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Palmerston Capital, the credit-focused alternative investment manager, has implemented Watson Wheatley’s iRecs reconciliation solution.
Specialists in securities reconciliation, Watson Wheatley has used its own in-house implementation team to interface with Orchestrade, Palmerston’s portfolio management system, and external data sources to provide a comprehensive daily reconciliation solution. The fully automated system allows total control and remediation of daily breaks as well as comprehensive integrity checking of position and cash movements against underlying transactional data.
Jesse McCormick, COO at Palmerston Capital, says: “iRecs has become a core element of our control environment, enhancing historic and internally developed processes, and enabling us
Alpha UCITS has boosted assets on its Alpha UCITS Platform, passing the USD0.75 billion mark this month. Distribution is, to many managers, the key attraction of using UCITS platforms and Alpha UCITS has been a leading UCITS placement agent for nine years.
Before launching its own platform four years ago, Alpha UCITS had already raised significant assets for various blue-chip managers, amongst which funds on other large UCITS platforms. The recent growth in Alpha UCITS Platform assets comes mainly from institutional investor inflows into the Amber Equity Fund and the Fair Oaks Dynamic Credit Fund.
Stephane Diederich, CEO of
The Lyxor Hedge Fund Index was up 1.1 per cent in September with six out of 10 Lyxor indices in positive territory for the month, according to Lyxor’s latest Alternative Investment Industry Barometer.
Long Term CTAs outperformed due to rates, followed by Variable bias L/S equity funds, in particular US and EM specialists. Global Macro also recovered due to commodities and equities.
“Prospect of ECB normalisation, a firming Eurozone growth, and hopes for reforms coalesced to send EUR above 1.2,’ says Jean-Baptiste Berthon (pictured), Senior Cross-asset Strategist, Lyxor Asset Management. “Draghi did not put his weight to stop it.
Subscribers to alternative fund data provider and research house Eurekahedge are now able to access the company’s data via the IRHalo investor relations platform which provides hedge funds with an automated and secure solution for reporting to their clients.
IRHalo features a flexible CRM designed for the needs of asset managers, coupled with the automatic updating of fact sheets and websites with the latest performance and analytics information. Clients of IRHalo and Eurekahedge are now able to use Eurekahedge funds data as part of the analytics and reporting they provide to end investors.
IRHalo is configured to support the
Cayman-based alternative fund governance specialist Danesmead Partners has appointed ex Goldman Sachs Executive Director Emma Stevens as a principal of the firm, and to head up its London office.
Stevens (pictured), will serve as a consultant and independent director to startup and established alternative investment groups, as well as serving as the head of European Business Development for Danesmead.
With over 14 years’ experience at Goldman Sachs both as an Executive Director in the Prime Brokerage Consulting group (with a focus on regulation, corporate governance & operational due diligence), and as head of Prime Brokerage Compliance EMEA, Emma has
New research by the law firm Seward & Kissel into the hedge fund industry’s use of side letters – special agreements between hedge funds and their investors – shows a dramatic increase in side letter deals with newer asset managers.
The Seward & Kissel 2016/17 Hedge Fund Side Letter Study reveals a sharp rise in side letters agreed to by hedge fund managers in business for less than two years. That rate nearly doubled from last year, when Seward & Kissel’s inaugural side letter study put it at 13 per cent of all funds within the study.
The study
SteelEye, a compliance technology and data analytics firm, has partnered with specialist Swiss financial firm, Anchor Group, to bring its MIFiD II cloud-based solution to the Swiss markets.
The new partnership will see SteelEye establish a presence in Switzerland in order to help Swiss firms meet their regulatory obligations under MiFID II and other key regulatory directives. It marks the first step in SteelEye’s international expansion, with further EU offices planned.
Anchor Group is one of Switzerland’s leading independent and regulated investment firms supporting mid-market banks, family offices and wealth managers across the country. With offices in Zurich and
Investors based in Australia & New Zealand allocate to alternative assets at a lower rate than the global average: 61 per cent of investors based in these countries allocate to at least one alternative asset class, compared to 78 per cent of investors globally.
However, just 40 per cent of investors in Australia & New Zealand allocate to private equity, 16 percentage points below the rate for global investors. Conversely, the proportions of investors based here that allocate to infrastructure and natural resources funds are 16 and 18 percentage points respectively above the global average.
This trend is mirrored
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for August 2017 measured 0.90 per cent.
Hedge fund flows meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.13 per cent in September.
“SS&C GlobeOp’s Capital Movement Index rose 0.13 per cent for September 2017 indicating positive net flows into hedge funds,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “While this increase was smaller than the 0.39 per cent reported for the same period a year ago in September 2016, the result shows that hedge funds can attract assets even in
By George Ralph, RFA – The use of Artificial Intelligence is becoming decidedly commonplace. Wikipedia describes AI research as “the study of intelligent agents: any device that perceives its environment and takes actions that maximise its chance of success at some goal.” AI is often used interchangeably with Machine Learning, which is described as the subfield of computer science that, according to Arthur Samuel, gives “computers the ability to learn without being explicitly programmed.”
Machine Learning more accurately describes the technology that we are seeing more and more often in the IT industry, with machines programmed to have neural networks,
