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Ultimus Fund Solutions’ Advisor Solutions group has been selected by 300 North Capital to provide shadow accounting and other middle office services for the firm’s three hedge funds and its separate accounts.
Through the agreement, 300 North will leverage Ultimus’ best-in-class technology and industry knowledge to create a more efficient middle office operation, allowing the firm to devote its resources to managing money and diversifying its product offering. The southern California-based manager was drawn to Ultimus because of its reputation as a high touch service provider, focused on providing middle and back office services to small and mid-tier investment advisors.
IRESS has made two separate acquisitions to boost its presence in both the capital markets and discretionary fund management space within the UK.
The two businesses IRESS has acquired are Proquote, a leading provider of trading, market data and connectivity solutions in the UK, owned by the London Stock Exchange Group (LSEG) since 2003; and Pulse Software Systems, a leading provider of portfolio management software for private asset managers.
Proquote plays an important and select role in retail trading and connectivity in the UK. Its solutions include a multi-venue trading system, market data terminals, risk management and best execution
Olivetree Financial has appointed Fred Ward to its event driven team, to further hone the firm’s consultancy skills for the buy-side community.
Ward joins from Magnetar Capital, where he headed up its European equities event portfolio, and his responsibilities at Olivetree will be to advise both long-fund and hedge-fund clients on how to navigate tough-to-model special situations. He is based in London and will work across Olivetree’s clients globally.
As the pace of regulatory change continues to increase, market participants remain under pressure to modify their businesses and respond to the regulatory demands. Having launched in a post-crisis environment,
TraderServe has been added to Colt PrizmNet, a financial services extranet connecting providers of financial content to Capital Markets firms. TraderServe will provide access to Algoguard – a validation engine for MiFID II compliance – via PrizmNet from next month.
The service will be available to all Capital Markets participants who require the ability to demonstrate compliance for algorithm testing under MiFID II, irrespective of location.
Nick Idelson (pictured) of TraderServe, says: “The timing of delivery of Colt’s new extranet – Colt PrizmNet – is ideal in light of the requirements for testing that MiFID II brings and the
Aberdeen Asset Management has struck a deal with Advance Emerging Capital Ltd (AEC) whereby Aberdeen will acquire 100 per cent ownership of the London-based investment company. AEC focuses on global emerging and frontier market equities.
AEC is a London based specialist investment manager with nearly two decades of experience managing portfolios of primarily closed end, but also open end, fund-of-fund vehicles. As of 30 June 2015, the company managed GBP409 million across a range of investment funds. The two largest vehicles that the team manages are Advance Developing Markets Fund Limited and Advance Frontier Markets Fund Limited, both of which are
John Valentini has joined the Fiera Capital global team as Executive Vice-President and Chief Financial Officer.
The firm has also promoted Sylvain Roy to President and Chief Operating Officer of it’s Canadian division, effective 1 October, 2015. Both will be reporting directly to Sylvain Brosseau, Fiera Capital’s global President and Chief Operating Officer.
“As Fiera Capital continues to pursue its growth plans in Canada and the US, our organisational structure has been adapted to best support our growing and geographically diverse operations. We are pleased to be able to count on seasoned leaders with extensive industry and market know-how
On 16-17 September the Fed will meet to decide whether or not to hike rates for the first time since 2006. The set of economic projections will reveal critical information about the Fed thinking. The market expects a dovish stance. The probability of a rate hike, based on Fed fund futures, is as low as 28 per cent. The probability is close to 40 per cent for the end-October meeting and reaches 59 per cent for December.
AltX has appointed Roy Singh (pictured) as Chief Technology Officer (CTO), effective immediately.
“Roy’s extensive experience in data science, distributed systems, natural language processing and machine learning will catapult our product capabilities and offerings to new heights,” says Sam Hocking, Founder and CEO of AltX. “Roy’s deep technical knowledge, coupled with his understanding of quantitative finance, is precisely the expertise that AltX needs to build on its position as the next-generation intelligence platform for the alternative investment market.”
Hocking has a proven track record in data science, distributed systems, natural language processing, machine learning and quantitative finance. Prior to
Funds with more than USD1 billion in AUM grew at an average of 135 per cent since the global financial crisis, while smaller funds only increased 15 per cent over that same five-year period.
What is causing bigger funds to continue getting bigger and receive the lion’s share of institutional allocations? How does your firm compete in this unique market dynamic?
Broadridge’s new whitepaper, Hedge Funds and Their Data: Investing in Operational Excellence and Attracting New Capital, authored by Tim Versteeg (pictured), explores how the changes in the industry landscape since the global financial crisis forced hedge funds
Here, we take a detailed look at the infrastructure industry in Australia, including a breakdown of Australia-based investors’ by preferred route to market, source of infrastructure allocation and assets under management.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on the Australian infrastructure market.
