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Despite redemptions of USD2.5 billion from hedge funds in September, Q3 ended with USD12.5 billion of inflows and the industry sitting at an all-time peak AUM, according to the latest Hedge Fund Industry Asset Flow Report from eVestment.


The proportion of funds losing assets in September was the highest of the year, and highest since December 2016. However, the proportion of managers who lost greater than 2 per cent, or greater than 5 per cent of their total AUM due to outflows was nowhere near the level seen in December. The proportion of all funds that lost greater than 2
Apex Group’s Apex Fund Services is to acquire Deutsche Bank’s Alternative Fund Services (AFS) business, a deal that will add USD170 billion in AUA and make Apex the eighth largest fund administrator in the world, and the largest independent administrator.
The deal reveals the rapid expansion of Apex since the company was recapitalised by Genstar Capital and simultaneously acquired Equinoxe Alternative Investment Services. The purchase of the AFS business is the most recent significant step in Apex’s movement towards its stated goal of being a top five global fund services business.
Apex’s global reach and connected operating model opens
Lightkeeper took the top prize for “Best North American Data Visualization Provider,” at the Hedgeweek USA Awards 2017, which mark the achievements of hedge fund managers and service providers.
The winners were decided by a poll of Hedgeweek readers, which includes both investors and hedge fund managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants, and fund distributors.
Danny Dias, Lightkeeper CEO, says: “We are grateful to Hedgeweek – and the hedge fund community as a whole – for recognising Lightkeeper as the leading data visualisation software provider. Our software
The first annual HFC Rocks to Fight Child Abuse concert in support of Help For Children (HFC) is taking place on 26 October, 2017 at the Highline Ballroom in New York.
The concert, which is being backed by some major players in the alternative investment industry, will feature The Goo Goo Dolls, with special guest The Record Company.
Help For Children (HFC), established in 1998 as Hedge Funds Care, is a global foundation supported by the alternative investment industry. Its sole mission is to support efforts to prevent and treat child abuse. Help For Children raises money and awards grants in
SteelEye, a compliance technology and data analytics firm, has joined EY’s Fast Growth Platform, which provides a unique suite of services and support to drive the development of fast-growing tech companies.
This will help SteelEye expand its capabilities and enhance its capacity to assist its clients in meeting their regulatory obligations.
Launched in July 2017, EY’s Fast Growth Platform provides a three-tiered, tailored programme that includes start-up, scale up and global support. It offers emerging tech companies a range of services at each stage of their journey to help spur their expansion, including financial forecasting, growth planning, strategic support,
New research from NPL, the UK’s National Measurement Institute, has shown a lack of awareness in the UK financial services sector around the new European Markets in Financial Instruments Directive (MiFID II) ahead of its imminent deadline, and many firms may fall short of compliance by employing inefficient means of timestamping.
The regulation, set to be implemented on 3 January 2018 will aim to provide harmonised regulation to improve transparency in trading across the European Economic Area and includes regulatory technical standards (RTS 25) that will require all trades to be timestamped to Coordinated Universal Time (UTC) with a high
JonesTrading Institutional Services has appointed Bob Becker as a Managing Director, Head of Capital Introduction based in New York.
In this role, Becker (pictured), will be responsible for building the firm’s Capital Introduction offering – the focus will be on alternative investment managers, institutional investors, and family offices. Becker has held similar senior roles at other firms including Jefferies. He has also previously worked in the outsourced COO/CFO industry and on the buyside including launching and managing his own hedge fund.
JonesTrading is a relatively new but rapidly growing player in the Outsourced Trading and Prime Services businesses after
Steady performance and investor inflows through Q3 2017 increased total hedge fund capital to a fifth consecutive record quarterly level, as global economic growth prospects improved despite continued elevated geopolitical risks.
Total hedge fund industry capital rose to a record USD3.15 trillion, an increase of USD50 billion over the prior quarter, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index gained 2.3 per cent in Q3 2017 and is up 5.9 per cent YTD, led by the HFRI Equity Hedge (Total) Index,
Colt Technology Services is to provide direct connectivity between trading venues in Tokyo and Chicago for the Japan Exchange Group’s new inter-exchange service dubbed JPX-Chicago Co-Location Direct.
The new service, powered by Colt’s dedicated, ultra-low-latency IQ Network, links JPX’s data centre in Tokyo with the Aurora and Cermak data centres utilised by major exchanges in Chicago.
The new agreement between JPX and Colt continues a long-standing partnership between the two organisations. It is a partnership that has seen the establishment of high-speed digital connectivity between premier trading venues such as the Tokyo Stock Exchange, the Singapore Exchange and others,
Northern Trust has released a white paper outlining key steps investment managers and investors can take to potentially achieve greater transparency in alternative investments such as hedge funds, private equity, infrastructure, real estate and natural resources.
The paper, ‘Alts Transparency: Finding the Right Balance’, is a follow-up to an industry-wide survey conducted earlier this year by The Economist Intelligence Unit for Northern Trust, which confirmed that transparency remains a top priority among alternative investors.
“A decade after the global financial crisis highlighted the risks of large allocations to opaque, illiquid assets, the industry continues to struggle with standards of
