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With capital raising becoming even more of a Sisyphus-like exercise for hedge funds, any form of solution that can help make the process a little easier is welcome. Equally, investors are looking for more effective ways to screen, assess and ultimately reach out to managers in an increasingly cluttered market.
It was against this backdrop that HedgePo (short for hedge fund portal) was launched in April 2013 by Ryan Kalish (formerly of Stenham Asset Management) and David Tawil (formerly of Credit Suisse).
“HedgePo is essentially a tool that I felt was missing that I needed to do my job
US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners.
The increase may be the product of growing pressure on regulatory agencies to deepen the scrutiny of those working in the financial services industry following the crash in 2008.
Kinetic Partners’ research found that the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) and the Securities and Futures Commission of Hong Kong (SFC) had a
The European Energy Exchange (EEX) and the Kazakh commodity exchange Caspi JSC have concluded a cooperation agreement.
Signed on 15 May 2014 at the International Carbon Forum in Astana, Kazakhstan, both companies expressed their joint commitment to develop exchange-based emissions trading within the Kazakh emissions trading scheme.
“EEX supports the use of market-based instruments in climate policy and the long-term vision of a globally-linked emissions market,” says Peter Reitz, chief executive officer of EEX. “Therefore, we appreciate Kazakhstan’s engagement as the first Asian country to launch a national carbon market and are glad to support the development of Caspi
Alternative investment and private securities marketplace FNEX has appointed Chris Nelson as the company’s chief technology officer.
In this role he will oversee overall company operations, systems and platform development.
Nelson brings over 18 years of experience in technology. He joins FNEX from Delivra where he was director of operations, growing the company’s top line more than five times without incurring any debt, and spent many years in the role of director of information technology.
Prior to Delivra, Nelson held multiple roles at T2 Systems, Indiana Farm Bureau Insurance and served as Airborne Communications Operator for the
Fund governance firm DMS Offshore Investment Services is expanding its operations in Europe to take advantage of new opportunities in the alternative investment funds market.
DMS intends to create 50 new roles in fund governance and risk management at its European operations centre in Dublin, a move that is supported by Ireland's Department of Jobs, Enterprise and Innovation through the Industrial Development Authority (IDA Ireland).
DMS established its Dublin office in 2008 to provide fund governance services to fund promoters. In 2012, the firm added a management company service to assist promoters who needed to comply with the Alternative
The Absolute Insight Emerging Market Debt Fund has grown to over USD1 billion as at 31 March, with new flows driven by significant client interest in an absolute return approach to emerging market debt investment.
The manager of the fund and Insight’s head of emerging market fixed income, Colm McDonagh, believes current market conditions will increase the focus of clients on absolute return approaches to emerging market debt investing.
“Investing in emerging market debt (EMD) has long been a source of opportunity,” he says. “However, episodic market volatility, especially in recent times, has meant it has not always been
INDOS Financial Limited, a provider of depositary services under the Alternative Investment Fund Managers Directive (AIFMD), is planning to expand its Irish office based in Enniscorthy, County Wexford.
The investment, which is supported through the Department of Jobs, Enterprise and Innovation through IDA Ireland, will see the creation of up to 10 new jobs.
INDOS, a privately owned business headquartered in London, was established in 2012 principally to enable alternative investment fund managers managing non-EU alternative investment funds to meet new depositary requirements required by the AIFMD. The AIFMD comes into full effect for the majority of managers in
DoubleLine Capital has licensed Vichara Technologies’ V*CLO platform for analysis of collateralised loan obligations (CLOs) and their underlying collateral pools.
“The DoubleLine fixed income teams require IT solutions that can be customised to our investment approaches and existing platforms,” says Casey Moore, chief technology officer of DoubleLine. “In the CLO space, there are several systems that collect similar data points, generate canned reports and perform various degrees of analytics. Vichara’s V*CLO platform was customisable to our needs, enabling us to quickly stratify the CLO universe into our targeted cohorts for analysis by our analysts, traders and portfolio managers. In addition,
Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD).
AIFMD enters into force on 22 July 2014, imposing tight restrictions on the regulation and supervision of AIFMs to ensure greater market transparency and increased investor protection.
The directive directly affects depositary banks offering custody services on behalf of alternative investment funds. These institutions will be required to provide a general oversight of the fund’s investment activities to keep custody risk in a market or a sub-custodian under control. In the event
Genzo Kimura, Economist, SuMi TRUST, looks at whether Japan can finally move out of deflation…
Much scepticism remains among foreign investors as to whether Japan will ever be able to move out of deflation. However, recent GDP statistics released by the Cabinet Office show that the key deflation indicators, deflators, are now at the point of no decline at 0.01% when compared to the same period last year. This is a small but highly significant move.
GDP deflators can be divided into two groups; the domestic deflators and trade deflators. The domestic deflators have already reached 0.7% over 2013 which
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