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Eze Software Group has completed a series of enhancements to its portfolio accounting and reporting system, Tradar PMS, improving asset class coverage across instruments and regions.
The latest additions are part of Eze Software’s drive to streamline investment managers’ workflows and increase operational efficiency through tighter integration between Eze Software applications. The continued investment in Tradar PMS has been well-received by the market. Sales increased nearly 40% in 2014 over 2013, and the PMS client base is larger than ever.
Eze Software has significantly enhanced support for trading FX non-deliverable forwards (NDFs) with improved trade workflows, support for the new
Sprott has appointed Trey Reik, a 33-year veteran of the investment management business, as Senior Portfolio Manager and Precious Metal Strategist.
Reik has dedicated the past 13 years to precious-metal investing and, since 2009, has served as Managing Member of Bristol Investment Partners LLC, a registered investment advisor focused exclusively on the sector. Reik has written extensively on precious metals markets and monetary policy and is a recognised public speaker on these topics. At Sprott, Reik's responsibilities will include the development and management of institutional precious metal-focused investment vehicles, primarily in the United States.
"Trey brings to Sprott a unique
ECN broker Tickmill has added contracts for difference (CFDs) – a derivative product that gives opportunity to make money from both falling and rising markets – to its diverse product line.
CFDs have no expiry date allowing traders to hold their positions for as long as they wish.
Sudhanshu Agarwal, CEO of Tickmill says: “This is a very important step forward for Tickmill as CFDs are popular and widely traded instruments. The availability of eight major CFDs covering key stock indices for Germany, Japan, Europe, the United Kingdom, the USA, as well as WTI Crude Oil, will cement the Tickmill’s
Rothschild Asset Management has appointed Michael Woods as Chief Executive Officer (CEO) with immediate effect.
Woods' appointment underlines the firm's strong commitment to continue building a pre-eminent asset management business for Rothschild North America.
Jean-Louis Laurens, Global Head of Asset Management for the Rothschild Group, says, "Mr. Woods' experience and proven track record in creating and implementing successful retail and institutional distribution capabilities coupled with his valuable leadership and management skills will be instrumental in driving our growth strategy in the US."
Most recently, Woods was Head of the Americas, Global Client Group for Deutsche Asset & Wealth Management and
Amid the rapid growth of the hedge fund industry and the complex regulatory climate following the financial crisis, hedge fund managers and institutional investors have differing views on transparency and independent controls, according to a new survey by Northern Trust.
An overwhelming majority of managers (90 per cent) believe that all or nearly all of their investors are satisfied with the level of transparency they receive. However, about half (55 per cent) of investors say they seek higher levels of transparency than they currently receive.
Investors place such value on transparency that many are willing to pay for it. Among
The hedge fund industry produced an aggregate return of positive 1.93% in February, the industry’s best monthly performance since February of last year, according to eVestment’s latest Hedge Fund Performance report.
The primary driver of hedge fund returns in February were rising equity markets, highlighted by the S&P 500’s best month in more than three years.
Every major hedge fund strategy posted positive returns for the month of February, with activist funds leading the industry and managed futures lagging, but still positive. February’s returns erased any remnants of January’s losses from primary strategies.
Aggregate managed futures funds’ performance was
Professionals at equity hedge funds earned significantly more in 2014 than peers in credit hedge funds and asset management, according to the latest compensation report from Kea Consultants.
Base salaries for junior professionals grew by a marginal 5% at most funds and varied little across asset management and equity/credit hedge funds, with mean base ranging from GBP67.5k to GBP75k for analysts with two to four years of experience, and peaking at a GBP200k even for more senior VP/Principals with eight to ten years of experience. However, top performers at credit funds earned substantially larger bonuses than their peers, which increased
Managed futures traders were down 0.07% in February according to the Barclay CTA Index compiled by BarclayHedge. The Index remains up 3.02% year to date.
“For eight of the past ten months, CTAs were able to generate returns from trends that provided ample profit opportunities,” says Sol Waksman, founder and president of BarclayHedge.
“But in February, intra-month reversals in fixed income and commodity markets provided a more difficult backdrop for momentum strategies.”
Only two of Barclay’s eight CTA indices had gains in February. The Financial/Metals Traders Index was up 0.53%, while the Currency Traders Index rose 0.01%.
On the losing
DMS Offshore Investment Services is expanding its International Tax Compliance Group with the addition of Roman Ipfling (pictured), former US Tax Manager at KPMG in the Cayman Islands.
Ipfling is Global Co-Lead of the DMS ITC Group responsible for management operations, systems and reporting. Peter Stafford, attorney-at-law, remains Global Co-Lead of the Group.
The DMS ITC Group is a dedicated, specialist team of attorneys, accountants and compliance experts devoted to serving more than 600 private investment structures in complying with their obligations under the US Foreign Account Tax Compliance Act (FATCA) and other international tax information initiatives.
The ITC Group
Amundi has appointed Navik Patel as Head of Directional Strategies, Senior Analyst at Amundi Alternative Investments, based in the firm’s London office.
Patel has 15 years financial service experience including 11 years Hedge Fund industry experience as both an Analyst and Portfolio Manager. Before joining Amundi AI, Navik worked for five years within Alternative Investments at Aberdeen Asset Management in New York, Philadelphia and London, most recently as Senior Investment Manager. Prior to this, Patel worked as Portfolio Manager/ Senior Analyst at RBS Asset Management from 2004. He moved to New York in 2008 to establish a presence for RBS
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