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Founded in 2002, the Chartered Alternative Investment Analyst Association (CAIA) has gone from strength to strength in the alternative investment education arena.
William Kelly (pictured), CAIA CEO, joined in 2014 and declares that, while it’s been an interesting run, the value proposition of alternatives is alive and well.
Kelly came from the long only buy side sector but his belief in diversification and the need to make alternatives less opaque through education found him joining the CAIA organisation which now has a global footprint in 90 countries with almost 10,000 CAIA members.
CAIA defines alternatives as hedge funds;
Aspect Capital (Aspect), a USD7.3 billion systematic investment manager, has launched a UCITS fund to provide investors with access to the Aspect Systematic Global Macro Programme.
The Systematic Global Macro Programme utilises a systematic relative value approach to global fixed income, stock indices, currency and volatility investing. It aims to generate absolute returns by managing a diversified portfolio with low correlations to traditional and alternative asset classes, allocating its risk to over 20 individual models spread across 13 macro-economic themes. The UCITS fund has been structured to provide access to the complete Aspect Systematic Global Macro Programme.
Portfolio managers
CLS’s new post-trade monitoring and reporting tool, CLSTradeMonitor, is now live with its first asset management clients, including Mesirow Financial and Mountain Pacific Advisors, LLC.
CLSTradeMonitor improves operational efficiency, provides transparency, and reduces operational risk for third parties currently settling in CLS. The service delivers a real-time consolidated view of the match status details for all trades submitted to CLS. For asset managers, CLSTradeMonitor enables executed FX trades to be efficiently managed across all their custodian banks. Trade status details are available across all CLSSettlement providers and counterparties.
CLSTradeMonitor was built in combination with CLSNet, a bilateral payment netting
Franklin Templeton Investments has appointed Brendan Walsh as SVP/Portfolio Manager, Franklin Templeton Multi-Asset Solutions (FTMAS).
Effective 8 October 2018, Walsh will lead the development of the firm’s multi-asset capabilities in the UK, as well as being a key contributor to the asset allocation strategy for investment solutions managed by the multi-asset solutions team. He will be based at Franklin Templeton’s London offices and will report to Thomas Nelson (pictured), SVP/Director of Portfolio Management, FTMAS.
With over a decade of experience in multi-asset investing, Walsh brings significant expertise and has an established track-record of developing and managing multi-asset strategies. He
European DataWarehouse (ED) has selected Publicis.Sapient as its transformation partner to become the first securitisation repository under the new EU regulation for Simple, Transparent and Standardized (STS) securitisations, expected to take effect in 2019.
ED is the designated European repository for loan-level data stemming from Asset Backed Securities (ABS). It was established under European Central Bank’s loan-level initiative in 2012. Publicis.Sapient has been the implementation partner of ED since the very beginning. Today more than 500 issuers, investors, central banks and other data users utilise ED’s data infrastructure.
The European Securities and Markets Authority (ESMA) is changing
The Derivatives Service Bureau (DSB) has released its second and final consultation paper regarding user fees and contracts for 2019.
Industry feedback is being sought on open topics including potential changes to user support services, service level agreements, and resiliency, after some proposals in the first consultation were discarded due to industry feedback.
This second consultation opened on 28 June 2018, and will close at 5pm UTC on 27 July 2018, with a final consultation report to be published on 20 August 2018. A 90-minute webinar discussing the topics of this consultation will be held on Tuesday, 3 July
StatPro Group, an AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has acquired ODDO BHF’s regulatory risk services bureau, for an undisclosed sum in cash.
The acquisition adds a full, managed service for regulatory risk reporting capability, which will use StatPro’s existing Revolution platform, expanding the service delivery options for StatPro clients. It also adds ten new clients to StatPro’s client base in Germany and Luxembourg. The service will be marketed by StatPro throughout the EU.
StatPro expects annual revenue levels for the acquired service to remain broadly similar for
CUSIP Global Services (CGS) and Templum Markets are teaming up to bring industry standard CUSIP identifiers to the tokenised securities marketplace.
Templum Markets is a subsidiary of Templum Inc, a fintech and blockchain-focused holding company that operates at the intersection of innovative technologies and the modernisation of securities.
Under the agreement, CGS will issue unique CUSIP identifiers for all primary issuance and secondary transactions, known as Tokenised Asset Offerings (TAOs), conducted on the Templum Markets’ Platform. Built on the standard nine-digit CUSIP taxonomy that is ubiquitous in equity and fixed-income markets, the identifiers will be used to help standardise
Hector McNeil (pictured), co-Founder and co-CEO, HANetf presents his most recent commentary, arguing: The Case for Non-Transparent Active ETFs.
Growth in the ETF industry is sustained, long-term and global – at the time of writing, there have been 51 months of consecutive net inflows to the industry.
This expansion is being sustained by both internal innovation and external mega-trends. The previous HANetf paper ‘Win the Future’ described the external influences that are fuelling the unprecedented growth of the global ETF industry – automation, technology, focus on fees and regulatory initiatives – but the ETF industry is also seizing the
Stone Coast Fund Services, Basiz Fund Services and North Street Global are the latest firms to join the North American Fund Administration Association (NAFAA), a group for the alternative investment fund administration industry.
“The alternative fund administration industry is transforming and administrators recognize that NAFAA presents an opportunity to collaborate to address how these changes might affect their business strategies,” says founding director, Chris Meader (pictured). “We are thrilled that Stone Coast, North Street Global and Basiz have decided to join to help strengthen the efforts of the association to advance the alternative fund administration industry.”
Stone Coast Fund
