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DTCC-Euroclear Global Collateral, a joint venture of Euroclear and The Depository Trust & Clearing Corporation (DTCC), and fintech company NEX, have formed a new partnership which is aiming to improve OTC derivatives margin call processes.
As a new member of the GlobalCollateral Partner Program, NEX is currently working to link its triResolve Margin web-based collateral management solution with GlobalCollateral’s Margin Transit Utility (MTU) to provide mutual clients with a centralised view across margin call operations. The connected service will also help users to meet regulatory compliance objectives around the margining of uncleared OTC derivatives transactions.
Through this partnership, mutual users will be able to
Man Group, the world’s largest listed hedge fund, has reported net inflows in the first quarter of 2017 of USD4.8 billion, driven by strong inflows into alternative risk premia, European long short and emerging market local currency strategies.
These inflows pushed funds under management (FUM) up by 3 per cent to USD112.7 billion as at 31 March 2018, with growth reported all of the group’s core product categories.
Luke Ellis (pictured), Chief Executive Officer of Man Group, says: “We are pleased to report an increase in funds under management in the first quarter to per cent USD112.7 billion, driven
The team behind London-based credit investment specialist PVE Capital is forming Prosperise Capital.
The establishment of Prosperise involves a new legal structure, new partners, new offices in London and further offices globally, but the original investment team and their credit strategies remain the same.
“We wanted to reflect all the positive changes we’ve made since we launched our first fund in 2009,” says Gennaro Pucci, Prosperise’s CIO and Founder. ‘Prosperise is a blend of prosper and rise, which also embodies our future aspirations.’
The group is opening a new office in Milan and expects to add to its
Northern Trust Hedge Fund Services (NTHFS) has launched Cash Optimization, an automated service for viewing and efficiently managing cash across all currencies and counterparties to meet funding needs, maintain target reserves and generate alpha by investing excess cash.
Developed in partnership with Hazeltree, a provider of treasury solutions, the new service offers a comprehensive approach to managing cash based upon current balances, forecasted transactions and market data such as financing, interest and foreign exchange (FX) rates.
The Cash Optimization service leverages Hazeltree Optimizer, a rules-based cash optimisation platform, and is fully integrated with NTHFS to provide clients a single
Lazard Asset Management (LAM) has appointed David Gibson as a Managing Director. Gibson will lead a New York-based team, which will implement a hybrid strategy at the intersection of human- and algorithmic-driven investment approaches.
“David brings a wealth of both fundamental and quantitative investment experience, a unique investment philosophy, and a rigorous investment process that we expect will benefit our clients,” says Loren Katzovitz, Managing Director at LAM, who is responsible for initiatives to grow its global alternatives platform. “We continue to focus on expanding our alternative investment platform to offer clients differentiated products that provide superior risk-adjusted returns with
FactSet, a provider of integrated financial information and analytical applications has launched the Open:FactSet Marketplace, a new online platform that offers both financial and alternative data.
This launch marks a significant milestone for FactSet’s fast-growing Content and Technology Solutions business, which provides core data feeds such as macro market and event-driven data in addition to proprietary datasets such as supply chain and geographic revenue exposure content.
From streaming real-time data to historical information, FactSet offers award-winning content through desktop, web, mobile and off-platform solutions. The Open:FactSet Marketplace reinforces FactSet’s commitment to providing clients with the best available data and
Quantitative Brokers (QB), an independent provider of algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets, has appointed Deepak Begari as Chief Technology Officer (CTO) and a member of the firm’s Executive Committee.
With more than 11 years of experience in electronic trading and a primary focus on algorithmic execution across multiple asset classes, Begari (pictured), has significant expertise in software development, product management and analytics. Begari joins QB from Bloomberg Tradebook, where he served as a senior product manager, responsible for managing algorithms for equities, options and FX.
Prior to Tradebook, Begari held
Baringa Partners is working in partnership with London-based compliance and data analytics firm SteelEye, to provide solutions for the Reg tech market.
Baringa says it has identified compliance as a huge opportunity in terms of technology investment, as financial services firms want sustainable solutions that can be ‘plugged in’ instantly. As the RegTech market continues to grow in terms of maturity, viability and sustainability, Baringa believes investment will continue to grow, with new products entering the market and firms embracing RegTech in their existing business models. The firm also views London as a hotbed for RegTech start-ups and developments in
Cryptocurrency broker BCB Group has launched an institutional prime brokerage solution, specifically designed to cater for the needs of institutional clients who need OTC best execution for their own accounts and who wish to offer cryptocurrency products and services to their own clients.
The solution is aimed at investment managers and hedge funds, including cryptocurrency funds, private banks, family offices and wealth managers.
Aiming to provide seamless infrastructure covering onboarding, execution, settlement, reporting and custodianship, BCB Group’s service enables institutions to offer their investors access to many cryptocurrencies across the spectrum of the asset class. For this unregulated market,
Aksia, a specialist research and portfolio advisory firm for hedge fund, private credit, and institutional investors, has appointed Ilya Riskin as a Senior Analyst in the firm’s Investment Research Team in New York.
Riskin (pictured), had been at Barclays for over 12 years, most recently as a Vice President in the Portfolio Management Group, where he was a fundamental credit research generalist and portfolio manager of an extensive bank debt book.
At Aksia, Ilya’s investment and markets experience will serve as a complement to the event driven and credit investment due diligence effort. Patrick Adelsbach, Head of Credit Strategies,
