Latest News
The Depository Trust & Clearing Corporation’s (DTCC) subsidiary operating the Global Markets Entity Identifier utility (GMEI utility) has received official accreditation from the Global Legal Entity Identifier Foundation (GLEIF).
The GMEI utility was among the first legal entity identifier (LEI) issuers to be endorsed by the LEI Regulatory Oversight Committee (LEI ROC) and continues to operate as the largest by share of the total LEIs issued worldwide.
The GLEIF, whose purpose is to ensure that the LEI remains the industry standard best suited to providing open and reliable data for unique legal entity data identification management, is evaluating the
The Lyxor Hedge Fund index was marginally down this week with weaker oil and dollar contributing to the underperformance of macro funds, according to Lyxor’s latest Hedge Fund Weekly Brief.
Macro funds limited damages after building-up substantial long EM FX positions prior to the FOMC; as a result, their net overall USD exposure dropped by a third.
Merger funds also lagged this week due to non-M&A energy positions. Additionally, credit funds’ returns eroded on wider energy spreads.
Elsewhere, the strategies most exposed to risk assets benefitted from encouraging global growth, hopes from Trump’s reflation, with limited US rates
Institutional alternative asset manager Crestline Investors has appointed Chris Golio as a managing director in the firm’s business development and client partnership group based in New York.
He will be focus on the Northeast and Midwest US regions and report to Frank Jordan, head of business development and client partnerships.
Prior to joining Crestline, Golio (pictured) was a partner for Constellation Associates providing private credit third party institutional marketing services primarily to direct lending and opportunistic managers. While there he specialised in direct lending, opportunistic and other illiquid strategies.
Before that, he was a managing director and the COO
Law firm Michelmores and communications agency Bell Pottinger have combined to provide a new crisis management service to help mitigate reputation risk for the alternative investment and finance market.
The service was launched at an event at Michelmores’ offices on 16 March and was attended by prominent figures from leading businesses within the alternative financial services sector.
Michelmores’ and Bell Pottinger’s crisis management offering responds to the increasing variety and complexity of challenges faced by businesses in the sector. The greatest risk to these firms is a collapse in investor/lender confidence.
There are many reasons for loss of
Geneva-based asset management company Quaero Capital has appointed Serge Ledermann as a member of its board of directors.
Backed with more than 35 years’ experience in the financial industry Ledermann (pictured) is a well-known public figure both in Switzerland and internationally.
Working as an independent advisor and an independent director for family offices, pension funds, foundations and asset managers Ledermann has held several managerial positions in asset management. He was a member of the executive committee and head of asset management at J Safra Sarasin, as well as deputy CEO and head of investment of Retraites Populaires in Lausanne.
ERIC (Electronic Research Interchange), a marketplace for institutional investment research, has released the latest iteration of its platform and launched a research management dashboard which enables asset managers to better identify the worth of the research consumed within their organisation.
The redesign is part of the ongoing development of the ERIC platform, in consultation with the buy-side, and addresses the concerns expressed by the FCA in its recent review of asset managers’ use of dealing commission.
The FCA identified that many managers could not attribute a cost to substantive research, record broker interactions or explain the rational for research
ServiceMatrix.net, a vendor management hub for institutional investors, asset managers and others, has taken its Pre-trade/Trading Survey live.
Since launching in 2016, ServiceMatrix.net has attracted 4,000+ users who can examine and rate service provision across the front, middle and back offices.
The rating activity has already delivered evaluations of 20 service providers, laying the foundations for delivering valuable feedback on their respective strengths and weaknesses.
Institutional investors, asset managers and others are encouraged to complete two simple questionnaires on Pre-trade/Trading in confidence at www.servicematrix.net to qualify for a complimentary report presenting the most impartial and valuable feedback on
By Alap Shah, Co-Founder and CEO of Sentieo – Investment analysts, by and large, are a pretty smart group. If they can find a better way to do their job, they will. So it’s no surprise that an industry that relies so heavily on information has adopted a number of consumer-grade apps to enhance their workflow. And while better than nothing, this practice can create more problems than it tries to solve.
In the analyst community, note-taking apps such as Evernote and OneNote now often serve as the foundation for the research process, in spite of the fact that neither were designed
Hedge fund liquidations increased in the fourth quarter even as the industry surpassed the USD3 trillion milestone, bringing the number of closed funds for 2016 to the highest level since 2008.
Hedge fund liquidations increased to 275 in Q4, rising from 252 in the prior quarter, though falling from the 305 funds liquidated in Q4 2015, according to the latest HFR Market Microstructure Report, released today by HFR.
For the full year 2016, liquidations totalled 1,057, surpassing the 1,023 liquidations from 2009, though falling well short of the record of 1,471 liquidations from 2008.
As previously reported by
JP Morgan now has access to the largest pool of buy-side block liquidity in Europe via SIX Swiss Exchange Liquidnet Service (SLS), a long-standing partnership of SIX Swiss Exchange with Liquidnet.
SLS provides JP Morgan with access to genuine block liquidity and unrivalled average execution size, providing maximum price improvement and minimal market impact.
SLS unites participants with over 830 buy-side institutions actively trading more than 3'100 large-, mid- and small-cap stocks across 13 markets.
Gregor Braun, head product sales at SIX Swiss Exchange, says: "To enjoy the benefits of SLS, our participants can use their existing connection
