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London-based startup Hedgd has launched its Hedgd OMS (Order Management System) that enables investment managers to take control of data, costs and productivity.
Provided in, and built for, the cloud as a software-as-a-service (SaaS) solution, Hedgd provides enterprise-grade software to investment firms who previously would not access it due to total cost of ownership barriers.
With Hedgd OMS, firms can enjoy full visibility over transactions throughout the trade lifecycle without the need for expensive infrastructure, as the system is all cloud-based with Azure. The OMS operates in a collaborative workflow “chat app” format that will be familiar to many
The Irish Stock Exchange (ISE) has gone live with Deutsche Börse’s new T7 trading platform for the Irish equity market. This new platform further enhances the performance and capacity of the ISE’s equity market offering.
T7 delivers synergies, which make it even easier and reduces cost for international trading firms to connect and trade equities on the ISE, due to lower development and maintenance costs for firms, which are active on T7 across multiple markets. The new system also reduces latency even further for all trading members.
Brian Healy (pictured), Director, Traded Markets, Development, Operations at the ISE, says:
Crystal Century Investment has launched a multi-asset alternative investment fund aimed at providing institutional clients and retail investors with access to an actively managed alternative fund.
As uncertain market conditions continue to pressure investors into taking on more equity risk, the fund aims to relieve stress enhanced positions by participating through a range of alternative classes whose performance is less reliant on favourable market conditions.
“With the introduction of our liquid alternative multi-asset fund, we have addressed a number of investor concerns in response to an uneasy imbalance of the current risk-benefit equation. At both the institutional level and
The PRI, supported by the United Nations and the leading proponent of responsible investment, is working to standardise the way in which investors source and allocate capital to hedge funds who base their investment strategies on environmental, social and governance (ESG) factors.
This concept of responsible investing, which also goes by the name of Impacting Investing, is becoming increasingly important to investors as they consider the long-term consequences of how and where they invest.
Yet while many global corporations are signatories to UN PRI (Principals of Responsible Investment), the number of hedge fund signatories remains extremely low. According to Marisol
By George Ralph (pictured), RFA – The aptly named WannaCry cryptoworm, is working its way around the world, encrypting data and demanding ransom payments in the cryptocurrency, bitcoin.
The attack was global in scale, and brought parts of the NHS to a standstill, along with Telefonica in Spain, FedEx, Deutsche Bahn and LATAM Airlines, to name a few.
For financial services firms, WannaCry is a wakeup call, because although the sector seems to have escaped relatively unscathed, so far, the next attack is just around the corner, and:
1) WannaCry has all the signs of an amateur attack.
Spruce Investment Advisors, an asset manager and Chief Investment Officer for family offices and charitable institutions, is teaming with Old Farm Partners to identify new investment opportunities with small and mid-sized hedge fund managers.
Old Farm Partners was co-founded last year by Kieran Cavanna who previously managed the hedge fund selection team at Soros Fund Management, a multi-billion dollar family office.
“Kieran is a long time friend of the firm and we look forward to working with him and the team at Old Farm to create more value for our clients,” says John Bailey (pictured), founder and CEO of
Arachnys, a provider of cloud-based solutions for assessing financial crime customer risk and ensuring compliance for regulatory CDD, KYC and EDD requirements, has appointed Edward Sander (pictured), as President.
“David Buxton has demonstrated exemplary leadership as Arachnys’ Founder and CEO for the past seven years. Under his stewardship, the company has pioneered a new platform for accelerating risk investigations, in the cloud, that reduces cost and accelerates revenue for the world’s top global FIs,” says Greg Meekings, Arachnys’ Board Chairman and former Thomson-Reuters CIO. “We’re incredibly excited to add a global executive of Ed’s caliber to work with David and
BNP Paribas has agreed a settlement with the Board of Governors of the Federal Reserve System (FRB) relating to past misconduct in its foreign exchange business.
Under this settlement with the FRB, BNP Paribas will pay a fine of USD246 million (approximately EUR215 million) which will be covered by existing provisions. This follows the announcement by BNP Paribas of a settlement with the New York State Department of Financial Services on the 24 May relating to the same issue.
In reaching this settlement, the FRB acknowledged the Group wide remediation initiatives and the full cooperation of BNP Paribas in the
Sadis & Goldberg has appointed Richard L Shamos (pictured), as a member of the firm’s Financial Services Group.
Shamos has extensive experience advising financial services companies on the structuring, regulation and distribution of investment funds and brings a depth of experience in investment products and European fund structures, having designed UCITS and AIFs for an array of strategies, including various equity, fixed-income and multi-asset funds, as well as liquid alternatives and multi-manager fund structures.
“Richard brings the right mix of legal talent, pragmatic business sense and entrepreneurial vision we want for our clients,” says Ron Geffner, a member of
The FERI funds OptoFlex and EquityFlex on LRI Group’s UCITS Platform have achieved a total of EUR1 billion in total assets over all share classes.
Carsten Hermann, Head of Investment Management at FERI Trust, says: “We are very happy about the positive feedback on our investment strategies in the market. We have found the ideal partner in LRI Group having successfully implemented our fund projects within the last five years.”
Michael Sanders, Managing Director of LRI Invest, says: “We would like to thank FERI for the confidence they place in LRI Group. We are delighted that throughout our long
