Latest News
Citco Fund Services has launched Citco Mutual Fund Services to meet the growing demand for liquid alternatives structures, which provide access to alternative investment strategies via more traditional structures such as mutual funds or exchange-traded funds.
The new company will extend Citco’s expertise in alternative assets to include 40 Act fund administration in conjunction with a strategic alliance with Huntington Asset Services, a subsidiary of Huntington Bancshares Incorporated.
“Retail investors are increasingly interested in alternative asset classes as an additional source of yield, and we are starting to see alternative fund managers set up 40 Act structures to accommodate
Citicom Solutions has partnered with Doran Jones, a full-service financial services consultancy, to sell Citicom Assure, a product designed to provide proactive, real-time analysis of data, including instant messages (IMs), emails, text messages and mobile- and fixed-voice recordings.
The partnership will provide a go-to-market outlet for Citicom Assure in the US through Doran Jones’ established relationships with several tier-one banks, hedge funds and other global financial institutions.
Financial institutions are now seeking the most robust solutions available to ensure they are fully compliant with Dodd-Frank voice and data recording regulations, and this partnership will assist them in creating transparency and
BNY Mellon has launched a new liquidity administration service as part of its fund of hedge funds (FoHF) offering.
The service will provide clients across BNY Mellon’s alternative fund administration and traditional custody segments with enhanced liquidity monitoring, reporting and analysis, plus advanced portfolio modelling capabilities.
The new solution is aimed both at existing FoHF clients who use ad hoc or manual processes for liquidity administration as well as public or corporate pension plans that require more sophisticated analytics and monitoring of their alternative investments portfolio.
Clients will have access to the liquidity application via the BNY
Object Trading, a provider of global direct market access (DMA), is adding support for NYSE Technologies’ Middleware Agnostic Messaging API (OpenMAMA) to its FrontRunner DMA suite.
By adding support for OpenMAMA, Object Trading will enable access to worldwide market data via the FrontRunner DMA suite with a seamless, single integration into existing OpenMAMA environments.
OpenMAMA is a high-performance open source Middleware Agnostic Messaging API, developed by NYSE Technologies with the goal of easing the integration of new messaging applications and future-proofing trading infrastructure against growing market data message rates.
Object Trading’s FrontRunner DMA suite reduces the complexities of
Liquid alternatives from IndexIQ are continuing to attract to financial advisors and investors looking to generate income but concerned about the impact of rising interest rates.
"Investors and their advisors are faced with the challenge of trying to generate income while preserving capital in the face of an anticipated rise in interest rates," says Adam Patti, chief executive officer at IndexIQ. "After the historic rise of fixed income prices due to historically low interest rates, investors are wondering what to do to diversify their fixed income exposure, which in the face of rising rates may result in significant losses on
Korea Securities Depository (KSD) and Clearstream are supporting cross-border investment fund distribution by linking KSD’s FundNet and Clearstream’s global funds processing platform Vestima.
KSD and Clearstream agreed to implement the system linkage in 2014 and start offering extended services to support cross-border fund distribution (direct and indirect distribution).
O Moon, Kwon, senior managing director, KSD, says: “The partnership with Clearstream will significantly enhance our cross-border investment fund distribution capabilities. In response to the diverse investment needs of customers we decided to establish a link with Vestima, the largest global fund processing platform which covers more than 120,000 investment funds.
The international derivatives markets of Eurex Group recorded an average daily volume of 7.4 million contracts in November 2013, compared with 7.5 million in November 2012.
Of those, 4.9 million were Eurex Exchange contracts (November 2012: 5.0 million) and 2.6 million contracts (November 2012: 2.5 million) were traded at the US-based International Securities Exchange (ISE).
In total, 103.4 million contracts were traded at Eurex Exchange and 51.2 million at ISE.
At Eurex Exchange, the equity index derivatives segment totalled 43.0 million contracts (November 2012: 49.3 million). The future on the EURO STOXX 50 Index recorded 16.3 million contracts.
Five out of six of the Market Vectors Investable Hedge Fund Beta Indices recorded positive performance in November.
Each of the indices is constructed using transparent, liquid ETFs to produce hedge fund-style returns without hedge fund pricing, opaqueness and redemption restrictions.
MV Asia (Developed) L/S Equity Hedge Fund Beta Index was the top performer with a return of 1.88 per cent, followed by MV North America L/S Equity Hedge Fund Beta Index (1.62 per cent), MV Global L/S Equity Hedge Fund Beta Index (1.38 per cent), MV Global Event L/S Equity Hedge Fund Beta Index (0.78 per cent) and
Deutsche Bank has published the results of a survey which examines the expanding role of hedge funds within the wider asset management industry.
From Alternatives to Mainstream analyses how hedge funds have evolved to run non-traditional products such as long-only and liquid alternative strategies to meet new demand from institutional investors.
Institutional investors are moving away from traditional asset allocation in favour of a risk-based approach, incorporating hedge funds into their core portfolio rather than as a separate alternatives allocation. This removes constraints on allocations to alternatives, and investors are now choosing to work with trusted hedge funds on
BCS, a trader of equities and derivatives on the Russian exchange, has appointed Gareth Johnson as senior trader to the London office, as of the beginning of October.
The appointment highlights the sustained growth of BCS’s UK business which has made a number of key hires over the past 12 months.
Relocating to London, Johnson has joined BCS to start-up the equity trading arm of the international business. Johnson recently returned to the UK after living in Russia for seven years, where he was most recently senior equity trader at Troika Dialog.
Prior to his time with Troika,
Special Reports
FeatureD
- Insight
