recs, says: “We are delighted to be working with DMS, a company who shares our client centric approach. Using the velocity platform, the internal rec process at DMS has been automated which allows
TOBAM, a Paris-based research driven quantitative asset manager, is adopting a carbon footprint reduction policy across all its Anti-Benchmark equity strategies and Maximum Diversification indices.
A systematic carbon footprint reduction of at least 20 per cent versus the reference benchmark’s carbon footprint is now applied across TOBAM’s equity portfolios and mandates.
In line with its mission statement of “providing rational and professional solutions to long term investors in the context of efficient markets”, TOBAM has had a longstanding commitment to upholding Environmental, Social, and Governance issues.
This move will further cement the sustainability initiatives taken by TOBAM that
Digital asset management company HyperChain Capital has launched HyperBlocks Pro, a professional proof of stake service – the first in the world backed by a major blockchain firm.
HyperBlocks Pro’s automated staking facility service is initially launching for holders of tezzies (XTZ) tokens used on the Tezos networks. By delegating this responsibility to HyperBlocks Pro, token-holders can free themselves of the time, security and technical costs associated with performing the task manually. Additionally, users do not need to actually transfer their tokens to HyperBlocks Pro, tokens remain in their personal wallets while securing the network.
As an increasing number of
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
