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BNP Paribas Securities Services, a global custodian with USD11.5 trillion in assets under custody, has bolstered its London-based sales team with four senior appointments.
Valeria Anderson is appointed Senior Sales Director, Asset Managers. Anderson, who has 20 years in the asset management and asset servicing industries, joins BNP Paribas from Bank of America Merrill Lynch where she was Director of Custody and Agency Services focused on building solutions for alternative and traditional asset managers. Prior to this, Anderson held various senior sales and relationship roles at the Bank of New York Mellon in Paris and London
Omar Arti is appointed
Mary Jane Phillips (pictured) has joined Oyster Consulting as an Associate Director, expanding Oyster’s Strategic Management and Operations and Technology practices.
The move increases the firm’s ability to help broker-dealers and investment advisors optimise operations, automate processes, explore clearing and custody options, and execute conversions efficiently and effectively.
Phillips has 30 years of experience in financial services, focused on providing continuous improvements to operations and branch networks, helping firms exceed client needs and enhance revenue generating capabilities. Phillips’ expertise includes the assessment and management of organisation structures and workflow to enhance operational efficiencies, including technology enhancements, outsourcing, customer service programs, reporting and
Investor appetite for hedge funds remains strong, according to Credit Suisse’s mid-year survey of hedge fund investor sentiment, entitled ‘Back In The Saddle’, which polled over 275 institutional investors globally, representing USD1.04 trillion in hedge fund investments.
Hedge Funds witnessed the largest positive swing in net demand among the different asset classes surveyed, and are on par as the top investment strategy of allocators going into the second half of the year.
Investors also continue to show increasing preference for employing alternative investment vehicles in addition to commingled accounts. Most favoured structures include Separately Managed Accounts/Funds of One, Co-Investments,
Alter Domus, a provider of third-party middle office, fund and corporate services to alternative investment managers and lenders globally, has appointed Spencer Wells to lead its UK office in London.
Wells (pictured), will be responsible for driving the performance and growth of the UK business together with expanding new and existing client relationships in the region.
In addition to Spencer’s appointment the UK Management team has been further strengthened by the recruitment of Matthew Molton as Head of Operations UK. Molton has more than 13 years of experience in the financial sector. Prior to joining Alter Domus, Matthew was
State Street Corporation (NYSE: STT) has appointed Andrew Allright as CEO of InfraHedge, the firm’s dedicated managed account business.
Allright (pictured), has been with InfraHedge since it launched in 2011 and has played a key role in growing the business to become the global leader in servicing managed accounts. With more than USD30 billion of client assets, InfraHedge designs, builds and operates dedicated, customised platforms for institutional investors to effectively manage their third-party investment programs.
“The InfraHedge business has shown tremendous growth over the last few years,” says George Sullivan, global head of State Street’s Alternative Investment Solutions business.
Northern Trust Hedge Fund Services (NTHFS) has been appointed as fund administrator for ExodusPoint Capital Management. NTHFS will provide fund administration, risk services and liquidity solutions for the New York-based multi-manager platform, with portfolio management teams investing more than USD8 billion across equity and fixed income strategies.
“Given our platform’s significant trading volumes, breadth of products, and need for scale, ExodusPoint requires an administrator with superior technology and broad expertise,” says Enrico Corsalini, Chief Operating Officer of ExodusPoint. “Ultimately, it was Northern Trust’s combination of technology, expertise in supporting complex businesses, strong client relationships and flexible service model that led
In July 2018, the average daily transaction value on the Euronext cash order book stood at EUR7,313.3 million, down 4.0 per cent compared to July 2017 and down 17.1 per cent from the previous month.
The average daily transaction value on the ETF order book was EUR213 million, down 7.2 per cent compared to July 2017 and down 20.2 per cent from the previous month. At the end of July 2018, 1,085 ETFs were listed on Euronext compared to 1,048 at the end of December 2017.
In July 2018, the overall average daily volume on derivatives reached 543,902 contracts, up
Morgan Stanley Alternative Investment Partners (AIP), an investment team within Morgan Stanley Investment Management, has closed the unit’s latest investment fund, the Riverview Strategic Opportunities Fund III (SOF III) with over USD500 million in commitments.
The fundraise saw robust interest from both institutional and high net worth investors with the raise being completed within a few weeks. The Fund is an opportunistic hedge fund solution focused on hedge fund secondaries and co-investments.
“We are pleased investors continue to see promise in our fund’s differentiated approach as hedge funds look to alleviate the constraints they face in the market and
Risk-on markets bolstered hedge fund returns in July, with L/S Equity strategies outperforming, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. Yet the reversal in growth stocks, due to the tech reversal at the end of the period, eroded some of the previous gains. Market Neutral managers ended the month flat as a result.
CTAs were volatile in July. They made the most from rising equity markets and higher Treasury yields. Yet, half of their gains were eroded by speculations on the BoJ’s monetary policy stance at the end of the period. Their long Japanese
By Don Steinbrugge, CFA – CEO, Agecroft Partners – It is no secret that the vast majority of investors, including hedge funds managers, have underperformed market indices over time. However, some managers have distinguished themselves generating very strong risk adjusted returns.
Outperforming an index requires an information advantage over what is broadly available in market. It also requires a way to process that information to more accurately price securities and select those that demonstrate divergence versus the market. It is becoming increasingly more challenging to achieve this, resulting in an arms race for alpha. Investment processes must be constantly enhanced
