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Nearly half (45 per cent) of institutional investors say that have lost money by missing a trading opportunity due to an incorrect event date, with forty per cent suffering five-figure losses and several reporting missing out on millions of dollars.
That’s according to Wall Street Horizon’s Corporate Event Research Survey, which polled over 100 institutional market participants, nearly two-thirds of whom were quantitative or discretionary fund managers. Several respondents have suffered losses in the millions.
Knowing when an event changes – both for alerting and back-testing purposes – is functionality that an overwhelming majority (80 per cent) would like
IndexIQ’s hedge indexes’ results for August 2017 revealed the top performing index as the IQ Hedge Multi-Strategy Index, up 0.67 per cent in the month, followed by the IQ Hedge Long/Short Index, which returned 0.56 per cent in the period.
August saw the first decline in an index in several months, with the IQ Merger Arbitrage Index falling -0.78 per cent. The IQ Merger Arbitrage Index, which underlies the ETF MNA, a five-star Morningstar rated fund, recently passed the USD250 million asset mark.
“August saw the Dow cross 22,000 for the first time, driven by strong earnings, low interest rates,
The Hedge Fund Standards Board (HFSB), the global standard-setting body for the alternative investment industry, has changed its name to the Standards Board for Alternative Investments (SBAI).
The new name reflects the evolution of the industry and the ongoing development of the SBAI as it enters its second decade.
The SBAI originated in June 2007 when a group of leading alternative investment managers formed the Hedge Fund Working Group to develop industry standards in areas such as disclosure, valuation, risk management, governance and shareholder conduct. In January 2008, the Hedge Fund Standards Board was established as a non-profit organisation
Post Advisory Group, a multi-strategy asset management firm majority-owned by Principal Financial Group, is to build a collateralised loan obligation (CLO) management business led by newly hired Bill Lemberg.
Lemberg recently joined Post from Alcentra Group where he was a managing director and head of Alcentra’s US Loan business.
Post has grown its assets under management significantly over the last three years – from less than USD10 billion in 2014 to approximately USD17 billion today. The addition of CLOs builds on Post’s current investment expertise and product offerings.
“We are excited to partner with Bill Lemberg to start
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned 0.38 per cent in August, outperforming the 0.29 per cent monthly return of the HFRX Global Hedge Fund Index.
The Wilshire Liquid Alternative Index family is a joint offering between Wilshire Funds Management, the global investment management business unit of Wilshire Associates Incorporated, and Wilshire Analytics, creator of the Wilshire 5000 Total Market Index.
“Capital markets were mixed in August, mirroring heightened geo-political tensions and some mixed economic data,” says Jason Schwarz (pictured), President of Wilshire Funds Management. “As
S&P Global has formed a strategic partnership with, and taken a minority stake in Algomi, a fintechcompany with offices in New York, Hong Kong and London.
Algomi is the second minority fintech investment this year for S&P Global, following its stake in Kensho. S&P Global will have a seat on the Algomi board.
Algomi has created a bond information network that enables buy side and sell side firms, as well as exchanges, to harness data to improve financial trading decisions via greater transparency and artificial intelligence-powered trade facilitation. S&P Global’s partnership with Algomi will help facilitate product collaboration and
SS&C Technologies has launched a new Exception Management and Workflow solution for Geneva, which enables clients to pre-emptively detect, manage, prioritise, resolve, and report exceptions based on client selected data quality rules, thereby increasing efficiency and reducing operational risk.
Service providers, asset managers, and hedge fund managers depend on Geneva as their core technology platform, and until today, have relied on manual or external processes to ensure that the quality of data within Geneva meets their internal audit controls. With the new Exception Management and Workflow tool for Geneva, the quality assurance process for a variety of data is automated.
Pre-order subscriptions for Finles Capital’s FundCoin ICO are now open, with a full launch to follow on 30 September 2017. Finles Capital aims to distribute EUR100 million from the ICO and to invest in the Lowestoft Private Equity fund.
This Fund will invest in the blockchain industry via several VC companies as well as in traditional high yielding and other private equity investments. FundCoin holders will be able to benefit from the exposure to a sector that is set to grow at 58% CAGR by 2023 according to Allied Market Research, while being underpinned by a safer, more stable asset
AlphaCentric has surpassed USD1 billion in assets under management. The growing mutual fund company, which launched in 2014, offers alpha-driven and hedge-fund like strategies in a mutual fund format.
AlphaCentric offers five mutual funds that were launched based on proven investment strategies, including one hedge fund that was converted to a mutual fund.
“We launched AlphaCentric to provide all investors access to actively-managed, uniquely focused investment strategies,” said Jerry Szilagyi (pictured), CEO and co-founder of AlphaCentric. “Our growth over the last three years to reach one billion dollars in assets is a testament to both the success of our
Thomson Reuters, in partnership with Visible Alpha, has launched multiple joint-solutions in its flagship financial desktop Eikon that will help enable financial institutions to further manage impending MiFID II research unbundling requirements, set to be implemented 3 January, 2018.
These tools, complementing Eikon’s already robust research solutions, allow buy-side professionals to track corporate access and sell-side interactions, manage the research valuation process, review and vote on research provider value as well as manage inducements. All of the following capabilities will be available in Eikon.
Visible Alpha’s ONEaccess Resource Tracking application enables Eikon users to monitor, integrate and analyse their
