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The Alternative Investment Management Association (AIMA) has published a new edition of its flagship due diligence questionnaire (DDQ), 20 years after the first AIMA DDQ helped to standardise the due diligence process for alternative investment managers and investors.
The new AIMA Illustrative Questionnaire for the Due Diligence of Investment Managers will be used by investors assessing hedge fund, private credit and private equity managers. Completing the DDQ is generally regarded as one of the most significant steps that investment managers must complete before an investor decides whether to allocate to a fund.
The first AIMA DDQ, published in 1997,
Axon financial systems, a specialist in technology-enabled market data management, has launched its new Application Compliance Tool (ACT), which gives customers a better handle on managing their market data application workflows and compliance reporting obligations.
The launch of ACT marks the expansion of the AxonWorks group, a set of tools designed to empower customers to manage their market data usage and compliance more efficiently and without the intervention of third parties. It also comes at a time when compliance is a hot topic across the industry with MiFID II on the horizon.
By allowing clients to manage their market
Peel Hunt, an independent corporate broking, advisory and trading house focusing on mid & small-cap companies, is expanding its use of Torstone Technology’s Inferno post-trade securities and derivatives processing platform, for its US business, Peel Hunt Inc.
In signing a multi-year deal to use Inferno, Peel Hunt now has more flexibility to develop its US business and respond more quickly to client and market requirements. Inferno is a flexible, modern, cost-effective platform which will allow Peel Hunt to run its operations efficiently and with reduced operational risk. The system is also scalable which means that Torstone Technology can quickly respond
Man Group’s trading statement for third quarter 2017 revealed funds under management of USD103.5 billion, up 28 per cent year to date from a 30 June figure of USD95.9 billion.
The largest publicly listed hedge fund saw the quarterly net inflow of USD2.8 billion come into alternative risk premia and emerging market debt strategies, and a total positive investment movement of USD3.3 billion in the quarter.
FX movements driven by the weakening of the US dollar against the Euro and Sterling created positive FX movements of USD0.9 billion in the quarter. Man Group has also announced its decision to absorb
Active and alternative asset manager RAM Active Investments (RAM AI) is to absorb the cost of external research commissioned on behalf of investors. The announcement has come ahead of MiFID II, the new European Union rules which are due to come into effect in January 2018.
In the clients’ best interest, RAM AI will be paying research costs up front and directly from their own account in line with these new regulations, rather than passing on the extra cost to clients in the form of an additional charge or a fee. RAM AI already offers extensive internal research capabilities which form
SIX Swiss Exchange is to partner with London Stock Exchange Group to establish a link to their UnaVista service to facilitate transaction reporting for products admitted to trading on SIX Swiss Exchange for remote participants.
The service from UnaVista will allow remote participants of SIX Swiss Exchange to fulfil their reporting obligations under the Swiss Financial Market Infrastructure Act (FMIA).
The FMIA enhanced the reporting obligations for securities dealers which required a revised service solution to be developed. The data UnaVista will provide to the Reporting Office of SIX Swiss Exchange will enable remote members to fulfil their reporting
Cowen has appointed Drew Forman as Managing Director, Head of Derivatives Sales and Trading, and Evan Karp as Director of Derivatives Sales and Trading.
Forman (pictured), and Karp are responsible for further expanding the company’s institutional derivatives capabilities and report to Kyle Solomon, Managing Director of Alternative Equity Strategies.
“I am pleased to welcome Drew and Evan to Cowen as they both bring a strong and unique background in macro and single stock derivatives while fully complementing our existing culture and corporate values,” says Solomon. “Adding Drew and Evan to the team is testament to Cowen’s commitment to further
AxeTrading, a fixed income technology provider, has hired Ivan Mihov as Sales Director. In this role, Mihov will focus on the company’s global buy-side initiatives.
Mihov (pictured), joins from MarketAxess, where he was responsible for buy-side sales in Germany, Austria and CEE. Before MarketAxess, Mihov was part of Bloomberg’s sell-side trading systems team selling TOMS and ETOMS to Tier 1 and regional fixed income dealers in CEE, Germany and London.
AxeTrading services clients in across 13 countries and four continents. In June, AxeTrading received a strategic investment of EUR2 million from Illuminate Financial, led by Mark Beeston and Mark
Hiring of fundraising and distribution professionals by alternative asset management firms reached an all-time high of 336 total moves in the third quarter, according to data tracked by Context Jensen Partners.
This is up by more than a third from the previous high of 251 moves in Q2 and Q1. Context Jensen Partners (CJP) is a global corporate advisory and executive search firm that recruits capital raising talent for alternative investment managers.
“Alternative asset managers are maturing their distribution platforms at a fast pace,” says Sasha Jensen, Founder & CEO of Context Jensen Partners. “The hiring we’ve seen over the last quarter
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2017 measured 0.67 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.95 per cent in October.
“SS&C GlobeOp’s Capital Movement Index for October, 2017 of -0.95 per cent reflects net outflows in line with normal seasonality,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, on a year-over-year basis, the -0.95 per cent for October, 2017 compares quite favorably to the -1.75 per cent reported a year ago for October, 2016. This year-over-year reduction in
