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The SS&C GlobeOp Forward Redemption Indicator for November 2017 measured 3.91 per cent, up from 2.69 per cent in October.
“SS&C’s Forward Redemption Indicator continues to trend favourably on a year-over-year basis, coming in at 3.91 per cent for November 2017, compared to 4.25 per cent a year ago for November 2016. This marks the tenth consecutive month of year-over-year improvement in hedge fund redemption notices,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “These gains in asset retention demonstrate that investor confidence in hedge fund managers remains high.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of
Singapore Exchange (SGX) has welcomed Hong Kong-based Qantex Capital Markets (Qantex Capital) as the latest Derivatives Trading Member of Singapore Exchange’s (SGX) derivatives market.
Michael Syn, Head of Derivatives at SGX, says: “We warmly welcome Qantex Capital to our expanding derivatives market and look forward to their participation as we continue to grow our global distribution.”
Simon Harman, CEO of Qantex Capital, says: “We are pleased and honoured to be admitted as a Derivatives Trading Member of SGX. SGX plays a key role in the development of the derivatives markets both globally and within Asia, and we look forward
FlexTrade Systems, a specialist in cross-asset execution and order management systems, has launched an enhanced version of its multi-OMS aggregation functionality, an in-built feature of the FlexTRADER EMS, which allows users to merge and net orders across multiple OMSs regardless of the underlying version or implementation.
“With a number of major asset manager mergers over the past few years bringing together a variety of OMS technologies, we have seen a surge of interest in FlexTRADER’s unique abilities in cross-OMS order aggregation,” says Oliver Boatfield (pictured), EMEA Sales Director at FlexTrade UK.
Along with the ability to dynamically merge orders
Michael Potts, managing partner at Byrne and Partners, comments on the news that the number of cases opened by the FCA doubled between 2014 and 2017…
These statistics represent a clear shift in both the behaviour of the FCA and whistleblowers as a whole. Two things are apparent; the increasing effort by the FCA to open more cases (and earlier) to demonstrate its policy of “credible deterrence”; and the climate for whistleblowers in the UK becoming increasingly hostile, showing no signs of curtailing.
A common misconception is that whistleblowers are either acting out of self-interest, or have ‘defected’ from
Hedge fund capital invested in Emerging Markets (EM) rose to a record level to begin Q4 2017, with the primary contribution coming from the industry-leading performance of Chinese hedge funds.
Total EM hedge fund capital increased to USD223 billion (RMB1.48 trillion, BRL730 billion, NIR14.5 trillion, RUB13.2 trillion, and SAR834 billion), according to the latest HFR Emerging Markets Hedge Fund Industry Report. As previously reported by HFR, total hedge fund capital globally increased to a record of USD3.15 trillion to begin Q4 2017.
Chinese hedge funds have led EM hedge fund performance for 2017, with the HFRI EM: China Index
By Nick Bayley (pictured), Duff & Phelps – I was recently in New York advising a large sell-side institution on the potential impact of MiFID II. During that meeting, I was talking through why the legislation was being introduced and reflected that it’s now nearly 10 years since the financial crisis, yet still we haven’t some of the regulatory mechanisms in place in Europe.
Be that as it may, there seems to be a lot of misinformation flying around about how MiFID II will impact third countries. Some may be keen to over-hype the regulation and the terrible impact it
Esprow Pte, a provider of enterprise testing technology for the financial markets, has opened a new office in New York to support the company’s growing client base in North America.
The latest US clients include OpenDoor Securities and a bulge bracket global investment bank.
OpenDoor is the first all-to-all, anonymous, session-based, market-based solution for Off-the-Run US Treasuries and TIPS. Using Esprow ETP automated testing solutions, OpenDoor is deploying their FIX gateway with a diversified client base that includes central banks, pension funds, sovereign wealth funds, primary dealers, asset managers, hedge funds, and trading firms.
The latest addition to
Corgentum Consulting, a provider of integrated operational due diligence reviews and background investigations, has expanded its suite of background investigation services for investors seeking to evaluate reputational risk at fund managers.
Corgentum’s offering now includes social media and expanded web searches. including analysis and monitoring of social media related to funds and key personnel including Facebook, Twitter, LinkedIn, deep web and dark web searches, as well as ongoing investigative monitoring which covers background developments with global watchlist notifications including monitoring of traditional media, court filings, regulatory and arrest records.
In addition, Corgentum offers flash reports – red flag report
Guardian Capital Group Limited is to acquire a significant majority interest in Alta Capital Management, an investment management firm based in Salt Lake City, Utah, USA.
Under the agreement, Guardian will acquire 70 per cent of Alta. The consideration to be paid on closing is USD45 million, with additional contingent amounts of up to USD10 million payable over four years from closing. The transaction is expected to close in early 2018, subject to regulatory approvals.
The acquisition, which is expected to add over USD3 billion to Guardian’s assets under management, is in line with its strategic plan to add
Hedge fund performance took a small hit in recent days on the back of adverse market developments and trend reversals, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team.
Lyxor writes that higher risk aversion was not related to specific earnings miss or macro disappointments. Instead it looked liked investors were securing gains after several quarters of strong performance for risk assets. As the earnings season is coming to an end and the US tax reform blueprint is likely to be less ambitious than expected, investors have a higher tendency to err on the side of caution.
