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Calypso Technology has released an interface to the DTCC’s global trade repository service (GTR) for EMIR (European Markets Infrastructure Regulation) reporting.
DTCC’s GTR, which is one of the six TRs approved by the European Securities Markets Association, offers regulators transparency into the USD650trn OTC market.
The Calypso product is released in advance of the 12 February 2014 deadline for EMIR trade repository reporting for all asset classes. The module is an extension of Calypso’s OTC Clearing Solution for CCPs, clearing members and derivatives end users. It builds on Calypso’s DTCC GTR for Dodd-Frank reporting on OTC derivatives, delivered in
Mariner Investment Group has named Robert Hodgson and Michael Oberdorf to run a global healthcare long/short equity portfolio on the Mariner Incubation Platform.
Mariner originally launched the mandate in April 2013 to be managed by leading investment talent sourced from the hedge fund industry.
Hodgson and Oberdorf formerly were founding partners and portfolio managers of Lenus Capital Partners where they managed a long/short equity healthcare fund, and had previously worked closely together at both BlackRock and Merrill Lynch Investment Managers.
It is the fifth addition to the investment team managing the current Mariner Incubation Platform mandate.
The
All six of Market Vectors’ investable hedge fund beta indices returned negative performance in January.
The MV Emerging Markets L/S Equity Hedge Fund Beta Index was the worst performer down 3.46 per cent.
This was followed by MV Asia (Developed) L/S Equity Hedge Fund Beta Index (-3.29 per cent), MV North America L/S Equity Hedge Fund Beta Index (-2.62 per cent), MV Global L/S Equity Hedge Fund Beta Index (-2.02 per cent), and MV Western Europe L/S Equity Hedge Fund Beta Index (-1.91 per cent).
MV Global Event L/S Equity Hedge Fund Beta Index had the lowest fall
European equity buy-side firms are struggling to pay for research by order flow alone, with nearly two-thirds saying research will eventually be paid from management fees, forcing radical change to payment models.
According to TABB in its annual European equity trading benchmark study, “European Equity Trading 2014, Part I: Get Set for Innovation,” optimism over the future of Europe has returned, leading to a 16 per cent increase in average daily volume from the sample set of firms interviewed, but only a nine per cent increase in commissions.
Long-only asset managers in particular warn of a further decline in
Akre Capital Management has appointed Daniel Leger as head of strategic planning and client services.
With extensive alternative investment industry experience, Leger will focus on building and expanding the firm’s relationships with institutional investors and consultants.
“We are delighted to have Daniel be a part of our team,” says Charles T Akre, Jr, the firm’s founder. “He will be instrumental in fostering new relationships with institutional investors and helping us think critically about how we should continue to grow our firm.”
Prior to joining Akre Capital Management, Leger worked with a wide variety of fund managers. He has held
The Conifer Group and Vastardis Capital Services have signed a definitive merger agreement to combine their respective businesses.
The newly formed company, to be called Conifer Financial Services, will be one of the largest independent alternative asset services firms offering expanded capabilities to clients on a global scale.
At inception, Conifer Financial Services will have combined assets under administration (AUA) of more than USD70bn and offer trade execution services to over 200 clients worldwide.
Jack McDonald, currently CEO of Conifer Group, will become president and CEO. William Vastardis, founder and president of Vastardis, will be named chairman.
The merger brings
“We are a centre of expertise for hedge fund investments,” states Jean-Marc Stenger, CIO for Alternative Investments at Lyxor. “When clients come to us, they want access to experts in relation to strategy selection, manager selection and portfolio construction – those are our three main areas of expertise.”
A lot has changed in the hedge fund industry since Lyxor was established in 1998. Pre-2008 hedge funds were mainly the preserve of private investors. Post-2008, a new paradigm has emerged, one in which institutional investors now dominate. Their needs and requirements for hedge fund investing are unique and wide-ranging. Lyxor has
Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at EUR124.9bn in January 2014, up from EUR94.6bn in January 2013.
Of the EUR124.9bn, EUR112.9bn were attributable to Xetra (January 2013: EUR85.5bn) and EUR5.8bn were attributable to the Frankfurt Stock Exchange (January 2013: EUR5.2bn).
Order book turnover on Tradegate Exchange totalled approximately EUR6.2bn in January (January 2013: EUR3.9bn).
In equities, turnover reached EUR108.2bn on Deutsche Börse’s cash markets (Xetra: EUR99.7bn, Frankfurt Stock Exchange: EUR2.9bn, Tradegate Exchange: EUR5.7bn). Turnover in bonds was EUR1.1bn, and in structured products EUR1.8bn. Order book turnover in ETFs/ETCs/ETNs amounted to EUR13.6bn.


Schulte Roth & Zabel (SRZ) has added Steven Whittaker as a partner in the investment management group, resident in the firm's London office.
Whittaker joins SRZ from Simmons & Simmons.
Founded in New York in 1969, SRZ opened its London office in 2002. The UK practice added 50 new funds clients in the past year. The firm represents nearly half of the 100 largest hedge funds and more than 3,000 investment funds globally.
"I am very excited to join Schulte Roth & Zabel, which advises some of the most celebrated names in the European hedge fund industry. I
ConceptONE has completed one of the first Alternative Investment Fund Managers Directive (AIFMD) Annex IV transparency reports.
The new regulatory report was submitted to the FCA in the industry's inaugural round of Annex IV filings using ConceptONE's RegERM platform.
AIFMD presents substantial regulatory, operational and compliance challenges to Alternative Investment Fund Managers (AIFMs).
The ConceptONE solution aggregates, validates, and normalizes the data for reporting across multiple securities, funds, strategies and administrators, streamlining the completion of multiple reports. After repurposing the input data used for regulatory reporting, ConceptONE's engine applies calculations to the specific regulatory reporting protocols. The end result is
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