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Charles River Development, provider of the Charles River Investment Management Solution (Charles River IMS), is to be acquired by State Street Corporation (STT).
The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in the fourth quarter of 2018.
The acquisition will combine Charles River’s front and middle office Software as a Service (SaaS) capabilities with State Street’s extensive front, middle and back office capabilities to deliver a comprehensive end-to-end interoperable Buy-Side platform.
“The synergy between our firms provides the market with a major new differentiating offering that will change the
Experienced global portfolio manager Paul Sloane is rejoining active equity specialist Martin Currie’s Global Emerging Markets (GEMs) team as a portfolio manager.
Martin Currie’s flagship emerging market equity strategy has outperformed the MSCI Emerging Markets Index over all time periods since the team began managing the strategy in October 2010.
Sloane brings a wealth of experience having previously worked at Martin Currie for 14 years, most recently as co-manager of the firm’s global alpha strategy. He joins on 13 August and will take on coverage of the financials sector.
Willie Watt (pictured), Chief Executive at Martin Currie, says:
Mill Hill Capital (Mill Hill) has appointed Nick Pepe, a 13 year veteran of Citigroup’s Global Securitised Markets Division, as Partner, Managing Director, Head of Business Development and Head of Investor Relations. Pepe will start with Mill Hill in September 2018.
Mill Hill is based in New York and focuses on market-neutral relative value investments in US Credit and navigates in both corporate and securitised markets. The company, an investment adviser to private investment vehicles, was founded in 2015.
As the Head of Business Development, Pepe will be focused on participating in the creation of new funds, discussing new opportunities
The Gemini Companies (Gemini) has released key insights shared by a panel of registered fund experts during a recent webinar, “Navigating Challenges for Startup Funds.”
Marissa Capodanno, Deputy Head of Content for the Fund Intelligence Group, moderated the event, which included three panelists: Sandra Powers, CEO of ARK Global LLC; Chris Menconi, Partner at Morgan, Lewis & Bockius LLP; and James Ash, SVP of Registered Fund Solutions for Gemini.
The webinar covered topics specific to RIAs who are considering starting a mutual fund, including fund ideation (strategy), creation (operations), and best practices in distribution (marketing and sales). Each panelist revealed
Hedge fund capital ended Q2 2018 at a new record level for the eighth consecutive quarter as investors reversed Q1 strategy flow trends, allocating new capital to Equity Hedge strategies while redeeming from Macro strategies, with Relative Value Arbitrage and Event Driven also showing small outflows.
Total hedge fund industry capital globally increased by USD20.6 billion to a new record of USD3.235 trillion, according to the latest HFR Global Hedge Fund Industry Report.
Reversing the trend of inflows from Q1 2018, investors redeemed an estimated USD3.0 billion in Q2 2018, the first quarterly outflow since Q1 2017. Firms with
Pillar Capital Holdings Limited (Pillar), a Bermuda-based insurance asset manager focused on collateralised reinsurance and catastrophe insurance-linked securities, has appointed Jeff Franklin as Chief Underwriting Officer (CUO), effective immediately.
Franklin joined Pillar as SVP & Portfolio Manager in 2013. He has extensive experience in global property underwriting, including a CUO role prior to joining Pillar where he developed a company’s international book of business and oversaw its international property catastrophe portfolio.
IA statement from the Pillar Board of Directors, says: “Jeff has played an integral leadership role in expanding Pillar’s market presence and leading the development of our portfolio
Align, a provider of technology infrastructure solutions, has been certified as a Great Workplace by Great Place to Work for the second time.
“We are honoured to be recognised as a top workplace and for our great culture for the second year,” says Jim Dooling (pictured), CEO of Align. “Align is committed to maintaining a culture that values entrepreneurial spirit, diversity, innovation and teamwork. We don’t just hire aptitude; we invest in intelligent people who are forward-thinking, innovative, driven and have a penchant for information technology.”
Align’s ranking is based on the results of an anonymous employee survey
Artificial intelligence and machine learning are reshaping the alternative investments landscape, but professional financial managers still make the most pivotal decisions.
That’s the conclusion of the latest Barclay Hedge Fund Manager/Investor Survey, a quarterly report on the sentiments of professionals in the alternative investments sector.
The July 2018 edition of the Hedge Fund Sentiment Survey asked managers of hedge funds and commodity trading adviser (CTA) funds for their insights and experience with AI and machine learning (AI/ML).
The survey found that more than half of respondents say they use AI/ML to inform investment decisions, while two-thirds say they
LiquidX has opened new offices in London and Singapore and established a New York-based desk exclusively focused on Latin American transactions.
“Clients around the world are recognising the power of doing business on the LiquidX marketplace,” says Glenn Kocher (pictured), Global Head of Sales at LiquidX. “We’re rapidly ramping up to better serve our clients, no matter where they are located. It is a tremendous opportunity for us but we are also excited to be able to provide the global infrastructure our clients demand.”
The firm now offers the ability to process transactions in 25 separate legal jurisdictions and
JP Morgan Alternative Asset Management (JPMAAM) is strengthening its efforts to assist hedge fund managers who are interested in increased adoption of environmental, social and governance factors into their underlying strategies and businesses.
This week JPMAAM hosted its first ESG Forum at its New York headquarters, bringing together a diverse range of hedge fund managers interested in learning more about institutional client interest in ESG, enhancing alpha with ESG, and best practices for incorporating ESG factors into their businesses.
“In our hedge fund solutions business we are seeing increased interest from our clients in the ESG practices of our
