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Quantitative hedge fund manager Man AHL has released Arctic, its MongoDB-powered financial tick store, on code collaboration and management site GitHub as a freely available open source project.
By building Arctic on MongoDB, Man AHL realised a 40x cost saving when compared to the legacy time series data store. Processing performance improved by 25x. Man AHL is based in London, Hong Kong, Oxford and Pfäffikon, and has USD17.9 billion in assets under management as of September 2015.
Gary Collier (pictured), Co-CTO of Man AHL, says: “MongoDB has provided tremendous value through the improvements it delivered to our Arctic tick store. It
With Blackstone Group’s latest opportunistic offering, which closed in Q3, becoming the largest private real estate fund of all time, Preqin’s Lauren Mason takes a look at fundraising for the strategy and the pipeline of opportunistic funds in market.
Although the total number of opportunistic funds reaching a final close each year has declined since 2012, the aggregate capital raised by these funds is at a post-crisis high: 37 opportunistic private real estate funds have reached a final close this year, raising USD49.6 billion in institutional investor commitments (Fig 1). Fifty-five percent of total capital raised in 2015 has been
For the first time in five years regulatory requirement has been knocked off the top of the list of the biggest challenges facing the alternative investments sector and this could restrict growth for smaller alternative investment funds, according to Talbot Capital.
Recently, the Alternative Investment Managers Association (AIMA) cited the requirement for an ever increasing amount of entry capital and high back office costs as the greatest barriers to growth.
The sector had seen a decline in the number of new alternative investment products entering the market. This has been due to the high entry capital requirement, which has
What does the future hold in store for Guernsey? Guernsey Finance’s Kate Clouston (pictured) paints a bright picture for the island’s funds industry.
Guernsey’s reputation as a leading funds domicile has been reinforced by findings in a recent report published by KPMG.
The report, International Capital Flows, reveals the extent to which Guernsey’s funds industry facilitates the flow of capital globally, including GBP105 billion of investment in Europe – 49 per cent of which originates from investors located outside Europe itself. Guernsey is highlighted as an integral conduit facilitating the raising of capital from investors in different countries, subsequently allowing for
Hedge fund manager Hatteras Funds is to repurchase itself from RCS Capital Corporation and re-establish itself as an employee-owned alternative investment boutique.
Acquired by RCS Capital on 30 June, 2014, Hatteras Funds has continued to operate as an independent reporting segment over the past 16 months. Repurchasing the firm allows Hatteras to focus on providing innovative alternative investment solutions across the liquidity spectrum.
“We are excited to reestablish Hatteras as a 100 per cent employee-owned firm. We will continue to focus on providing alternative investment solutions designed to help Financial Advisors build better, more diversified portfolios for their clients,”
RSRCHXchange has added OTAS Technologies (OTAS), a provider of market data analytics, to the list of providers on the firm’s institutional research platform.
Launched in September 2015, the RSRCHX platform was built in consultation with asset management institutions and research providers and designed to improve upon the cumbersome legacy practices of research distribution and procurement. The platform is designed to help asset managers buy research in a more efficient, discerning and transparent way, while staying ahead of the upcoming MiFID II unbundling requirements. At the same time, RSRCHX offers research providers a smarter, more advanced distribution tool which not only
UMB Fund Services (UMBFS) has hired Michael Yanke as head of fund administration and Mackenzie Johnson as legal counsel in Milwaukee.
Yanke is responsible for operations of UMBFS’ Milwaukee-based Fund Administration team, which services registered funds of all types. He will also establish and oversee fund administration compliance policies and procedures. He has nearly 30 years of experience in the fund industry.
“Michael brings an extensive knowledge of the industry to UMBFS,” says Terry Gallagher (pictured), executive vice president, director of fund accounting and administration. “Michael will assist in developing a strong team of fund administrators. We are excited
The hedge fund industry produced an aggregate return of 1.91 per cent in October, bringing YTD returns to near flat for 2015, but still negative at -0.80 per cent, according eVestment’s latest Hedge Fund Performance report.
The industry’s last annual decline was 2011 when average returns were -4.99 per cent and the S&P rose +2.11 per cent.
With median gross exposure increasing into the end of Q3, due to rising short exposure as long positions did not decline in-line, equity hedge funds participated in October’s market rally, however at a muted pace. Returns of 3.25 per cent from all
A month after being granted a licence to provide professional depositary services from its Luxembourg office, Elian has appointed Kerstin Lindgren (pictured) as manager of depositary services in the firm's funds depositary team.
Lindgren’s main focus will be to develop the depositary services offering for alternative investment funds in Luxembourg.
Lindgren has 15 years’ experience in the investment fund industry, particularly in depositary, global custody and stock lending services. She has previously held roles with Skandinaviska Enskilda Banken (SEB) in Stockholm and Luxembourg. Before joining Elian she was head of custody services at SEB SA, where she worked for more
Options, a provider of cloud-based IT services to hedge funds, private equity houses, investment banks, trading firms and broker-dealers, is to offer TraderServe’s exchange emulated test environment, AlgoGuard as a managed solution.
AlgoGuard is a solution for the testing of trading algorithms in line with the European Securities and Markets Authority's recent final submission on regulatory technical standards for the financial instrument directive, MiFID II. The MiFID II requirements, which become mandatory from 3 January 2017, necessitate that all trading firms certify that their algorithms have been tested to ensure that they do not create or contribute to disorderly trading
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