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SteelEye, a compliance technology and data analytics firm, has joined EY’s Fast Growth Platform, which provides a unique suite of services and support to drive the development of fast-growing tech companies.
This will help SteelEye expand its capabilities and enhance its capacity to assist its clients in meeting their regulatory obligations.
Launched in July 2017, EY’s Fast Growth Platform provides a three-tiered, tailored programme that includes start-up, scale up and global support. It offers emerging tech companies a range of services at each stage of their journey to help spur their expansion, including financial forecasting, growth planning, strategic support,
New research from NPL, the UK’s National Measurement Institute, has shown a lack of awareness in the UK financial services sector around the new European Markets in Financial Instruments Directive (MiFID II) ahead of its imminent deadline, and many firms may fall short of compliance by employing inefficient means of timestamping.
The regulation, set to be implemented on 3 January 2018 will aim to provide harmonised regulation to improve transparency in trading across the European Economic Area and includes regulatory technical standards (RTS 25) that will require all trades to be timestamped to Coordinated Universal Time (UTC) with a high
JonesTrading Institutional Services has appointed Bob Becker as a Managing Director, Head of Capital Introduction based in New York.
In this role, Becker (pictured), will be responsible for building the firm’s Capital Introduction offering – the focus will be on alternative investment managers, institutional investors, and family offices. Becker has held similar senior roles at other firms including Jefferies. He has also previously worked in the outsourced COO/CFO industry and on the buyside including launching and managing his own hedge fund.
JonesTrading is a relatively new but rapidly growing player in the Outsourced Trading and Prime Services businesses after
Steady performance and investor inflows through Q3 2017 increased total hedge fund capital to a fifth consecutive record quarterly level, as global economic growth prospects improved despite continued elevated geopolitical risks.
Total hedge fund industry capital rose to a record USD3.15 trillion, an increase of USD50 billion over the prior quarter, as reported today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index gained 2.3 per cent in Q3 2017 and is up 5.9 per cent YTD, led by the HFRI Equity Hedge (Total) Index,
Colt Technology Services is to provide direct connectivity between trading venues in Tokyo and Chicago for the Japan Exchange Group’s new inter-exchange service dubbed JPX-Chicago Co-Location Direct.
The new service, powered by Colt’s dedicated, ultra-low-latency IQ Network, links JPX’s data centre in Tokyo with the Aurora and Cermak data centres utilised by major exchanges in Chicago.
The new agreement between JPX and Colt continues a long-standing partnership between the two organisations. It is a partnership that has seen the establishment of high-speed digital connectivity between premier trading venues such as the Tokyo Stock Exchange, the Singapore Exchange and others,
Northern Trust has released a white paper outlining key steps investment managers and investors can take to potentially achieve greater transparency in alternative investments such as hedge funds, private equity, infrastructure, real estate and natural resources.
The paper, ‘Alts Transparency: Finding the Right Balance’, is a follow-up to an industry-wide survey conducted earlier this year by The Economist Intelligence Unit for Northern Trust, which confirmed that transparency remains a top priority among alternative investors.
“A decade after the global financial crisis highlighted the risks of large allocations to opaque, illiquid assets, the industry continues to struggle with standards of
SANNE has appointed Stuart Harris as Director of Global Facilities to support the ongoing enhancement of the firm’s growing services and strategic development.
Harris (pictured), will drive the strategic direction of facilities management across the 15 jurisdictions in which SANNE operates. He brings with him 30 years of experience that has included the management of multi-million-pound facility and real estate schemes, and M&A projects across Europe, the Middle East, Africa and the UK.
Harris joins SANNE from FIS Global, where he was director of real estate for the EMEA region. He managed all M&A and integration projects covering 77
Sycomore AM has appointed Brice Prunas and Jessica Poon as senior global analysts. Both join the investment team, which now includes 19 professionals.
These appointments are designed to allow Sycomore to broaden its research universe to include the United States and Asia and to strengthen its expertise, notably in the IT Services & Software, Technology and Consumer Goods & Services sectors worldwide.
Prunas, 43, has close to 20 years’ experience in the analysis of listed companies and has developed recognised expertise in IT Services & Software and Technology as a whole. After serving as a European Equity analyst at
Trium Capital has appointed Donald Pepper as co-head of the firm Capital alongside co-founder Shenan Dhanani.
With a career spanning over 30 years, Pepper has a wealth of hedge fund and alternative UCITS fund experience, including time with Goldman Sachs Prime Brokerage Sales, and Merrill Lynch as managing director of Prime Brokerage for EMEA. In this role, Pepper worked on the launch of the MLIS UCITS platform in 2007.
Pepper moved to the “buy side” in 2008 when he became head of alternatives at New Star and, upon its acquisition, head of hedge funds at Henderson Global Investors. In
Alternative UCITS continued on their path of steady gains in Septmeber, with the LuxHedge Global Index advancing 0.27 per cent during the month to take its YTD return to 1.60 per cent.
The heterogeneity of different funds in the universe remains very large with a largest fund return at +9.25 per cent and a worst return of -7.20 per cent last month. Roughly two-thirds of Alternative UCITS funds posted positive results in September.
Performance was led by Equity Hedge funds with the LuxHedge Equity Long/Short Europe UCITS index gaining 1.12 per cent (+3.12 per cent YTD) and the LuxHedge
