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The Depository Trust & Clearing Corporation (DTCC), has set a timetable for the first phase of settlement optimisation, a significant enhancement aimed at removing an entire market day of settlement exposure without eliminating a calendar day from the standard trade settlement process.
Based on support and feedback from the Settlement Optimisation Working Group, DTCC is taking a phased approach to the implementation of settlement optimisation, beginning with night cycle re-engineering.
By focusing initially on re-engineering the night cycle, a processing batch occurring in the overnight hours, DTCC seeks to significantly increase settlement rates going into the next morning. Today’s
FORT, a multi-strategy quantitative hedge fund founded in 1993 by Yves Balcer and Sanjiv Kumar, has appointed veteran asset management executive Stu Bohart as its President, based in New York. He is one of several new executive appointments made by the firm.
Bohart brings over 25 years of experience in the asset management and securities industry. Most recently he served as President of the Liquid Markets business of Fortress Investment Group. During his tenure at Fortress, he served on both the Management and Operating Committees. Prior to Fortress, Bohart held a variety of senior positions at Morgan Stanley, including Global Head
Sloane Robinson, an International long/short equity manager with a focus on the Asian, Emerging and Frontier markets, has continued its deployment of the CommciseBUY research valuation platform.
The Commcise functionality used by Sloane Robinson includes research budgeting and valuation; broker voting and payments; internal reporting including fund-level research cost allocation. The implementation was undertaken by a joint Commcise and Sloane Robinson team, including integration with Sloane Robinson systems.
David Gale, CEO at Sloane Robinson, says: “Sloane Robinson chose Commcise after a careful selection process, which was focused on ensuring we would meet our internal standards on research transparency. As an asset
Hedge funds successfully traded their way around an overwhelming month in April and were up 0.56 per cent, while underlying markets as represented by the MSCI World Index gained 1.18 per cent during the month.
That’s according to the Eurekahedge May Index Flash Update which says that Investors’ risk appetite improved in April amid waning concerns over a trade war, bolstered by the ‘soft’ tone of Xi Jinping in response to US trade sanctions.
Developed markets outperformed their emerging market counterparts during the month, as the latter still remained rather volatile with the region’s equity markets posting a slightly
Proprietary trading firm WH Trading has selected QuantHouse’s QuantLINK and QuantFEED suite of solutions.
WH Trading, the Chicago-based firm, trading the futures and options market across the US, Europe and Asian markets, is using QuantLINK, QuantHouse’s ultra-low latency, fully redundant 40G network to enable market access and delivery of market data at low latency speeds.
The connectivity performance of the QuantLINK network is continually expanded upon to ensure the latest and fastest routes are available with new exchanges and alternative trading venues being constantly added to ensure that firms have access to the most extensive range of venues to
A majority of alternative fund administration firms – 74 per cent – expect consolidation in the alts fund admin space, according to the just-released eVestment Alternative Fund Administration 2018 survey.
This is up dramatically from the 47 per cent of survey respondents who expected consolidation in 2017’s survey.
And despite technology and new players disrupting numerous industries around the world, only 11 per cent of survey respondents expect to see new entrants into the fund administration business over the near term, down from 26 per cent of respondents in the prior year’s results.
Alternative asset managers are increasingly
Saxo Bank, a Fintech specialist focused on multi-asset trading and investment, has appointed Steve Weller as CEO of the MENA Region.
 Weller will be based in Saxo Bank’s Dubai office and report directly to Damian Bunce, CCO of Saxo Bank.
In his new role, Weller will assume the overall responsibility to grow and develop the business and client base in the region by making Saxo Bank the first choice for traders, investors and wholesale clients in the region.
Weller has more than 25 years of international experience and know-how in the global foreign exchange market. Most recently, Steve was
Apex Token Fund, an investment manager specialising in cryptocurrency and blockchain related assets, has launched its public token sale for its fund of hedge funds.
Apex tokens provide retail investors with access to a diversified portfolio of cryptocurrency assets managed by a selection of top performing hedge funds. The sale runs until 25 May 2018 and aims to raise a soft cap of USD25 million and a hard cap of USD100 million.
Investors can buy tokens in the fund via Apex Token Fund’s website. The minimum investment in the fund is 5 ETH, the cryptocurrency currently worth around USD760.
The European Energy Exchange (EEX) has published the calendar for the auctioning of EU aviation emission allowances (EUAA) for 2018 in coordination with the European Commission and the participating member states as well as with the competent German and Polish authorities.
In its capacity as the common auction platform appointed by 25 Member States, EEX will conduct four auctions of EU aviation allowances (EUAA) in 2018: 23 May, 958,000 EUAAs; 18 July, 958,000 EUAAs; 12 September, 958,000 EUAAs; 21 November, 955,000 EUAAs.
In its capacity as the auction platform appointed by the Federal Republic of Germany, EEX will conduct
Hedge funds snapped a two-month performance decline in April, led by fixed income-based Relative Value Arbitrage and Equity Hedge strategies.
The broad-based HFRI and many sub-indices extended YTD gains over equity market index declines, according to data released today by HFR, the established global industry leader in the indexation, analysis and research of the global hedge fund industry.
The HFRI Fund Weighted Composite Index advanced +0.38 per cent for the month, bringing YTD performance to +0.39 per cent through April and topping the YTD declines of the S&P 500, DJIA, DAX, FTSE and MSCI World indices.
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