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RMB Asset Management, in partnership with Mendon Capital, has launched a new global long/short financial strategy.
The new strategy requires a minimum investment of USD250,000 and is an extension of Mendon’s current US financial strategy, which is also offered in two mutual fund vehicles. Anton Schutz and Russell Echlov will serve as co-portfolio managers on the new global long/short strategy.
“The timing of this launch is deliberate. The rest of the world has been much slower to recover from the financial crisis than the US, but we’re now seeing a synchronised uptick in global growth,” says Richard M Burridge,
CUSIP Global Services (CGS) has launched an enhanced version of its popular New Issue Alert Service, CUSIP Pulse, which now provides automated, near real-time updates on any changes to the CUSIP database.
Designed to improve reference data transparency by providing market participants with timely updates on any changes made to the CUSIP database, the new CUSIP Pulse service automatically alerts subscribers when new securities are added, or when a change – such as a corporate action, issue suspension, or maturity date update – is made to an existing record. These updates are provided every 15 minutes, giving market participants near
FactSet, a provider of integrated financial information analytical applications, has formed a strategic relationship with CG Blockchain, a developer of blockchain technology for the investment industry.
FactSet clients will now have access to CG Blockchain products through its BCT Fundstore. CG Blockchain’s current and future clients will also use FactSet’s industry-leading Portware execution and order management capabilities, delivered as FactSet OEMS, for trade execution, analysis, order generation, and compliance efforts.
FactSet OEMS is a configurable, “thinking” order and execution management system designed to act as the central platform for the creation and execution of trading strategies across asset classes.
Liquidnet, a global institutional trading network, and Abel Noser Solutions have launched the pilot of Portfolio Manager Profiling.
The model, when incorporated into Liquidnet’s Virtual High Touch Next Gen algo suite, links historical trade and TCA data with the portfolio manager’s decisions to create a distinct profile for each participating portfolio manager. These profiles are then factored into determining a suggested algo trading strategy via Liquidnet’s Algo Ranking Model (ARM).
“A portfolio manager’s tendencies have always influenced a trader’s execution strategy but being able to consistently replicate a profile pattern used to be a challenge,” says Peter Weiler (pictured),
Brave New Coin, a blockchain and cryptographic assets research company, has launched the General Taxonomy for Cryptographic Assets, the first global classification standard to capture the breadth, depth, and evolution of distributed ledger technology-based assets across industry sectors.
The General Taxonomy is a critical step in the maturation of cryptographic assets as an investment class and is intended as a tool for investors, regulators, asset managers, and developers to better inform their decision making.
Brave New Coin Head of Research, Rafael Delfin, says: “The advent of blockchain technology is enabling mass collaboration across world markets, generating millions of transactions
OpenFin, a desktop operating system built specifically for the needs of capital markets, has publicly contributed code to the Symphony Software Foundation that allows, for the first time, any OpenFin customer to deploy Symphony Chat on the OpenFin operating system.
The integration, currently in beta testing, enables seamless deployment and interoperability of Symphony alongside the expanding ecosystem of applications already running on OpenFin.
The Symphony Software Foundation (the Foundation), is a nonprofit organisation fostering innovation in financial services through open source software (OSS). The OpenFin contribution code is based on a standard developed collaboratively by the Foundation’s Desktop API
The Global Legal Entity Identifier Foundation (GLEIF) has published the first monthly relationship file that matches a Business Identifier Code (BIC) assigned to an organisation against its Legal Entity Identifier (LEI).
With the launch of this open source file, GLEIF and SWIFT have pioneered a cooperation model that, for the first time, enables market participants to link and cross-reference these key entity identifiers free of charge. This will significantly streamline entity verification processes and reduce data management costs.
The BIC-to-LEI relationship file is built upon a mapping process established by SWIFT and certified by GLEIF. It is published on
Hedge funds surged at the start of 2018 as equity markets turned in the strongest January since 1997, despite equity, currency and fixed income market volatility building into month-end.
The HFRI Fund Weighted Composite Index gained 2.8 per cent for the month, the strongest monthly return since December 2010 and the best January return since 2006. The gain extended the streak of consecutive monthly gains to 15 and lifted the record Index Value to 14,465, according to data released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.
While
Man GLG, the discretionary investment management business of Man Group, has appointed Louise Pugh as a portfolio manager for its European Mid-Cap Equity strategy.
Pugh will continue to report to Moni Sternbach, strategy portfolio manager and Head of European Mid-Cap Equities.
Pugh joined Man GLG in 2015 as an analyst for the European Mid-Cap Equity strategy. Previously, she spent five years at Newton Investment Management, where she covered a thematic and value orientated stock picking strategy.
The European Mid-Cap Equity strategy aims to generate positive returns through long and short investments in European mid-cap equities. It employs a
More than half (56 per cent) of executives at hedge fund and PE funds believe regulatory enforcement has decreased under the Trump administration, and 85 per cent view the US regulatory environment as more relaxed than it is internationally.
That’s according to a new study carried out by Koger which also finds that 73 per cent of asset managers cite cybersecurity threats as the biggest risk going forward in 2018, followed by a market correction (67 per cent), geopolitical risks (38 per cent), an economic downturn in the US (31 per cent) and an economic downturn internationally (31 per cent).
