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Omgeo, the global standard for institutional post-trade efficiency, today announced that
Over 225 investment managers worldwide are now leveraging Omgeo ALERT for Foreign Exchange (FX) standing settlement instructions (SSI).
ALERT enables over 1,800 investment managers, brokers/dealers and custodian banks to share accurate data worldwide. ALERT supports FX, as well as equities, fixed income, money market, cash and derivatives instructions.
Because of the critical nature around the timeliness of FX trades, and with cash-related transaction turnover soaring by 32% since 2010, more and more institutions are turning to automation in FX post-trade operations. With ALERT, firms can leverage a proven
The SS&C GlobeOp Forward Redemption Indicator for November 2014 measured 5.05%, up from 3.12% in October.
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is 19
Law firm Howard Kennedy has strengthened its Financial Regulation and Investment Funds team with the appointment of financial regulation specialist Daniel Hirschfield.
Hirschfield, who joined the firm from Mayer Brown on 27 October as a Senior Associate, has considerable expertise helping regulated businesses across the banking, investment and insurance sectors navigate the UK’s financial services regulatory regime. He offers particular experience in relation to the regulation of funds and their managers under the EU Alternative Investment Fund Managers Directive.
On joining Howard Kennedy, Hirschfield says: ”I see this as an excellent opportunity to work with a UK-centric firm that has
Amundi is giving a more global scope to its Alternative Investment specialised subsidiary with the appointment in its London office of Michael Hart as Deputy Chief Executive Officer and Global Head of Business Development.
Laurent Guillet, Chief Executive Officer of Amundi Alternative Investments and Amundi London Branch says: “With more than USD11bn in assets, the Alternative Investments branch of Amundi provides absolute return solutions adapted to today’s markets and enhanced regulation, from managed accounts, alternative funds of funds to a full range of dedicated advisory services. At this point in time of our history, we needed a Global senior hedge
Ocwen Financial Corporation has re-launched a free database of loan-level data for mortgages serviced by Ocwen in private label mortgage-backed securities (MBS), powered by the REALPortal platform.
Ocwen uses the REALPortal platform, licensed from Altisource Solutions to provide mortgage investors with access to the most accurate data on loans serviced by Ocwen, as well as analytical tools and details on processes, procedures and loan performance. The re-launch addresses a variety of requests from mortgage loan investors to enhance functionality, access to data and bandwidth. Additional functionality is being planned for near-term implementation.
REALPortal is fully searchable by MBS deal
The Securities and Exchange Commission has suspended trading in four companies that claim to be developing products or services in response to the Ebola outbreak, citing a lack of publicly available information.
The SEC simultaneously issued an investor alert warning about the potential for fraud in microcap companies purportedly involved in Ebola prevention, testing, or treatment, noting that scam artists often exploit the latest crisis in the news cycle to lure investors into supposedly promising investment opportunities.
The SEC Enforcement Division and its Microcap Fraud Task Force work to proactively identify microcap companies that are publicly disseminating information that appears
Deutsche Börse AG has purchased a minority stake in R5FX Ltd, a London based FinTech firm specialising in emerging currencies, for an amount in the single-digit millions (GBP).
R5 focuses on developing a new interbank liquidity pool for eNDFs and EMFX. It has been designed by and for the banks in order to optimise price and liquidity discovery. Its electronic platform combines the benefits of both exchange and OTC models for this fast growing sector of the global FX market. The company has already signed letters of intent with over 20 bank clients to join the venue and anticipates going
An increase in market volatility during October helped the Newedge Volatility Trading Index post strong positive returns for the month of October, with an increase of 1.12%, its best month since January 2012.
Quantitative Macro strategies outperformed Discretionary trading strategies, gaining 0.52% for the month, bringing YTD performance to 6.95%. The headline Newedge Macro Trading Index experienced roughly flat performance during October, posting a -0.12% return, meaning it stands at 1.57% for 2014 so far.
The Newedge Commodity Trading Index remains in positive territory for the year to date, with returns of 2.33%, although it was slightly down in
Genpact Limited and Lombard Risk Management have teamed up to provide a new solution to help financial services firms optimise their collateral management operations.
The collaboration between Genpact and Lombard Risk with CARDS and COLLINE addresses major cost pain points in the industry, and significantly improves margin and collateral management efficiencies with a true end-to-end solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's COLLINE collateral, clearing, inventory management and optimisation solution. This unique solution will enable both buy and sell-side firms to automatically digitise and capture the terms and conditions of various collateral
Senrigan Capital Group Ltd, the Asia event-driven hedge fund backed by Blackstone Group LP, returned 15 per cent in the first 10 months of this year, reports Bloomberg.
The USD348 million Senrigan Master Fund gained 6.4 per cent in September and 1.4 per cent in October, said people with knowledge of the matter
.
Senrigan is headed for the best year since its November 2009 inception. Event-driven hedge funds globally had the worst two months in September and October since May 2012, according to an index compiled by Hedge Fund Research Inc, as US managers have been hit by the unraveling of deals involving
