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Hedge funds today expect their appointed administrator to do a lot more than merely strike the NAV and keep the Investment Book of Records up-to-date. Value-add services, such as data management, regulatory and compliance, risk, and performance and attribution – all of which utilise the same underlying dataset – are becoming an increasingly important diversifier.
“You have to have the right technology platform and systems in place to gather data and help managers report that data on the compliance and regulatory side,” explains Eamonn Greaves (pictured), Head of Business Development at SS&C GlobeOp, one of the industry’s leading fund administrators.
Over the last two decades there have been significant limitations in the way that technology to manage swaps processing has been deployed to hedge funds.
On 15 April 2015, Cordium, a leading global compliance consulting, accounting, tax and software provider to the financial services industry, introduced a new compliance software solution called Pilot.
A cloud-based solution, Pilot is a more up-to-date, cutting edge version of Cordium’s flagship product, ComplianceTrak. Pilot is designed to help compliance teams manage a plethora of compliance and operational tasks from start to finish and can best be thought of as a tracking and monitoring tool. Whilst many hedge fund managers have compliance manuals and processes in place, until now many struggled to document and monitor those processes, to prioritise
In the last few years, market complexity has grown in response to increased regulatory demands, increased investor due diligence requirements, more complex fund strategies and even how hedge funds manage their balance sheets with their prime brokers.
These demands are putting pressure on technology specialists to innovate. One firm that is helping to pioneer the way that hedge funds streamline their operations is Eze Software Group. According to President, Jeffrey Shoreman (pictured): “We feel we are driving innovation in this space by bringing together front, middle and back office functionality in ways that have never been done before.”
Eze Software
CME Group has launched physically delivered Zinc futures contracts to begin trading on 29 June, 2015, pending all relevant regulatory review periods.
These new Zinc futures contracts will build on CME Group's suite of physically and financially settled base metals products, and provide greater transparency and price discovery for market participants in North America and around the globe. Zinc futures will be priced in US dollars and will represent 25 metric tons of physical material, beginning with the October 2015 listed month.
"Customers across the global physical commodities value chain rely on the accurate price discovery and risk transfer that
Hedge fund Harness has chosen Carne Group to provide an independent management company solution for its new Luxembourg UCITS fund. Harness is making use of Carne’s independent UCITS compliant management company in Luxembourg to support the launch.
In addition Carne is also providing two independent directors to the Board of the SICAV. Harness and Carne worked together on project managing the successful launch of the fund; Carne liaised with the Luxembourg regulator and helped to manage the approvals process.
Harness was established in 2009 as a specialist asset manager. The firm’s objective is to deliver absolute returns within the global
More than 500 people attended the Guernsey Funds Forum 2015 in London last week, which was hosted by ITV news anchor, Alastair Stewart, OBE.
The keynote speech was delivered by Guernsey resident and private equity specialist Guy Hands, Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited.
Dominic Wheatley, Chief Executive of Guernsey Finance, says he was delighted with the number and quality of attendees, as well as the content of the sessions.
“The event allows us to reinforce and build upon our key relationship with the City of London so to have attracted such an impressive number
By James Williams – The USD9 billion IPO by Lending Club last November was a significant shot in the arm for the peer-to-peer (‘P2P’) lending space and sent out a clear message to the banking industry: the old-school way of providing finance to companies and individuals is under threat.
Lending Club is one of a number of platforms that are legitimising the online lending market; one that investors still remain slightly in the dark about but nevertheless one that offers compelling investment opportunities.
“The average person still has no idea this is going on. People in the finance world have certainly
In a volatile market environment, hedge funds have exhibited high performance dispersion since the end of April, both at the strategy and the fund level. This proved true again last week, with the Lyxor Hedge Fund index posting a flat performance, up 0.06%, but hiding significant discrepancies behind the scenes.
The eFix Matching solution – a collaboration between EBS, ICAP's electronic foreign exchange business and Global Broking – has seen growth of over 160 per cent in average daily volume (ADV), since its launch one year ago in May 2014.
eFix Matching, which enables customers to execute Fix interest electronically on the EBS Market platform, provides anonymous access to a central pool of liquidity for the most liquid daily fixes, including the ECB 13:15 Fix, WMR 16:00 Fix, HSRA AUD/USD Fix and EMTA USD/RUB Fix, and improved global matching opportunities.
A growing proportion of the ADV (approximately 25 per cent)
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