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The Managed Funds Association (MFA) has announced its 2017-2018 Board of Directors. The new Board and officers will provide governance oversight to MFA and guide the Association’s advocacy, education and communication efforts.
MFA’s Board unanimously elected Michael S Harris, President, Campbell & Company LP as Chair; Jonathan Hitchon, Managing Director, Chief Operating Officer, Two Sigma Investments LP, as Vice Chair; and Duncan Ford, Partner, Chief Operating Officer, Marshall Wace LLP, as Secretary. The board re-elected Natalie Deak Jaros, Partner,EY, as Treasurer.
“Fund managers and investors alike have come to depend on MFA’s influential advocacy, education and communications efforts. That
MMRIT, a business that provides fully managed IT services to the financial and legal services sectors in London, has turned to a private cloud solution from iomart to satisfy the security requirements of its customers and help them cut costs.
MMRIT’s customers include hedge funds, alternative investment managers, barristers’ chambers and law firms. Several of them were keen to move to the cloud to save on infrastructure costs but they did not want to have to compromise on security.
iomart worked with the MMRIT team to build a highly available, private cloud platform that meets all the financial and
S3 Partners has released a significant upgrade to its BLACK APP on the Bloomberg App Portal.
The BLACK APP 2.0 provides the buy-side and sell-side with powerful real-time short interest, authoritative securities finance rates and unmatched search capabilities into the traditionally opaque securities lending market.
Mike King, Global Business Manager for the Bloomberg App Portal, says: “Bloomberg continues to invest in the App Portal because by fostering a diverse ecosystem of contributed applications we can deliver more value and choice to Terminal subscribers. The BLACK APP from S3 epitomises what we’re trying to do by incorporating applications into the
Alternative investment accounting and advisory firm, Arthur Bell, has appointed Audit Director, Rob Kucenski, to its New York office.
Kucenski (pictured), has more than 15 years of experience providing professional services to alternative investment vehicles for a diverse client base which includes hedge funds, private equity, real estate, commodity pools, and funds of funds.
Kucenski is an industry veteran who has more than a decade of audit experience with a Big 4 accounting firm, and another accounting firm focused on the alternative investment industry. He works closely with investment advisers on evaluating their internal controls, along with their business
IHS Markit has partnered with MSCI to help asset managers implement liquidity risk management programs and comply with SEC Rule 22e-4. Available next month, the multi-asset class solution integrates fixed income market and liquidity data from IHS Markit with MSCI LiquidityMetrics analytics.
Slated to take effect in 2018, SEC Rule 22e-4 requires mutual funds and exchange-traded funds (ETFs) to classify their portfolios as highly liquid, moderately liquid, less liquid or illiquid. Only 15 percent of a fund’s assets will be permitted to be classified as illiquid – a potential challenge in fixed income markets where only a small minority of
Europe’s sub-advised fund market continues to expand at a strong pace with assets forecasted to surpass EUR800 billion by 2022, according to a new report by Impactvesting, an asset management consulting firm.
Potentially EUR300 billion of new sub-advisory assets will be won over the next five years, mobilised in part by regulatory changes such as the Markets in Financial Instruments Directive (MiFID II).
“Regulation, cost pressures, consolidation, vertical integration among wealth managers, and new technologies are rapidly transforming fund distribution in Europe,” says Jag Alexeyev (pictured), founder and managing director of Impactvesting. “Distributors are choosing to work more closely
NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, has launched NEX Quant Analytics, the FX market’s largest and most comprehensive community-based analytics tool for clients trading on the EBS platform.
Individual banks and trading houses may use similar analytics internally, but there has previously been no comparable level of detail offered at a market level. Using benchmark data taken from the entire EBS ecosystem, the analytics service delivers real and measurable insight for clients into their own trading activities and the ability to look at their performance
Singapore Exchange (SGX) has reported a daily volume record for its SGX INR/USD futures contract, with a total of 108,417 contracts traded on 22 September 2017, translating to a notional value of USD 3.34 billion.
SGX INR/USD is SGX’s most actively traded FX futures contract, and recent volume growth has extended SGX’s market share to more than 40 per cent.
SGX also recorded its highest ever daily volume for SGX USD/CNH on 8 September 2017, with 25,857 contracts traded. This represents a total of USD 2.59 billion traded, reaffirming SGX USD/CNH as the most traded listed offshore RMB futures
The company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management, has been re-named Ninepoint Partners.
The rebranding completes the transition initiated with the 1 August, 2017 management-led buyout of the diversified asset business from Sprott Inc.
“We’re excited about the launch of Ninepoint Partners,” says James Fox, Managing Partner of Ninepoint Partners. “Our plan is to continue managing as well as developing investment products that address some of the bigger portfolio challenges that investors face, like finding yield and adding meaningful diversification to a portfolio.”
“We are thrilled to be launching our newly
Schultze Asset Management, an investment firm specialising in financially troubled and distressed companies, has hired industry veteran Dean Crowder as Global Head of Strategic Business Development.
In his new role, Crowder (pictured) is responsible for the development and execution of the overall business strategy and high-priority strategic initiatives for Schultze Asset Management. He acts as a thought partner for senior leaders and supports the general management and progress of Schultze Asset Management’s business.
“Dean has a long and proven track record as an alternative investments strategist and extensive experience capturing market share from institutional global clients through marketing and
