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SBL Network (SBL), a new fintech company created to provide transaction and information services to the global capital markets industry, is to launch a peer-to-peer securities lending platform.
SBL has raised approximately GBP1 million this year via two EIS-qualifying funding rounds and now plans to launch the Aquila Network in response to the growing demand for greater transparency in the securities lending marketplace.
Aquila Network provides the first market place allowing major institutional owners of equities such as Pension Funds, Insurance Companies and Sovereign Wealth Funds, to negotiate and lend directly to Hedge Funds. Participants will be able to
The Lyxor Hedge Fund Index continued its recovery in October advancing +2.3 per cent, with six out of nine of Lyxor’s indices recording strong results.
CTAs were the primary beneficiaries of the momentum in global equities. They also thrived from their long allocations in EU bonds and energy.
Variable L/S Equity and Event Driven funds also delivered strong results, while quant funds lagged amid record low volatility and reduced factor differentiation. Their reinforced sector neutrality also deprived them from the strong pulse in momentum and high beta.
“Higher stock dispersion in most regions and low correlations are positive
Well over 150 members of Canada’s alternative investment industry and broader financial community gathered at Baro Restaurant on Thursday, 2 November for the 14th Annual HFC Toronto Benefit – a special fundraising gala organised by Hedge Funds Care Canada/Help for Children.
To date, HFC Canada has raised more than CAD1.6 million and has provided 57 grants in support of organisations that are committed to the protection and healing of children. All proceeds raised from the gala will go to support local and national charities dedicated to the prevention and treatment of child abuse.
This year, HFC Canada distributed CAD132,000
GAM has appointed Owen Job as investment manager to work on its absolute return fixed income team, with particular focus on macro themes.
Owen has spent over 12 years in investment management, mainly within the macro strategy space. He joined on 6 November 2017 from Soros Fund Management and is based in London.
Tim Haywood (pictured), investment director and business unit head, fixed income, says: “Owen joins with considerable macro strategy experience spanning more than a decade – he will further strengthen our proposition regarding theme generation and positioning across asset classes. Owen’s appointment underlines our dedication to active
New research by TORA, conducted in conjunction with Aite Group, has found that financial firms underestimate Total Cost of Ownership (TCO) and the costs their sell-side trading partners are absorbing on their behalf.
Lifting the Curtain on OMS/EMS Total Cost of Ownership examines the explicit and implicit costs of these systems and is based on in-depth interviews with heads of trading, chief technology officers and chief operating officers at global hedge funds. OMS/EMS TCO is a key consideration for all buy-side firms including long-only, pension funds, family offices and hedge funds. The research is designed to help firms understand the
Hedge Funds extended their winning streak to 12 months with a 0.96 per cent gain in October, according to the Barclay Hedge Fund Index. The index is up 8.31 per cent for the year and has gained 10.40 per cent since the current winning streak began in November 2016.
“Strong global equity markets continued to fuel broad based hedge fund gains,” says Sol Waksman (pictured), founder and president of BarclayHedge. Fourteen of Barclay’s 17 hedge fund indices registered positive returns for the month.
“Driven by positive earnings reports, the S&P 500 and NASDAQ both ended the month at new
By George Ralph, RFA – Start-up hedge funds have a lot to think about; from the crucial raising of initial capital and building up a client base, to finding the right team of people and ensuring that everything you are doing is fully compliant with every regulatory requirement.
Investopedia lists the key areas of concern for hedge fund start-ups as; building a competitive advantage, defining a clear strategy, raising capital and seed capital, pulling together a comprehensive marketing and sales plan, addressing risk management, ensuring compliance and organising legal assistance and deciding whether to use a prime broker. With my
Operational Due Diligence Solutions Provider Shadmoor Advisors has appointed Brad Stehle as Managing Director.
An alternative investment industry veteran with almost 20 years’ experience, most recently serving as Director at Unigestion, SA, and formerly with Citigroup, Bank of New York, and Deutsche Bank, Stehle provides Shadmoor’s clients with deep, senior-level operational due diligence expertise across various hedge fund, private equity, long-only, and private real estate strategies.
“Sophisticated investors are increasingly focused on the need to complete operational due diligence across all asset classes, both at the inception of an investment and on a regular basis throughout the life
NEX Regulatory Reporting is to apply to become a trade repository for the Securities Financing Transactions Regulation (SFTR) and launch a dedicated reporting solution, pending the issuance of the final technical standards from ESMA.
NEX Regulatory Reporting will in time add the SFTR trade repository and solution to its Global Reporting Hub to provide clients with an end-to-end solution for the securities lending and repo markets. The SFTR trade repository will be built and hosted in the cloud to ensure client data is processed and stored in a highly secure and robust environment.
Leveraging the NEX portfolio of services,
The Derivatives Service Bureau (DSB) has reported a steady rise in registrations since its launch on 2 October, with increasing numbers of firms looking to sign up in time for the implementation of MiFID II on 3 Jan 2018.
As the industry’s first fully automated OTC derivatives reference data utility, there has been strong and rising interest for programmatic connectivity from swap market participants. Activity amongst technology vendors has also been strong, with many referring their own end-users to the DSB to discuss the best user model for each, including the use of the DSB’s free open-data.
In the first
