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Tourmaline Partners, a global institutional trading solutions firm, is expanding its Asia trading team through the opening of a new office in Sydney, Australia.
Tourmaline’s Australia office will be established by James Santo and Neil Hetherington, both hailing from Northern Trust, and joining Managing Director Chris Murphy in providing coverage across the region.
“We are pleased to welcome both James and Neil to the Tourmaline team. Together, they bring a wealth of expertise and industry experience serving the Asia-Pacific market, as we expand our global footprint,” says Aaron Hantman (pictured), Tourmaline’s Chief Executive Officer.
Expanding its reach with
Blockchain hedge fund Diverse Blockchain Partners (DBP) is to utilise the infrastructure and trading technology developed by trading technology company XTRADE.IO (XTRD).
XTRD has developed the same mature technology for cryptocurrency markets that is currently used throughout global financial markets to enable vastly more efficient trading than currently exists.
DBP utilises quantitative investing models to manage portfolios in a variety of different ways. The investment manager believes that combining a number of these investment models in the Partnership may reduce overall risk, or volatility, of the Partnership without reducing expected returns. DBP is owned by its general partner, Diverse Capital
By George Ralph, RFA – Last year was all about the compliance; with MiFID II and GDPR, about understanding your data, knowing where it is, protecting it and how to extract what you need to report to the right authorities, within the nominated timescales.
This year may be a tough year for the alternative investment sector and for hedge funds, with Agecroft Partners, in its annual predictions post, suggested that as many as 90 per cent of all hedge funds do not justify their fees, don’t deliver good returns and could be in danger of closure in this overcrowded market.
The Alternative Investment Management Association (AIMA) has published a GDPR Implementation Guide to help members understand and comply with new EU-wide rules that come into effect on 25 May.
The General Data Protection Regulation (GDPR), which replaces the EU Data Protection Directive, represents the biggest change in EU data privacy law in a generation. Due to the GDPR’s extraterritorial scope, the Guide is relevant to alternative investment managers whether they are based in the EU or elsewhere.
The new rules cover how organisations process personal data and extend to the activities of non-EU organisations that offer goods or services to
The Depository Trust & Clearing Corporation (DTCC) has outlined its vision for the evolution of the US equities market structure, unveiling a series of proposals to provide seamless access to new shortened settlement processing options, both pre-and post-trade.
Following the successful transition from trade date-plus-three days (T+3) to trade date-plus-two days (T+2) settlement last year, one of the last remaining exposures in the settlement system today is time. Time increases the risk of an unpredictable event that could significantly affect the transfer of cash or ownership of securities from the point of execution through settlement.
DTCC proposes to mitigate
Emil van Essen (EvE) will be launching a new alternative investment vehicle combining energy infrastructure MLPs with their established EvE Multistrategy Managed Futures Program.
EvE is a Chicago based firm now in its 10th year running hedge fund strategies for institutional and high net worth clients.
The EvE MLP Yield Capture Program is now available for investment via managed accounts with daily liquidity and fund structures with monthly liquidity to Qualified Eligible Participants. The program will have six core alpha generators that will utilise futures and securities to create a portfolio that will target double digit returns annually. The program
A total of 21 new liquid alternative funds were launched in Q4 2017, including 11 Equity Hedge Funds and five Multi-Strategy Funds, according to the Wilshire Funds Management Q4 Liquid Alternatives Industry Monitor.
Additionally, there were nine liquidations.
The AUM of the Liquid Alternatives Universe increased by USD4.4 billion during Q4 2017 with inflows of approximately USD4.3 billion during the period. The Global Macro space posted slight outflows of USD0.3 billion, reversing the net inflows of USD0.14 billion in the third quarter.
In total, 49 new liquid alternative funds were launched in 2017, including 23 equity hedge funds
Saxo Bank has enhanced it FX Prime offering catering for institutional clients with the launch of full amount execution capabilities running on dedicated infrastructure through the company’s DMA liquidity hubs in London and New York.
Saxo Bank says the new facility ensures a better trade experience and lower market impact for large orders in FX and precious metals. Demand has been driven by growth in small to mid-sized institutional clients turning to Saxo for direct market access and liquidity optimisation services.
Lucian Lauerman (pictured), Global Head of Electronic Distribution, says: “We have grown our Prime of Prime business quite
The Preqin All-Strategies HedgeFund Benchmark generated 1.15 per cent in December, according to the latest Preqin Hedge Fund Performance Update.
In addition to pushing the benchmark’s annual return to its highest level since 2013, the positive end to the year also marks the first time the Preqin All-Strategies Hedge Fund benchmark has recorded a positive return during every month of a calendar year.
Funds focused on the Asia-Pacific region were the top performers of 2017, with the region delivering its strongest annual performance this decade (18.66 per cent), up from the 2.37 per cent generated in 2016.
Funds
ACA Compliance Group has expanded its team of over 185 compliance professionals with new employees who have extensive industry experience.
Robert Horvath is a Senior Compliance Consultant based in San Francisco. Robert served as Securities Compliance Examiner with the US Securities and Exchange Commission (“SEC”) and as CCO at Standard Pacific Capital, LLC, Lateef Investment Management, LP, and ABR Investment Strategy, LLC.
Lior Kosovski is a Principal Consultant based in the Los Angeles office. Lior was a Corporate, Investment Funds, Advisers and Derivatives Associate for Sidley Austin, LLP. He later worked as General Counsel, Chief Compliance Officer for Commonwealth
