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Provider of global asset services, SuMi TRUST, has published a white paper asking whether a hedge fund’s prime broker or administrator poses the biggest threat to the success of their business.
The firm questions whether ‘due diligence weary’ managers have adopted a box-ticking culture in the hedge fund industry. “Investors, conscious of the perils of form over substance, are now probing beyond the management company itself to encompass its service providers, of which the most important are prime brokers and administrators. Investors are also pressing managers to assess and mitigate service provider risks other than the obvious” the firm writes.
- 07/09/2015
Markit, a provider of financial information services, has completed its acquisition of DealHub, a leading provider of trade processing and trading services to the foreign exchange market.
The acquisition complements Markit’s growing business in FX and enables Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting. DealHub will form part of Markit’s Processing division.
DealHub’s customers include global banks, regional banks, interdealer brokers, FX electronic trading venues and asset managers. The company has approximately 55 people based primarily in London, with additional offices in New York
- 04/09/2015
- 04/09/2015
August was a very volatile month for capital markets. Risk assets sold off without a corresponding offsetting rally in traditional safe-haven assets, such as sovereign bonds or the US dollar.
The MSCI World index was down 6.6 per cent while neither the Barclays US Aggregate Bond index nor the US Dollar index managed positive returns, ending the month down 0.1 per cent and 1.6 per cent, respectively. Commodities were broadly weaker aside from gold and oil, with oil moving from deeply negative mid-month to end up about 4 per cent following a 28 per cent rally in the last three
- 04/09/2015
In this excerpt from Preqin Investor Outlook: Alternative Assets, H2 2015, we take a closer look at how investors source and select new investment opportunities, based on the results of our interviews with over 100 investors in hedge funds.
As our extract from the Preqin Special Report: Hedge Fund Manager Outlook reveals, fund managers are finding the fundraising environment more competitive. Therefore, it is more important than ever to understand how investors source and select new investment opportunities, in order to be in with a greater chance of gaining some of the capital earmarked for new investment. With this
- 04/09/2015
- 04/09/2015
Elian has agreed terms to buy SFM Europe, a provider of corporate services with more than EUR1 trillion of assets under administration.
Elian sees the acquisition ‘as an outstanding strategic fit for Elian as SFM Europe has a long established reputation for providing the highest level of client service, coupled with industry expertise and an outstanding portfolio of clients.”
According Paul Willing (pictured), chief executive officer of Elian: “This deal complements our corporate services business and extends the group’s geographic reach in the key European financial markets of Amsterdam, Frankfurt, Lisbon, Madrid and Milan.”
Established in 1999, and spanning
- 04/09/2015
- 04/09/2015
SS&C Technologies Holdings, a provider of financial services software and software-enabled services, has announced the leadership team for its recently acquired Advent Software business unit.
Pete Hess, who has served as Advent’s President and CEO, will lead SS&C’s Advent business unit as Senior Vice President and General Manager. He will oversee the establishment of two distinct market facing teams within Advent to address key client segments.
The Advisory Market Group will be responsible for serving clients and growing the business within the wealth management and investment advisor market. The group will be led by Dave Welling, formerly the general
- 04/09/2015
Following Preqin’s mid-year surveys of both hedge fund investors and fund managers, both parties agree that the greatest challenge the industry currently faces is performance.
Forty-four per cent of investors named performance as a key issue facing the industry, as well as 22 per cent of fund managers, higher than any other factor. This has arisen following one of the worst years for hedge fund performance in 2014 since the financial crisis, and as such, 43 per cent of investors think hedge funds have underperformed in the last year. Investors named fees and transparency as the next most important issues,
- 04/09/2015
Ullink, a provider of electronic trading and connectivity solutions to the global financial community, has partnered with Tradegate Exchange to provide all members of Ullink’s global NYFIX community with access to Tradegate Exchange’s services and liquidity.
Tradegate Exchange lists more than 3,800 stocks and offers out-of hours trading with extended trading hours from 8am until 10pm CET. It provides order execution with zero commission and zero exchange transaction fees, plus free real-time streamed quotes via its dedicated app and online at www.tradegate.de, as well as via all major market data vendors.
Ullink’s NYFIX is the world’s largest trading community,
- 03/09/2015
All six Market Vectors Index Solutions’ (MVIS) investable Long/Short Equity Indices recorded negative performance in August.
Each index is constructed using transparent, liquid ETFs and US Treasury securities to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
The Market Vectors Global Long/Short Equity Index led the way with a return of -4.76 per cent, followed by the Market Vectors Western Europe Long/Short Equity Index (-4.11 per cent), the Market Vectors North America Long/Short Equity Index (-3.34 per cent), the Market Vectors Asia (Developed) Long/Short Equity Index (-3.52 per cent), the Market Vectors Emerging Markets Long/Short
- 03/09/2015
The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished down 2.23 per cent in August.
The Merger Arbitrage strategy was the strongest performer for the month, finished down 0.43 per cent in August. The Long/Short Equity strategy was the strongest performer year-to-date, finished up 4.22 per cent. Although the Managed Futures strategy was down in August, it is the second-highest performing strategy year-to-date, up 3.86 per cent.
- 03/09/2015
- 03/09/2015
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