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Assets held by hedge fund managers increased by 2.9 per cent in the first three quarters of 2016, taking total industry AUM to USD3.24 trillion, according to Preqin.
Across most strategies, strong returns have been the central driver of asset growth, with the industry posting gains of 5.44 per cent through Q1-Q3 2016.
Strong performance for equity and macro strategies funds overcame net investor redemptions to see their AUM grow in the first three quarters of the year, while credit, relative value and multi-strategy funds all saw their total assets fall.
By contrast, though, CTAs have seen net
Hawksford has strengthened its governance, private client and funds teams with four associate director appointments.
David Hart has worked in the financial services industry for 40 years, with his career experience spanning the insurance, private client and compliance sectors. As associate director of Hawksford’s risk, governance and compliance (RGC) team he will provide the RGC director with technical advice on regulatory matters and assist with the management of Hawksford’s 15-strong team of Jersey based compliance professionals.
Hart worked at the Jersey Financial Services commission for 12 years and was also an independent compliance consultant to trust, investment and insurance
FX and FCD broker XM Group (Trading Point Group) has expanded its operations into the UK with the launch of XM UK (Trading Point of Financial Instruments UK Limited).
Located on Ropemaker Street in the City of London, XM UK is authorised and regulated by the UK Financial Conduct Authority (FCA) and offers its clients an advanced trading environment adhering to the UK’s enhanced regulatory standards.
By being present in one of the leading FinTech hubs in the world, XM UK anticipates further enhancements to its trading infrastructure and technology as well as new products and services.
Pambos
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
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