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Satuit Technologies, a provider of software solutions for the professional investment market, has appointed Michael Kendall as vice president – strategic relationships, responsible for buy-side vendor channel partnership and key client initiatives.
Kendall has worked most of his career with client reporting technologies where he has engaged with key buy side technology and data providers.
In his new role, Kendall will be working with these firms to assure seamless integration between their products and Satuit’s product line. He will also be working with the Satuit product team as a subject matter expert in the client reporting space.
Prior
Latin America represents significant potential for Equity Bank And Trust Bahamas Limited to build out its boutique private banking business as the continent enjoys shoots of economic growth. Dillon Dean shares his views on the `significant potential' on offer, not only to extend the bank's HNW client relationships in Brazil, Mexico and other key markets, but to help The Bahamas raise its profile as a gateway to the Americas.
Latin America represents a fountain of opportunities for financial services firms based in the Caribbean and given its proximity to a triumvirate of markets – Central America, South America and North
Watson Wheatley Financial Systems (WWFS), a provider of securities reconciliation, has added DTCC reconciliation to their offering.
The iRecs platform automatically downloads and links daily positions with underlying trade data and reconciles it against internal records.
“Adding the DTCC reconciliation to our existing reconciliation platform was a request from an existing client and fits extremely well with our increased focus on regulatory recs and reporting,” says WWFS chief operating officer Tom Wheatley (pictured). “The DTCC data was not the easiest to work with but our integrated data aggregation tool and security master allowed a structured view of this reconciliation.”
2016 will be the year of haves and have-nots for hedge fund investment professionals, according to compensation data from CompIQ and performance data from HFR.
The widening YTD performance gap will translate to large increases in bonuses for top-performing funds and decreases in bonuses for bottom-performing funds especially for upper level management and key investment professionals whose compensation is more closely tied to their fund’s performance and overall assets under management.
Across the board, non-investment professional roles will show salary increases, albeit at a modest, single-digit level.
A shift in the range of performance from fund to fund
AcadiaSoft, a provider of margin automation solutions for counterparties engaged in collateral exchange worldwide, has acquired ProtoColl, an end-to-end collateral and margin management service, from the Depository Trust & Clearing Corporation (DTCC).
Terms of the deal have not been disclosed.
In March, thousands of buy-side firms and smaller banks will become subject to new variation margin (VM) rules for non-cleared OTC derivatives that went into effect on 1 September for the largest global banks, all 24 of which are using the AcadiaSoft Hub in order to comply.
The purchase of ProtoColl accelerates AcadiaSoft's ability to provide market participants
Arnold Schwarzenegger will keynote the upcoming Cayman Alternative Investment Summit (CAIS), scheduled for 15-17 February 2017 at the new Kimpton Seafire Resort and Spa in the Cayman Islands.
The annual not-for-profit event provides a forum for 400-plus executives to discuss opportunities and challenges facing the alternative investment community.
Schwarzenegger is an Austrian-American actor, businessman and the former governor of California. After leaving office in 2011, Schwarzenegger has remained an outspoken advocate of sustainable energy and was a leading voice at the Paris COP21 climate conference in 2015.
He has also returned to the acting world with recent films
CEO and Founder of Sun Global Investments, Mihir Kapadia, has commented on why investors are increasingly choosing ETFs over hedge funds.
“ETFs already outstrip hedge funds by about USD3.4tr, or by over 10 per cent,” Kapadia (pictured) says. “The ETF industry has attracted assets from the hedge fund sector as hedge funds find it harder to justify their higher fees and inconsistent performance numbers verses a passive ETF investment which can offer diversified exposure at a fraction of the cost of a hedge fund. Add to this the instant liquidity or exchange traded component of an ETF and the ETF offers certain
The Depository Trust & Clearing Corporation (DTCC) has added trade repository services for Newfoundland and Labrador Global Trade Repository (GTR).
With this addition, GTR now supports all Canadian provinces and territories, with existing support for Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Quebec, Saskatchewan, Nunavut, Northwest Territories, Prince Edward Island and Yukon.
In an effort to achieve improved risk analysis, all Canadian provinces and territories have adopted harmonised derivatives reporting regulations, as applicable, rules 91-507 and MI 96-101. These rules require reporting for over-the-counter (OTC) derivatives transactions, including rate, credit, equity, FX and commodity derivatives.
GTR is
The SS&C GlobeOp Forward Redemption Indicator for November 2016 measured 4.25 per cent, up from 3.40 per cent in October.
"SS&C GlobeOp's Forward Redemption Indicator decreased sharply in November 2016 to 4.25 per cent, down from 4.90 per cent a year ago for November 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"With this favourable result, the 2016 year-to-date monthly average redemption rate is running slightly lower than for the same period of 2015. This stability in redemptions indicates that despite this year's market turbulence, investors are maintaining their allocations to the hedge fund sector."
Nearly three quarters (73 per cent) of asset managers are concerned about the challenges presented by MiFID II, research by State Street Corporation shows.
The survey, which polled 100 global asset managers and alternative asset managers, gauged their readiness for MiFID II coming into force in January 2018.
Designed to increase investor protection, the regulation will include new disclosure requirements linked to costs and charges, new conditions set for the design and distribution of financial instruments and increased pre- and post-trade transparency requirements across equity, equity-like and non-equity asset types.
The survey found more than half (59 per
