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The SS&C GlobeOp Forward Redemption Indicator for September 2017 measured 3.72 per cent, up from 3.55 per cent in August.
“SS&C’s Forward Redemption Indicator for September 2017 fell to 3.72 per cent as compared to the 4.22 per cent reported for the same period a year ago in September 2016. This decline marks the eighth consecutive month of year-over-year improvement in redemption notices,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “It’s noteworthy that these gains in asset retention have been made in a year of generally bullish financial market performance, indicating that investors are confident that
SIX Swiss Exchange has joined the xyt hub to provide high quality tick data to its trading participants, enabling them to develop, evaluate and backtest new trading and execution strategies while providing greater transparency over trading activity.
Connected to more than 100 venues globally and across asset classes, the xyt hub launched in September 2017 to enable the global trading community to integrate tick data and analytics in a more convenient and cost-effective way, via a single API. The xyt hub allows trading firms to consume, analyse and visualise all the data they require through cloud-based technologies, featuring Data-as-a-Service and
Third Financial Software (TFS) has completed the next major release of its Tercero software, which focuses on compliance under the forthcoming MiFID II regime. TFS is in the process of upgrading all customers to be in line with the regulatory changes.
Managing Director, Ricky Ali (pictured), says: “In building these significant and essential enhancements into the core foundation of our Tercero software, we drew on contributions from multiple investment firms and external consultants, including PIMFA, and developed the most relevant and useful solution for the wide range of regulatory requirements under MiFID II.”
The new release targets all of the essential MiFID
Banca Generali and Saxo Bank are to establish an exclusive partnership to offer online trading and digital services.
The objective is to offer clients, on an exclusive basis for the Italian market, access to an innovative platform for advanced trading, based on Saxo Bank’s technology and managed by a newly established SIM owned by Banca Generali and Saxo Bank.
The new platform will enhance the offering available to Banca Generali financial advisors, allowing the access to tailor-made operations and to innovative solutions of dynamic hedging that can be offered to both private and corporate clients. This is a further
Optima Fund Management, a fund of hedge funds and hedge fund allocation firm, is making its Optima STAR Long Strategy available in Europe.
STAR Long Strategy offers investors the opportunity to benefit from the highest-conviction stock positions held by Optima’s pick of leading American hedge funds without facing the high-charges and low liquidity that direct participation in such funds inevitably involves.
Focusing on managers working with US equities and American Depositary Receipts (ADRs), Optima has matched its own long experience in investing with the top managers with a lateral approach to the interpretation of US investment regulations, specifically those
Phoenix American Financial Services has appointed Justin Deitrick (pictured), as Senior Vice President, Fund Accounting. Deitrick will be responsible for leading the company’s fund accounting team and developing and maintaining an expanded client base for this division which provides accounting, reporting and tax document production services to alternative investment funds.
Joe Horgan, who formally led this division, says: “With the phenomenal amount of growth we have experienced in the aircraft securitisation division in the last few years, Justin’s hire could not come at a better time as it will allow me to focus 100 per cent of my time to the
By George Ralph, RFA – Firms which may be considering a move, partial or otherwise, to cloud-based services, will need to work through a checklist to ensure all the bases are covered, that the firm is not exposed to any forthcoming regulations, and that the data will be adequately protected.
It’s a common misconception that the cloud is not as secure as on-premise infrastructure. This is perpetrated by high profile stories of data breaches and compromised security, and the fear is widespread. According to Alert Logic’s Cybersecurity Trends 2017 Spotlight Report, which surveyed companies in the UK, Benelux and Nordics,
Preqin’s latest survey of hedge fund investors finds that the proportion of institutions that feel their hedge fund portfolios have met or exceeded their performance expectations has doubled in the past 12 months.
In June 2016, just 21 per cent of investors reported that their portfolios had reached expectations, but this has risen to 45 per cent as of June 2017. More than half of investors now have a positive or neutral view of the industry, and a third expect performance to improve over the next 12 months. However, investor concerns have not entirely subsided: more than a third have
DNCA, an affiliate of Natixis Global Asset Management, has appointed Pascal Gilbert and François Collet, two well-renowned international absolute return bond fund specialists.
The appointments of Gilbert and Collet round out DNCA’s Absolute Return teams, while extending its bond portfolio management capabilities. This new team will enable DNCA to offer new absolute return strategies on international bonds.
Gilbert, 54, has held various posts since 1988: head of proprietary trading at Banque Fédérative du Crédit Mutuel, then euro area bond portfolio manager at Banque de Financement et de Trésorerie. He joined La Française des Placements in 2001 (which later became
The Hedgeweek USA Awards 2017 for excellence among hedge fund managers and service providers celebrate the achievements of firms that contributed to another significant year for the sector.
The winners, who were presented with their awards in New York today (21 September), were decided by a poll of Hedgeweek readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors. The final winners in both the manager and service provider categories were confirmed by the Hedgeweek team.
The industry’s achievements are reflected in the winners
