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New Street Research has appointed Bryan Fingeroot to a senior sales role in the Americas effective 16 April, based in New York.
Fingeroot has an extensive background in equity sales and marketing, having most recently been MD and Head of Product Flow at Credit Suisse, based in New York.
In an 18-year career Bryan has held senior sales, marketing and management positions at Bear Stearns, Deutsche Bank and latterly Credit Suisse. His roles and responsibilities have embraced not just equity sales but also the development of special situations analysis, product development for thematic and idea-driven research, risk management as
Hong Kong Exchanges and Clearing Limited (HKEX) is the first exchange customer in Asia to successfully deploy Nasdaq SMARTS Market Surveillance’s latest machine learning and participant relationship discovery technology across its equity market.
Nasdaq has worked closely with HKEX’s Market Surveillance team in implementing machine learning to analyse unusual trading activities and their subsequent categorisation by surveillance analysts. The aim of these algorithms is to predict which actions analysts are likely to take based upon their handling of historical activity as well as discovering new relationships within the data. With new machine learning capabilities, the surveillance functions of HKEX will be
The Saemor Europe Alpha Fund was up 3.0 per cent in March, lifting the year-to-date returns to 1.5 per cent.
Saemor says gains were broad-based as its defensive positioning worked well in the risk-off environment.
“Factor clusters where we had added weight through our slowdown stance since mid-February performed well. Earnings Momentum, Profitability and Stability all showed attractive return spreads, while our key underweight in Cyclical Value fared poorly,” writes Saemor. “After an initial market correction in February, where high-risk stocks held up well, investors gradually started positioning themselves for more volatility, with Low versus High Beta the best
The tectonic plates of the alternative funds industry continue to move in response to market trends, technology innovation, continuing regulation and the ever-shifting whims and desires of institutional investors.
Last year was a welcome return to performance for global hedge funds, ending 2017 with net gains of 11.41 per cent and net new inflows of USD49.5 billion to take total AUM to USD3.55 trillion, according to Preqin.
And as February 2018 has already indicated, the winds of change have definitely picked up, with a welcome return to volatility and overall sense of optimism among active fund managers.
It was against
The Berens Capital Management team and their funds are to become become part of Alternative Investment Group on 1 June. Berens Capital Management is a global asset manager known for its high-quality research and focus on emerging and frontier markets.
Terms of the transaction have not been disclosed.
The transaction will position the combined team as a leader in emerging markets multi-manager investing, with Berens Capital Management’s emerging and frontier markets expertise complementing Alternative Investment Group’s longstanding strengths in US and international long/short equity, credit, mortgages, event-driven and sustainability/ESG strategies. The transaction will increase Alternative Investment Group’s assets under management
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.40 per cent in March, and -0.99 per cent for the first quarter in 2018.
Both returns underperformed the -0.98 per cent monthly return and -1.02 per cent quarterly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“With a significant increase in volatility,
George Ralph, Managing Director of RFA, recently chaired a breakfast briefing on Operational Due Diligence for private equity firms. With a knowledgeable and varied panel he debated the growing importance of being absolutely shipshape and watertight when it comes to investor due diligence around operations and talked about how GDPR will affect everyone and what can be done to make sure firms are not only meeting ODD requirements, but exceeding them too.
The ODD landscape
It has been a record year for private equity funds raised, and the total assets stand now at £2.83 trillion. The hedge fund space is
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2018 measured -0.09 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, declined 1.40 per cent in April.
“SS&C GlobeOps’ Capital Movement Index for April 2018 of -1.40 per cent reflects net outflows for the month, in line with normal seasonal patterns. On a year-over-year basis, the net outflows of -1.40 per cent for April 2018 were somewhat higher than the -1.09 per cent reported for the same period a year ago in April 2017, but were within the range of normal variation,” says Bill Stone
Ultimus Fund Solutions has acquired Woodfield Fund Administration, a privately-owned private fund administration firm headquartered in Chicago, Illinois.
Ultimus says that the combination will allow each firm to better leverage technology investments, resources and assets, providing current and prospective clients the opportunity to access a larger range of services from one combined firm with a hallmark of exceptional client service. After the acquisition, the firm will serve over 140 clients with nearly 200 employees, and Ultimus’ assets under administration will grow to more than USD75 billion. Ultimus, headquartered in Cincinnati, Ohio, will also maintain offices in Chicago, Illinois and Denver,
Business information provider IHS Markit has added 35 cybersecurity risk factors on more than 3,000 public companies to Research Signals, its quantitative equity research product.
The cybersecurity risk factors are based on security ratings from BitSight, a leading provider of actionable risk intelligence, and deliver investment risk indicators for institutional investors.
“Cybersecurity weakness is an important risk that investors need to monitor, and cases such as Equifax underscore the consequences of data breaches on stock prices,” says Chris Hammond (pictured), executive director, Research Signals at IHS Markit. “BitSight Security Ratings provide a quantitative measure of a specific company’s cybersecurity
