Latest News
Dash Financial Technologies, a specialist in order routing transparency, visualisation and customisation solutions, has appointed Stino Milito as Co-COO.
Reporting directly to CEO Peter Maragos, Milito (pictured), will be responsible for product strategy and leading Dash’s Institutional buy-side team, a growing group that works with the firm’s asset management and hedge fund clients to help craft highly-tailored trading solutions.
Milito is based in Chicago, where he leads the office along with Co-COO Tim Miller. This is his second stint with Dash, rejoining the firm from ED&F Man Capital Markets where he was Director of Trading, UIT. One of Dash’s
Event driven fund managers ended the first half of 2018 up 2.02 per cent, supported by healthy activities within the M&A sector, says Eurekahedge. However, the escalating tension between the US and China may pose as a headwind for event driven fund managers, as regulators become increasingly strict in approving big M&A deals.
Asian hedge funds were down 1.22 per cent as of June 2018 year-to-date, as they struggle under the pressure of global trade and political concerns. Fund managers focusing in China, India, and Korea posted losses of 4.38 per cent, 2.46 per cent, and 1.60 per cent respectively
HFR has launched the HFR Bank Systematic Risk Premia Indices, a family of indices including 40 which are ‘efficiently delineated along a nested matrix of established risk premia asset type and strategy’.
Risk premia strategies have experienced a surge in interest from both institutional and retail investors as a result of high liquidity and flexible tactical exposures. The universe of bank risk premia strategies surpassed USD700 billion in notional capital in 2018 and leverages a universe of over 1,200 risk premia products, according to HFR.
The HFR Bank Systematic Risk Premia Indices offer daily performance reporting categorically delineated across a
CryptoCompare, a global cryptocurrency market data aggregator, has entered into a strategic partnership with Thomson Reuters, a provider of news and information for professional markets.
Under the agreement, CryptoCompare will integrate order book and trade data for 50 coins, sourced from a wide variety of trusted exchanges, into Thomson Reuters financial desktop platform Eikon, providing institutional investors with reliable insight into the crypto asset market as a whole.
Thomson Reuters Eikon is a solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community. Its news, analytics and data visualisation tools help
IHS Markit’s trade processing service for OTC derivatives, MarkitSERV, is at the forefront of the use of new reference rates replacing LIBOR in derivatives markets.
The first wave of OTC derivatives trades using the new Secured Overnight Financing Rate (SOFR) used MarkitSERV to match, confirm and straight through process them for clearing and regulatory reporting. To date, seven major derivatives dealers have completed SOFR trades using MarkitSERV. These included both cleared and non-cleared, as well as party-to-party direct and SEF-executed trades.
“Helping our clients adopt new reference rates is a classic example of how we provide a highly reliable and
Resurgens Technology Partners has acquired InvestorForce from MSCI and is to merge it with portfolio company Investment Metrics. The combined investment analytics and reporting solutions business will cater for investment consultants, wealth managers and investment managers.
The transaction is expected to close within the next three months, subject to customary closing conditions. Terms of the deal have not been disclosed.
Resurgens says the merger will enable the combined business to provide investment tools for performance analysis, investment reporting, investment policy statements, peer benchmarking and competitive insights, leveraging the unique and substantial data assets of the combined company. The newly
Amiral Gestion, an independent asset management firm which bases its investment philosophy on value investing, has joined the Group of Boutique Asset Managers, GBAM.
GBAM is an international grouping of small and medium-sized specialist asset management firms who share the objective of strengthening their presence in international markets.
Amiral, which has offices in Paris, Madrid and Singapore and is planning to expand its business in Italy, joins a select group of international boutiques. Joining GBAM enables it to exchange information while cooperating and identifying best practices in international business development.
François Badelon (pictured), founder of Amiral Gestion, says:
Options, a managed service and IT infrastructure provider to the global capital markets industry, has appointed former Finastra and OpenLink Financial executive Michael Russo to its management team.
Russo joins the New York team as VP, Product Management where he will be responsible for driving new business growth and supporting the firm’s Managed Application services.
Russo brings nearly two decades of industry experience to Options from Finastra and OpenLink Financial, where he oversaw global business development and growth of the firm’s burgeoning cloud-based solutions. Michael was a key contributor and leader in the expansion and development of the firm’s
Hedge funds returns were overall negative last week, dragged down by CTAs, with early signs of the BoJ moving out of ZIRP also hitting their Japanese bonds and short JPY positions, according to the latest Weekly Brief from Lyxor’s Cross Asset research team.
Some Event Driven funds also suffered from idiosyncratic events, including the NXP deal.
Lyxor writes that while L/S Equity funds consistently added alpha in 2017, their contribution has been more modest and more volatile in 2018. It has also been more heterogeneous across regions. Peaking global growth concerns and an unusual stream of political wildcards overshadowed
OpenInvest, a digital investment advisor for socially responsible investing, has raised USD10.4 million in a Series A funding round led by QED Investors, with additional participation from Andreessen Horowitz (who led OpenInvest’s previous venture round in 2017) SYSTEMIQ, Wireframe Ventures, Yard Ventures and Abstract Ventures.
According to Morningstar’s Sustainable Funds US Landscape report, assets under management in portfolios using various approaches to sustainable investing have grown to an estimated USD23 trillion globally, an increase of more than 600 per cent over the past ten years. OpenInvest’s platform delivers customised investment portfolios aligned with an individual’s or institution’s values. ESG (environmental,
