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As the latest addition to Theorem’s expanding platform, PortfolioScience’s RiskAPI provides interactive, on-demand risk analysis for asset managers and hedge funds.
Theorem Technologies’ SaaS platform streamlines post-trade workflows by delivering value-added tools and analytics that run on a consolidated dataset across an organisation’s brokers and counterparties.
With this integration, Theorem customers can now generate Value-at-Risk (VAR), multi-dimensional stress testing, exposure analysis, and options analytics across portfolios, sub-portfolios, and individual positions. Users can also interact with powerful views of risk in order to better track intraday portfolio activity.
“Adding VAR and other risk measurements is part of our strategy to
Options, a provider of global market data and colocation services for trading firms, has completed its European colocation infrastructure build out with low latency connectivity now available to the Bolsa de Madrid exchange, the fourth new top tier colocation venue on the Options platform this year.
Operated by Bolsas y Mercados Españoles (BME), Bolsa de Madrid is the largest stock exchange in Spain. Options’ clients can avail of fully managed hosting services and low latency direct connectivity to BME’s trading platform and market data directly at source.
This latest addition completes the European phase of Options’ global colocation expansion,
Crypto Asset Management (CAM) has appointed two new executive officers – David Mathews will serve as Chief Legal Officer and Kyle Chaykowski as Chief Financial Officer. Both will be based in CAM’s La Jolla, California office.
Mathews (pictured), will be responsible for overseeing the firm’s regulatory compliance programs, managing legal resources and activities and advising on legal aspects of investment product design and structure.
He joins the CAM team with 20 plus years’ legal and regulatory experience in the financial services industry, focusing primarily in the alternative investments space in support of sponsors and distributors of hedge funds, commodity
Unintended consequences of new regulations are hindering hedge fund managers from boosting returns for their investors.
According to findings from analytics firm OpenGamma, hedge funds can now be charged an eye watering 70 per cent additional margin because of regulatory changes, destroying returns as a result. A staggering cost to absorb, particularly for global macro hedge funds who only returned 2.3 per cent in the last year (source: HFR).
New rules, such as those forced upon clearing houses by the Committee on Payments and Market Infrastructure (CPMI) and the International Organisation of Securities Commissions (IOSCO), mean fund managers have no choice
Financial services regulatory consultancy Bovill has appointed cybersecurity regulation expert David Copland as a Managing Consultant.
Copland (pictured), joins from a risk management consultancy and will be responsible for servicing clients in relation to risk management, cybersecurity, electronic and algorithmic trading for buy-side asset managers and sell-side financial services institutions. David has 18 years’ financial experience in hedge funds and brokerage operations. He spent over nine years at Man Investments on the senior management team as Global Head of IT and the COO of the Man Investments Trader Hotel.
Copland joins with a warning that around the world, regulators
Global investment advisory and alternatives platform Mercury Capital Advisors has appointed Nick Savasta as Chief Investment Officer and Partner, overseeing Investment Advisory.
He will report to Michael Ricciardi, Chief Executive Officer and Managing Partner, and will lead the firm in advising clients across a range of alternative asset classes including direct private equity investments and allocations to fund managers.
Savasta joins Mercury from Michael Dell’s MSD Partners, where he was Managing Director and Co-Head of MSD’s Strategic Investments Group. Previously, he was a senior merchant banker with Allen & Company. He also worked as an investment banker with Morgan
LUX Fund Technology and Solutions (LUX), a business and technology solutions provider for the alternative asset management industry, has appointed Jeremy Siegel as CEO.
Siegel (pictured), brings 24 years of experience in client relationship management and product and industry knowledge to LUX, having worked with over 500 hedge funds from around the globe helping to grow their businesses through technology, operations and institutional systems. He will be responsible for building out Transcend, the company’s flagship SaaS-based front-to-back office automation technology platform.
Alan Freudenstein, LUX Board Member and Portfolio Manager of Credit Suisse Asset Management’s NEXT Investors, says: “We are
Multi-asset trading services specialist OANDA has launched an institutional trading platform tailored to meet the advanced requirements of professional FX traders, from hedge funds and brokers to CTAs and proprietary trading firms.
Called OANDA Pro, the platform will be powered by State Street’s Currenex, a market-leading provider of high-performance technology and deep pools of liquidity.
OANDA Pro delivers liquidity from multiple streaming banks, non-banks and through the Currenex anonymous ECN into a single consolidated Central Limit Order Book. Offering a robust trading experience supported by a low-latency network, institutional clients can now execute their trades through a fully customisable
While low-cost index-tracking funds continue to experience exponential growth, multi-asset strategies also are giving investors unique opportunities to improve returns by beating the benchmark. In 2017, multi-asset funds recorded the greatest net inflows of any top-level strategy, delivered returns of more than 10 percent and grew their assets by 14 percent.
But handling multi-asset portfolios can also create major operational complexities for asset managers and fund administrators – not least when it comes to data management. Today, 41 percent of managers and 29 percent of administrators do not believe they are effective at visualizing and simplifying complex data.
In our webinar,
By George Ralph, RFA – It feels like the alternative investment sector is experiencing a bit of a hiatus right now; we’ve just dealt with MiFID II and are waiting to see how that beds in and GDPR is just weeks away from taking effect.
Most of our clients are still trying to understand the implications of the latter but have made the infrastructure changes needed and are focused on getting their policies and processes in order. With spring trying desperately to battle through the rain clouds, it feels like a good time to go back to basics, take stock and have
