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The SS&C GlobeOp Forward Redemption Indicator for January 2018 measured 2.20 per cent, down from 4.18 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator for January was 2.20 per cent, down from 2.60 per cent for the same period a year ago for January 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This very favourable result marks the twelfth consecutive month of improvement in year-over-year redemption notices. Hedge funds are beginning 2018 with strong tailwinds with respect to asset retention.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in
White Oak Equity Partners (White Oak), a private equity firm that purchases minority GP interests in alternative asset managers, has acquired a minority interest in Blueshift Asset Management, a quantitative investment firm focused on statistical arbitrage and high-frequency trading strategies.
White Oak led a group of strategic investors who provided the equity capital to launch Blueshift’s business and trading activities. Terms of the transaction have not been disclosed.
Prior to launching the Firm, the Blueshift team, led by Chief Executive Officer and Chief Investment Officer Mani Mahjouri (pictured), managed the asset management activities of Tradeworx, a financial technology firm.
Alpine Macro, an independent investment strategy research firm dedicated to providing actionable analysis, insights, forecasts and investment recommendations, has added veteran China and Asia Strategist Yan Wang to its research team.
As a Partner and Chief Emerging Markets/China Strategist, Wang (pictured), will be heading Alpine Macro’s Emerging Markets and China (EMC) research and will spearhead Alpine Macro’s next product, the EMC Strategy, which will be launched in due course. Previously, Yan spent 15 years at BCA Research where he was the firm’s Chief China Strategist and Managing Editor of BCA China Investment Strategy from 2005 to 2017.
“We are
FIX Trading Community has released the FIX-over-TLS (FIXS) standard and guidelines to assist users of the FIX Protocol meet certain security requirements.
FIXS is part of a larger programme of work that the FIX Trading Community initiated in response to the heightened cyber security challenge. The issue for members is how to understand the cyber security landscape, how to respond to the general deterioration and an increased specificity of threats, in a manner that anticipates or leads legislative and regulatory responses.
FIXS is a technical standard that specifies how to use the Transport Layer Security (TLS) protocol with FIX.
Seabury Global Markets (SGM), a US-based provider of FX/PM trade execution solutions, has teamed up with UK-based boutique ECN eFX brokerage Parabellum Markets (Parabellum), to launch Parabellum Americas.
This strategic alliance aims to position Parabellum as a major global electronic broker and a unique source of liquidity in the FX marketplace focused on serving the Americas region. Through this joint venture, Parabellum will be able to present a clear, full eFX product deployment strategy in a scalable fashion to multiple venues globally. By using Parabellum’s high-touch liquidity management skills, SGM’s established distribution footprint, and Seabury Capital’s global reach, this strategic
Aquis Technologies, the financial and regulatory technologies services arm of Aquis Exchange, has been chosen by UBS MTF as its supplier of market monitoring, surveillance and reporting software.
Aquis will provide UBS MTF with its state-of-the-art Aquis Market Surveillance (AMS) and the RTS 27 reporting software as required since the implementation of MiFID II at the start of January 2018.
Aquis Technologies creates and licenses a cost-effective, high volume, low latency matching engine and real-time market monitoring and surveillance technology for banks, brokers, investment firms and exchanges. In Europe there is particular demand for compliance and surveillance systems as
CoinShares Group, the company behind the first bitcoin and ether exchange traded notes (Issued by XBT Provider AB) and the team behind the world’s first regulated bitcoin strategy (GABI), is launching two new flagship crypto investment funds.
CoinShares says that the CoinShares ‘Active’ Fund – a multi-coin, alpha-generating, active strategy – and CoinShares ‘Large Cap’ Fund – a passive, large-cap, basket fund – represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy.
The new funds follow the group’s October launch of the first Ether Tracking, Exchange Traded Products on Nasdaq Stockholm, which
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.
