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Cross-industry coordination around response and recovery mechanisms are essential to mitigating the systemic consequences of a large-scale attack on the global financial system, according to a white paper published by The Depository Trust & Clearing Corporation (DTCC) and Oliver Wyman, a global management consulting firm.
The white paper cites a need for additional efforts around specific cyber-scenarios and limited industry-wide testing as two key factors that could complicate the ability of banks and other financial institutions to react quickly to an attack.
The paper, which features extensive research and interviews with over 50 subject matter experts including financial services
Rational Funds, a family of funds rooted in the investment philosophy of applying a rational approach to investing, has launched the Rational/NuWave Enhanced Market Opportunity Fund (NUXIX). The Fund is Rational Funds’ second hedge fund conversion and offers the same strategy as its predecessor.
NUXIX utilises a strategy that has consistently delivered positive returns since its inception in 2013. The Fund’s investment strategy is comprised of two distinct components. The first is an actively managed US equity strategy, investing primarily in S&P 500 large-cap equities. The second is a broadly diversified managed futures strategy, providing both long and short exposure
Hedge funds declined 1.62 per cent in February and were up 0.37 per cent year-to-date with total AUM growth still in the green despite losses in February which eroded the solid gains in January, according to the March 2018 Eurekahedge Report.
Investor redemptions stood at USD5.0 billion in February while performance-based losses of USD34.2 billion were recorded. Almost 35 per cent of the fund managers are in the red for the year in what is turning out to be the toughest start to the year for fund managers since 2016.
While hedge fund capital allocations were in the red
Lyxor Asset Management has teamed up with Portland Hill to launch the Lyxor/Portland Hill Fund, a mid to long term oriented global fundamental equity strategy with a Pan-European focus.
The Fund combines a traditional Long/Short approach with an event-driven strategy and allows corporates to be targeted.
The strategy combines strong underlying fundamentals with a high probability of benefiting from catalyst market events, ranging from ‘soft’ (business model changes, company transformations or industry trends) to ‘hard’ (mergers and acquisitions, spin-offs etc).
The Fund leverages on Portland Hill’s recognised European geographic and sector expertise providing an understanding of upcoming situations,
Vistra, a provider of international incorporations, trust, fiduciary, private office, and fund administration services, has acquired Canyon CTS (Canyon), a boutique capital markets corporate and trust business headquartered in Shannon, Ireland, with offices in Dublin and New York.
The deal sees Vistra’s presence in Ireland grow significantly, following the acquisition of Dublin based Squires Gilbride last month and the acquisition of the Corporate Services business of Deutsche Bank’s Global Transaction Banking division announced in 2017, which operates in eight jurisdictions including Ireland.
Canyon provides corporate and trust services for structured finance deals; corporate restructuring support and services in relation
Digital Shadows, a specialist in digital risk management and relevant threat intelligence, has expanded into Germany and Singapore with the opening of local offices and the recruitment of country managers in both key markets.
Stefan Bange has joined to run Digital Shadows’ German and DACH region and Lawrence Loh will run the Far Eastern region based out of Singapore.
“We are delighted to welcome Stefan and Lawrence to the Digital Shadows family and excited to be able to attract individuals of their calibre and experience to the company,” says Alastair Paterson (pictured), CEO and Co-Founder of Digital Shadows. “With
One year after launch, RAM Active Investments reports that its Long/Short Global Equities strategy has more than USD370 million of assets under management, and has generated an annual return of 4.6 per cent net of fees with volatility of 3.8 per cent.
The RAM Long/Short Global Equities Strategy aims at capturing the inefficiencies present in the whole universe of developed markets, through a selection process based on RAM’s distinctive quantitative method; amalgamating a fundamental and behavioural philosophy. The objective of the Strategy is to deliver a consistent risk-adjusted return, with a diversified portfolio of more than 800 stocks and with no correlation to
Tora, a supplier of asset management technology, and Kenetic, a blockchain and cryptocurrency investment firm, have launched Caspian, a joint venture providing institutional investors with a full-stack crypto trading and risk management platform.
The crypto asset management solution provides sophisticated connectivity and interoperability across various cryptocurrency exchanges and is expected to drive exponential participation in crypto-trading by institutional investors.
As of February 2018, the average daily exchange-trading volume across all crypto assets was more than USD50 billion, and the total estimated market cap for blockchain instruments exceeded USD700 billion. Market analysts expect that number to rise to USD10 trillion
City Credit Capital, a London based online multi-asset trading specialist, has formed a new partnership with Argentina Clearing and Rosario Futures Exchange (ROFEX).
ROFEX was founded in 1909 and is a leading market for futures and options in Argentina. According to the 2017 annual raking from the Futures Industry Association (FIA) ROFEX is positioned in 23rd place worldwide and is the second largest in Latin America.
Argentina Clearing was authorised in June 2002 by the National Securities Commission to act as the Clearinghouse for Futures and Options and, since November 2002, it has become ROFEX´s CCP.
The partnership, expected
Hedge fund returns were mainly beta-driven last week, with equity markets on the rise across all regions, according to the latest Weekly Brief from Lyxor’s Cross-asset Research team.
As a result, L/S Equity and to some extent Special Situations funds outperformed. The latter delivered nonetheless disparate results across managers depending on their positions.
L/S Credit managers were up too, especially managers with a tilt towards relative value trades. CTA fund returns were mixed, from slightly up to slightly down. In aggregate, gains in long equities were offset by short positions on US bonds and long energy.
The positive
