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Evidence collected by INDOS Financial Limited (INDOS), a UK independent depositary, has revealed that many hedge funds have chosen not to revisit their administrative and depositary arrangements since the implementation of the AIFMD (Alternative Investment Fund Managers Directive) in July 2014.
Bill Prew (pictured), INDOS CEO, says: “In so doing, some managers are missing the fact that their depositary charges are rising in line with assets under management resulting in unnecessarily high fees. In particular larger funds should demand a more tailored fee model from their depositary which reflects the work and risks involved.”
Indos believes that four factors have combined
New research from Alpha FMC, the asset and wealth management consultancy, finds that many firms (80 per cent) are prioritising their digital transformation, with 61 per cent stating that they are “getting organised”, but nearly a quarter (23 per cent) feel that their digital maturity is “frustratingly fragmented” and that they are beginning to lag behind other organisations.
Alpha FMC surveyed 15 of the largest global asset management firms, collectively managing over GBP7 trillion in AUM. Respondents included a mix of CMO’s, Digital Directors, Chief Digital Officers and Technology Leaders. Eight respondents feature in the Investment Association’s top 40 asset
TORA, a provider of cloud-based order and execution management systems (OEMS), has launched its AI-powered AlgoWheel, which is designed to help firms create scalable, systematic best execution processes.
Article 27 of the MiFID II directive raised the minimum required benchmark for best execution. Firms are mandated to demonstrate they have taken “all sufficient steps” to achieve best execution – a far stricter application than under MiFID I. TORA’s new AlgoWheel, available globally, can help buy-side firms quickly achieve this goal.
TORA’s AlgoWheel is a quantitative execution strategy optimiser that uses advanced AI technology to automate low-touch order execution or
Societe Generale Securities Services (SGSS) has combined its existing Front, Dealing, Middle and Back office services into one plug-and-play solution that allows clients to focus on their main activities: asset selection, performances and distribution to their clients.
Built as a modular solution, CrossWise enables asset managers to outsource as many services as needed so they can focus on their core business. Bundling all SGSS’ “front to back” expertise and its capacities in trading and securities services, CrossWise allows clients to optimize their operating model and meet all regulatory constraints, such as audit trails or best execution. CrossWise uses the powerful
Saxo Bank is partnering with Microsoft to run its entire technology stack on the Microsoft Cloud.
Saxo Bank is a fintech specialist focused on multi-asset trading and investment, servicing clients in more than 170 countries with access to investments in global capital markets and headquartered in Copenhagen, Denmark. Saxo Bank delivers “Banking-as-a-service” allowing other banks and brokers to leverage Saxo Bank’s technology and global capital markets access. Expecting the number and scale of partnerships to grow significantly, Saxo Bank has decided to leverage the Microsoft Cloud to ensure scalability, flexibility and security in the digital infrastructure.
“The future of
Appian has unveiled the latest version of Appian, the Digital Transformation Platform. The new release is designed to make it easier than ever to rapidly build powerful software applications.
Enhancements to the platform help drive intelligent automation across the organisation, optimise the designer and user experience across channels, and bolster performance and administration of Appian’s platform-as-a-service (PaaS) cloud architecture. In addition to being in the core Appian platform, these enhancements are also available in the new Appian Intelligent Contact Center Platform.
“We deployed nine key risk mitigating applications on Appian in just 18 months,” says Denise Knabjian, First Vice President of
Two new liquid alternative funds were launched in Q1 2018, one Relative Value Fund and one Multi-Strategy Fund, according to Wilshire Funds Management’s Q1 2018 Liquid Alternatives Industry Monitor.
Additionally, there were 24 liquidations during the quarter.
AUM in the liquid alternatives universe increased by USD9 billion in the first three months of the year, while net inflows totalled approximately USD11.9 billion.
Relative Value Funds had the largest net inflows of USD7.5 billion, the largest net quarterly inflows to this space since the inception of Wilshire Liquid Alternative indices.
Following consecutive quarters of outflows, the Event Driven
Eight years since derivatives trade reporting was first introduced, DTCC’s latest white paper assesses progress made against G20 goals and proposes recommendations to further improve the global reporting framework.
While significant progress has been made during the last eight years towards establishing a global reporting framework for over-the-counter (OTC) derivatives transactions, DTCC says substantial work remains to be done in the areas of data consistency, aggregation and access in order to be able to effectively monitor and reduce systemic risk.
A Progress Report on OTC Derivatives Trade Repositories: ‘Many Miles Travelled, More Yet to Go’, calls for continued focus
SANNE has promoted Sean Murray to Managing Director, Alternative Assets for its Europe, Middle East and Africa (EMEA) region.
Based in SANNE’s Luxembourg office, Murray (pictured), has been with SANNE for just over a year. In his new position he will be responsible for the strategic leadership of the EMEA Alternative Assets platform, which includes Private Equity, Private Debt & Capital Markets, Real Estate and Hedge.
Murray had joined the firm from Orangefield in Luxembourg, where he was Managing Director and a member of the global alternative investments management board. He also sat on the board and management team
big xyt, an independent provider of high-volume, smart data and analytics capabilities, has appointed Mark Montgomery in a key role supporting Strategy and Business Development.
In this newly created role, Montgomery will focus on ensuring alignment of the business strategy with client needs and expanding the big xyt presence in London. He will extend the Executive team and will work closely with Robin Mess, CEO (pictured).
Having previously worked at Barclays Capital as Director of Electronic Trading Sales and Alliance Bernstein where he was responsible for establishing a European portfolio and electronic trading desk, Montgomery brings significant experience of
