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By Samer Ojjeh, Principal at EY – Technology continues to be a major driver of change within the hedge fund industry, with a marked effect on hiring practices. Managers are realising that to survive in today’s highly competitive and innovative environment, they need to look beyond the traditional talent pool of portfolio managers, analysts and quantitative or algorithmic fund managers that have built the foundation for decades.
Managers want and need talent in every function and at every level that embraces and understands digital technology. Not just programmers in the back office – yes, those too – but across the spectrum
The Alternative Investment Management Association (AIMA), the global representative of alternative asset managers, has published a position paper entitled ‘Brexit and Alternative Asset Managers: Managing the Impact’.
The paper offers a detailed assessment of what will need to be addressed during the transition period that has recently been agreed between the UK and the EU. AIMA believes that addressing these points will minimise disruption for UK fund managers and EU investors when the UK leaves the EU.
The analysis is based on the assumption that the UK will leave the EU’s single market and that many existing cross-border provisions
Argentex, an FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, has been ranked the world’s most accurate forecaster of GBP/USD and EUR/USD currency pairs by Bloomberg.
The rankings have placed Argentex as the most accurate forecaster of EUR/USD – the world’s most traded market – for three consecutive quarters, underpinning the exceptional level of accuracy and speed of execution and expertise of its specialist team.
Argentex transacted more than USD10 billion of currency in 2017 for corporate and private clients globally.
Bloomberg’s rigorous methodology ranks FX forecasters based on three criteria: margin
Fidante Capital, the international capital markets business of Fidante Partners, has appointed John Armstrong-Denby as Head of Corporate Finance in its London office.
Armstrong-Denby has over 18 years’ experience advising and investing in listed investment funds. Most recently, Armstrong-Denby was a Managing Director in the corporate finance division of Edmond de Rothschild, where he actively advised a range of clients on strategies to grow AUM in listed and unlisted fund offerings, while also providing proactive strategic advice to fund boards. Armstrong-Denby has previously held similar senior positions with ING Bank, Intelli Corporate Finance and ABN AMRO Hoare Govett. Armstrong-Denby started
SVM Asset Management, an Edinburgh-based investment boutique, has appointed Martin Orrin as regional sales manager for the South West.
Martin will be responsible for managing both advisory and discretionary accounts across the South West region. He will report to Colin Thomson, head of wholesale distribution.
With over 30 years’ experience in the asset management industry, Martin joins from Aberdeen Asset Management where he was senior business development manager. Prior to this, he worked at Scottish Widows Investment Partnership as investment sales director, Smith & Williamson Investment Management as an associate director and Threadneedle Investments as sales director for national accounts and
The proliferation and growing sophistication of artificial intelligence (AI) could have serious implications for how cyber criminals coordinate attacks on the global economy. In what is already an unending arms race, with global corporations trying in vain to stay one step ahead of criminals and hactivists, the potential benefits of using AI and machine learning tools to develop new attack methods could be substantial.
That said, there could also be benefits to those whose job it is to keep firms safe and limit the scope and severity of attacks. Dmitri Alperovitch, the co-founder of information security firm CrowdStrike, was recently
From risk management to regulatory reporting and trading and execution to cybersecurity and compliance, technology is playing an increasingly crucial role in the investment and asset management space. And at GFM, we want to salute the key players who are delivering outstanding tech-based products and services to the industry with the new GFM FundTech Awards.
Following the same unique peer-review format as our respected Hedgeweek Awards, our simple online survey lets you, our readers, nominate the stand-out companies and service providers in a wide range of categories. The companies polling the most votes/nominations will then be invited to receive their awards
BitUN, a private bank for blockchain assets, is to list its BUC token on Coinsuper starting from 15 April 2018, with plans to the list on other exchanges including Huobi.
After listing on Coinsuper, the token will initially support BUC/BTC transactions, with other token pairs being available soon after.
BitUN is a private bank for blockchain assets. Based on HIGGS blockchain network, BitUN uses the Lightning Network 2.0 technology to establish a digital currency settling and liquidation network that resolves the issues of heterogeneous blockchain asset management and liquidation. At the same time, BitUN has remodelled the structure of
Intertrust, a provider of trust, corporate and fund services, has appointed Theo Splinter, former BNP Paribas executive, as Chief Operating Officer (COO) and member of the firm’s Executive Committee, effective 1 June 2018.
Splinter (pictured), will have global responsibility for operations, IT, change management and procurement within Intertrust.
Splinter has over 20 years of experience and joins Intertrust from BNP Paribas, where he was COO of Security Services in Luxembourg and its European centres of excellence. Prior to joining BNP Paribas in 2015, he worked five years at Credit Suisse, latterly as Managing Director Credit Suisse Prime Services and COO of Hedge Fund
Hedge funds posted mixed performance in the volatile month of March, as global equities declined on increasing trade and tariff tensions. The HFRI Fund Weighed Composite Index (FWC) posted a decline of 0.25 per cent for the month.
For the First Quarter 2018 (Q1 2018), the HFRI FWC advanced 0.35 per cent, topping the declines of the DJIA, S&P 500, and most European and Asian regional equity market indices.
Fixed income-based Relative Value Arbitrage (RVA) was the only main strategy that produced positive returns in March, as equities and interest rates both declined, with the HFRI Relative Value (Total)
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