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The Credit Suisse Hedge Fund Index finished down 0.21 per cent in April, with six of the ten sub-strategies ending the month in positive territory.
Dedicated Short Bias led the way with a return of 3.77 per cent, followed by Fixed Income Arbitrage (0.44 per cent), Managed Futures (0.42 per cent) and Convertible Arbitrage (0.33 per cent).
Long/Short Equity was the worst performer for the month finishing down 1.03 per cent, while Market Neutral (-0.70 per cent), Emerging Markets (-0.58 per cent) and Multi-Strategy (-0.43 per cent) also finished in negative territory.
BNP Paribas is the latest member on the TOM (The Order Machine) MTF derivatives market.
TOM MTF currently has a stable market share in the Netherlands of around 30 per cent, a figure the firm expects to grow to 40 to 50 per cent later this year.
Currently more than 50 per cent of the Dutch retail flow is executed on TOM MTF.
Willem Meijer, chief executive of TOM, says: “We are delighted that an institutional firm with the international reputation of BNP Paribas will join TOM. The membership of BNP Paribas is a good signal towards both
With rumours of a Chinese national property bubble set to imminently burst, and continued negative growth figures, Maarten-Jan Bakkum (pictured), Senior Emerging Market Strategist at ING Investment Management (ING IM) offers his views on this country’s rapidly declining outlook.
In our quant screens, China currently has the weakest growth momentum of all emerging economies. In particular sales and price dynamics in the real estate sector continue to be outright negative. After the double-digit sales growth declines in Q1, April numbers are still bad. For Beijing and Shanghai, sales volumes declined by 18% and 17%, respectively, in the first three weeks
Atlantic Fund Services (AFS) has launched services for funds in Austria – the company’s seventh market around the world and its third new market in 2014.
As well as its home market, the Polish company also offers its services in Luxembourg, the US, the Czech Republic, Slovakia, Liechtenstein, and now Austria.
“In the past three years we have taken huge steps down the path of international growth of the company. Not long ago we were present only in Poland and the US, we are now in seven markets,” says Roman Lewszyk, CEO of Atlantic Fund Services operations in Europe.
Angus Taylor has joined JTC Group as group head of fund services.
He joins JTC from Herald Trust Company, where he worked as the managing director since 2012.
Prior to that, Taylor’s role was deputy chief executive officer for Kleinwort Benson Private Bank.
Taylor will primarily be responsible for leading the growth strategy for the JTC Fund Services division across all of the group’s international jurisdictions.
JTC Group's international funds team administers both closed and open ended funds established in Guernsey, Jersey, Luxembourg and the UK, as well as other non-domiciled fund structures in financial centres such
ConceptONE, a provider of risk and regulatory reporting solutions for the global asset management industry, is opening its first European office in London.
The new office will support the firm’s growing European customer base with local personnel that have expertise in data management, risk management, and global regulatory reporting.
The firm says it is committed to further expanding its presence in the EU and is budgeting for a team of up to 20 professionals locally by year-end.
“This is an important step for ConceptONE as we strive to provide the best products, services, and support to our fast
BlackRock and Tradeweb Markets have formed a strategic alliance to create electronic trading solutions in the rates and derivatives markets.
The Aladdin community, made up of BlackRock and BlackRock Solutions’ clients using Aladdin, the firm’s investment and risk system, will benefit from a fully integrated trading experience.
The alliance will fuse the Tradeweb marketplace with Aladdin to create a combination of order management, pricing, and execution tools providing clients with increased ability to recognise trading opportunities. The alliance will also benefit the broader investment community by bringing enhanced market data and trading tools to Tradeweb clients.
Through this
Hedge funds could reduce computing costs related to portfolio analysis by 50 per cent by switching to an enterprise cloud offering, according to a report from Greenwich Associates (GA).
Cloud Computing for the Buy Side: Moving Beyond the Myths finds that cloud computing and its predecessor technologies have been discussed on Wall Street since the early 1990s with many financial firms adopting variants such as vendor hosted solutions and software as a service offerings to replace local installations.
While these steps towards the cloud brought with them reduced cost and increased efficiency, investors have yet to embrace a broader move
Private equity firm Northern Lights Capital Group, a provider of strategic capital and resources to boutique asset management firms, has made an investment in Buick Capital Partners.
Buick is an independent, London-based private placement firm, providing advisory and placement services to alternative investment managers with strategies ranging from liquid hedge funds to private equity and other longer-term special situations vehicles.
The new company will be re-named Northern Lights Alternative Advisors (NLAA) and will provide expanded distribution and strategic capabilities for Northern Lights in the UK and Europe. Terms of the transaction have not been disclosed.
Buick was founded
Regulations, operating costs and back office requirements are draining resources that financial institutions need to focus on core strategic initiatives that will help drive growth and profitability.
To address this, firms are increasingly integrating technology service offerings into their software tools, such as hosting, cloud and managed services, to help them better control risks, manage costs and use resources more strategically.
SunGard has identified global trends driving the growing adoption of managed services to help firms build smarter operations over the next 12 to 18 months:
1. Multi-system environments and siloed infrastructures can slow innovation and hinder go-to
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