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Technology is becoming an important factor when hedge fund managers present their investment strategy to prospective investors. The more agile and sophisticated the technology infrastructure, the more appealing the manager will likely appear. And whereas in times past it would have been too much of a capital expenditure to spend big on IT and keep pace with larger hedge fund shops, technology firms like Eze Software are helping to level the playing field.
“The key for us is to make sure we apply technology to the real problems our clients have or anticipate they will have,” says Bill Neuman (pictured),
The flexible deployment of technology using cloud-delivered solutions and hosted services is, in many ways, levelling the playing field with asset management. Historically, using the best systems in large, sophisticated IT architectures to support complex trading strategies was the preserve of the biggest managers.
But in many ways, the rapid evolution of cloud technology has revolutionised what is now possible, with smaller managers equally able to avail of industrial-strength technology without having to worry about how to pay for it all. Advances in cloud delivery access and security are giving asset managers, regardless of size, the opportunity to leverage the
Technology innovation continues to develop at an astonishing pace. And for those hedge fund managers in active fund raising mode, the ability to demonstrate superior reporting, data management, and performance attribution skills with the latest technologies is becoming a serious point of differentiation.
As a recent SEI article1 suggested, not a day goes by where the impact of platforms like Amazon, Facebook, etc, isn’t felt by those in the asset management industry. The fact is, investor habits are rapidly changing and the way they choose to invest is beginning to mirror the way they use technology to support all other
Olga Chernova, is founder and CIO of Sancus Capital, a long short credit manager and one of the leading female figures in the credit space. Raised in the former Soviet Union, she moved to the United States when she was 16 and had a distinguished career at Goldman Sachs and JP Morgan trading credit derivatives before founding Sancus in 2009.
Chernova says: “We are a credit fund focused on arbitraging inefficiencies in the credit markets using derivatives and structured products.”
The fund has USD150 million under management from insurance companies, a fund of funds and family offices. It has annualised
New Switzerland-based index provider LIMEYARD has launched its Crypto Asset Index, together with Decentriq, a FinTech enabling financial institution, to benefit from distributed ledger technology based in the Swiss crypto valley.
LIMEYARD writes that the LIMEYARD Crypto Asset Index (LYCAI) has been designed to represent the cryptocurrency market while addressing regulatory and compliance related concerns.
The Index has been licensed to be used as benchmark for the Blockchain Technologies Note (DE000A19VT92), listed on the Frankfurt Stock Exchange. It is available for licensing by other financial products.
Stefan Deml, Founder and CTO of Decentriq, says: “We’re delighted to join forces with
Specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Sid Chhabra to the newly created role of Head of Structured Credit and CLOs.
Based in London, Chhabra will report to Mark Dowding and Stephen Thariyan, Co-Heads of Developed Markets, and will lead the initiative to establish and manage a new range of BlueBay global structured credit and ABS strategies.
This new capability will be utilised in existing multi asset credit portfolios, as well as in new, innovative stand-alone traditional and alternative strategies. Launches are expected to commence towards the end of the year and in 2019.
Erich
JPMorgan Chase Bank is to pay a USD65 million to settle CFTC charges that it attempted to manipulate of the ISDAFIX benchmark.
A CFTC Order found that over a five-year period, beginning in at least January 2007 and continuing until January 2012 (the Relevant Period), JPMC made false reports and attempted to manipulate the US Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a leading global benchmark referenced in a range of interest rate products, to benefit its derivatives positions, including positions involving cash-settled options on interest rate swaps.
James McDonald, CFTC Director of Enforcement, says: “This matter
Saxo Bank, a fintech specialist focused on multi-asset trading and investing, has added China A-shares to its global multi-asset offering.
Saxo Bank clients are able to trade A-shares listed on the Shanghai and Shenzhen stock exchanges. Access will be enabled via the Hong Kong Stock Connect link, a collaboration between the Hong Kong, Shanghai and Shenzhen Stock Exchanges, which allows international and Mainland Chinese investors to trade securities in each other’s markets. The offering will be available in all Saxo Bank’s markets, apart from the UK and Japan, which will see a roll out at a later stage.
Chinese
CoInvestor, a platform that digitises alternative asset transactions for advisers, fund managers, and private investors, has integrated its technology with financial advice back-office software supplier Intelliflo’s ‘Intelligent Office’ (iO), to deliver an upgraded service to customers.
CoInvestor is now available to iO users via Intelliflo’s app store and for the first time allows financial advisers using Intelligent Office to allocate and manage their clients tax-efficient investments within their existing back office. The CoInvestor integration will help to deliver and receive updates directly from fund managers, such as dividends, valuation updates and exits.
Since its inception in 2004, Intelliflo has
Hedge fund investors turned cautious in April 2018, according to the Barclay Fund Flow Indicator, even as the equities markets rebounded and volatility began to calm down. Industry assets levelled off at an all-time high of USD3.0 trillion.
Data drawn from more than 5,000 hedge funds in the BarclayHedge database estimated that the hedge fund industry (excluding CTAs) redeemed USD1.9 billion (0.1 per cent of assets) in April, the first net outflow of 2018 and a turnabout from inflows of USD6.1 billion (0.2 per cent of assets) in March. Industry assets climbed 3.3 per cent year-to-date and surged 22.5 per
