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Quantile Technologies Limited (Quantile) has successfully completed its first compression run at LCH, the world’s largest clearing house for OTC derivatives.
This follows its recent appointment as an Approved Compression Service Provider at LCH’s SwapClear service, the first service provider to be given this status in nine years.
Compression of swap portfolios, where large numbers of transactions can be eliminated while preserving the overall risk profile and valuation, improves efficiency by reducing line items and notional-linked capital. The process has strong support from global regulators. Quantile’s compression service operates alongside its existing counterparty risk reduction platform for non-cleared derivatives, which
Only 42 per cent of EU nationals currently working as investment management professionals in the UK plan to continue working in the country post-Brexit, according to a new survey carried out by CFA Society UK.
Some 16 per cent of the more than 1,100 respondents to the poll plan to leave while the remainder are undecided.
These results are a clear sign of the uncertainty and disillusionment in the profession surrounding the expected repercussions of the Referendum result for the UK market. An overwhelming 91 per cent of EU respondents indicated that they consider the competitiveness of the UK
Opus Fund Services has won the “Best North American Fund Administrator” award at the 2017 Hedgeweek USA Awards which took place on 21 September at the Intercontinental Hotel in Midtown Manhattan.
Jorge Hendrickson (pictured), and John Ruszkowski from the Opus Sales staff were on hand to accept the award.
The annual Hedgeweek Global Awards and Hedgeweek USA Awards recognise excellence among hedge fund managers and service providers around the world.
Apex Group is expanding its service capabilities in the insurance fund market to offer a local full service offering from Bermuda to investment vehicles with insurance and insurance linked securities (ILS).
Heptagon Capital, a USD8.3 billion London based asset management firm, has added the first Long/Short equity manager to its USD2 billion Irish UCITS funds offering.
The Heptagon Kettle Hill US Long Short Equity Fund launched on Thursday 5 October, and assets for this US Small Cap strategy managed by New York based Kettle Hill Capital Management, have already grown to USD90 million.
The investment team at Kettle Hill seeks to generate superior rates of return in any environment, through a combination of value and momentum investing, with a focus on the less efficient small cap sector of the US
CubeLogic, a specialist in business intelligence enabled risk management solutions, has opened anew office in Singapore, its second in the APAC region.
The new office will service the needs of existing APAC clients and provide the ideal base for the continuing expansion of CubeLogic’s business in the region. The office will be headed up by Karl Sees, a seasoned practitioner in the risk management space. With the opening of the Singapore office, CubeLogic now offers its clients a truly global coverage alongside its established operations in London, Houston and Bangalore.
Lee Campbell (pictured), CEO, CubeLogic, says: “Setting foot in
Bloomberg and Castine’s respective research management technology and research payment solutions can now be integrated to provide an end-to-end solution for EU and global asset managers who will be operating under MiFID II guidelines starting January 2018.
The combined solutions allow asset managers to use P&L or client commissions to pay for research, whatever payment methodology the firm decides to use. While several large buy-side firms have elected to use their own funds to pay for research, many buy-side firms will be opting to pay for research using a Research Payment Account (RPA), which is charged to the client.
Wall Street Horizon, an alternative data provider specialising in corporate event intelligence, has launched EventBreaks.
This new service, which covers each of the 40+ event types that Wall Street Horizon tracks, provides granular information around how events move, alerting users to the time, date and substance of corporate event changes.
EventBreaks is available immediately and is included as a free add-on to the Enchilada product suite.
Academic research has been very clear that there is alpha to be gained by understanding the changes to things like shareholder meeting locations, earnings release dates and conference presenters. With EventBreaks, clients
Style Research, a specialist in factor-based equity analytics and portfolio communications, is investing further in Asia Pacific by opening offices in Melbourne and Tokyo and hiring Jamie Spark (pictured), as Managing Director for the region.
For over 20 years, Style Research has been creating and evolving style, risk and performance analytics for equity portfolios. With a client base of over 300 investment institutions in nearly 30 countries, including 16 of the world’s top 25 asset managers, Style Research continues to expand its expertise on a global scale.
The appointment of Spark, who has worked in the funds services industry
Broadridge Financial Solutions has successfully completed a pilot with Natixis and Societe Generale which leverages blockchain technology to enhance the operational efficiency and auditability of bilateral repurchase, or repo, agreements.
The pilot utilises distributed ledger technology capabilities to reduce operational risk for market participants by providing a secure record of repo trade details, reducing the need for reconciliation and removing obstacles to straight through processing. This new blockchain-enabled solution, which automates end-to-end processes, streamlines the repo agreement and confirmation processes, offers a faster and more accurate collateral substitution process, while eliminating time consuming manual interventions, and reduces counterparty risk while
