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Event-driven manager Burren Capital Advisors has launched its Global Arbitrage equities fund on the MontLake UCITS platform, which provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
The MontLake Burren Global Arbitrage UCITS Fund will be managed in line with the core fund, which has approximately five years track record, but with a modest amount more leverage and will specialise in Pure Arbitrage, Tender Arbitrage, Merger Arbitrage and Relative Value investing. The strategies seek to take advantage of a broad investment spectrum providing multiple sources of alpha throughout the economic cycle.
Social media is joining traditional financial news media as a key source of information used by institutional investors in their investment processes, according to a new study from Greenwich Associates.
The study found that 80 per cent of institutional investors use social media as part of their regular work flow, and approximately 30 per cent of these investors say information obtained through social media has directly influenced an investment recommendation or decision.
In a report released today entitled, Institutional Investing in the Digital Age: How Social Media Informs and Shapes the Investing Process, Greenwich Associates presents the results of its
BI-SAM has launched BI-SAM GO, a flexible solution providing asset managers with daily and transactional performance and attribution analytics, plus high-quality cleansed and validated data, via a flexible, secure web-based platform.
The solution enables asset managers to streamline the calculation, analysis and distribution of performance results – resulting in improved investment strategies, better client engagement and increased operational efficiencies. BI-SAM GO includes transactional performance and attribution delivered in an easy-to-use interface. Client and market data is cleansed and validated to ensure accurate performance analytics.
“Performance analytics are critical inputs to investment strategies – with portfolio managers, clients and everyone
The Credit Suisse Hedge Fund Index finished up 0.60% for the month of March, with half of the ten sub-strategies finishing the month in positive territory.
Managed Futures led the way with a return of 2.40%, followed by Global Macro (1.30%, Multi-Strategy (1.05%), Emerging Markets (0.74%) and Event Driven (0.36%).
Long Short Equity was the month’s biggest loser down 0.42%, while Dedicated Short Bias (-0.31%), Convertible Arbitrage (-0.27%), Equity Market Neutral (-0.21%) and Fixed Income Arbitrage (-0.08%) also recorded negative returns.
BATS Global Markets (BATS) has filed rules to launch a second options exchange – EDGX Options – with the Securities and Exchange Commission (SEC). BATS is planning to launch the new exchange in November 2015, pending SEC approval.
EDGX Options will be based on a customer priority/pro rata allocation model and is designed to complement the existing fast-growing BATS Options market, which will now be called BZX Options. The launch of EDGX Options will enable BATS to compete for a new segment of order flow that does not trade on the price-time markets that BATS currently operates.
Launched in February
The Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), is seeking the release of USD1.249 billion out of a total USD1.499 billion being held in reserve under a September 2012 Bankruptcy Court order.
A hearing has been scheduled for Thursday, 28 May, 2015, when the Trustee, Irving H Picard, Securities Investor Protection Act (SIPA), will apply for an allocation of recoveries to the BLMIS Customer Fund and an authorisation for a sixth pro rata interim distribution from the Customer Fund to BLMIS customers with allowed claims.
The reserve was originally required due to ongoing litigation of the
International equity asset manager Sloane Robinson has made a strategic commitment to the North American marketplace with the hire of Rob Pino as Head of North American Business Development.
Pino will be based in the US with a focus upon the institutional market place.
Sloane Robinson was founded in 1993 by Hugh Sloane and George Robinson as an absolute return focused manager with a typical net long bias. Reflecting the historic strengths and experiences of the investment professionals the firm manages a number of international (ex-US) strategies alongside those dedicated to emerging and frontier markets and Japan.
Pino
The SciBeta Developed Low Liquidity Diversified Multi-Strategy index, with a relative return of 1.10 per cent compared to the broad cap-weighted index, was the top performing ERI Scientific Beta smart beta index in March.
The SciBeta Developed High Liquidity Diversified Multi-Strategy index posted the lowest relative return (0.03 per cent).
Performance for smart factor indices exposed to risk factors known to be well rewarded over long periods remains strong, with annual performance in excess of broad cap-weighted indices ranging from 1.03 per cent to 3.11 per cent since inception for the Developed universe.
Scientific Beta Multi-Beta Multi-Strategy (MBMS) indices associate
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -0.13 per cent in March.
The Wilshire Liquid Alternative Multi-Strategy Index meanwhile, which includes both single and multi-manager funds, ended the month up 0.15 per cent due to another strong month from global macro managers.
“With interest rates continuing to decline and equity markets remaining choppy, investors have been looking for alternative sources of return, resulting in nearly USD6 billion of inflows into liquid alternative global macro managers over the past six months,” says Jason Schwarz, president of Wilshire Funds
Omgeo has launched new global custodian and prime broker automation capabilities in Omgeo ALERT, the online global database for the maintenance and communication of account information and SSIs.
The release, ALERT 5.0, includes the Global Custodian Direct feature, which enables global custodians and prime brokers to electronically maintain timely and accurate SSI data in ALERT, on behalf of their clients. Currently, investment managers perform these updates manually.
By adopting ALERT, global custodians and prime brokers are able to offer their clients the additional service of maintaining and providing SSI data in an automated, secure and efficient manner, helping to
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