Latest News
Fitch Ratings has released an industry report on alternative asset managers – US Alternative Asset Managers: An Industry Update.
The publication follows the completion of a peer review of six rated alternative asset managers and their related entities, where all ratings were affirmed at existing levels.
The industry report covers a variety of trends and topics impacting the alternative space including the strong exit environment, fundraising trends, the focus on retail distribution, the growing popularity of secondary funds, and new CLO risk retention requirements.
The report also includes a comparative analysis of the six largest publicly traded firms
BNY Mellon has been awarded a Capital Markets Services Licence by the Monetary Authority of Singapore for its new dedicated subsidiary to provide fund management services in Singapore.
The licence was approved on 11 November 2013.
With the new licence, the Singapore subsidiary, BNY Mellon Investment Management Singapore Pte. Limited, will be able to conduct a full range of investment management activities, including research, portfolio management, marketing and sales of collective investment schemes.
BNY Mellon Investment Management has been offering global investment solutions to institutional investors in the region through its investment boutiques, each with their own independent investment philosophy
Traiana’s Harmony CCP Connect is the first middleware solution to match and affirm FX derivative client trades with LCH.Clearnet’s ForexClear service, following the establishment of direct connectivity with the clearing house in July this year.
Traiana’s Harmony CCP Connect provides a workflow solution via the Harmony network for both interdealer and client clearing, including CCP connectivity, trade routing, affirmation, matching, allocation, and reporting for OTC foreign exchange options and NDFs.
Andy Coyne, chief executive, Traiana, says: “We are extremely pleased to have been the first to match and affirm trades through our link with LCH.Clearnet on the day that
Zombie funds continue to plague the hedge fund world and are gradually extending their reach into the private equity market notes Jonathan Sablone (pictured), founder and chairperson, Nixon Peabody’s Private Funds Dispute Group.
As Reuters alluded to recently, data provided by Preqin suggests that private equity firms have up to USD116billion of assets trapped in these funds, so-called because they are akin to the living dead i.e. the funds are inactive, the value of the assets have remained largely dormant for years, yet managers are still collecting their management fees. A similar situation continues to persist in the hedge fund
Global Prime Partners (GPP) has become the latest asset management services client to transfer its back office and account administration and reporting to netConsult's private cloud based hosting infrastructure.
netConsult will be taking on responsibility for GPP's back office account management and support infrastructure.
netConsult provides bespoke and fully compliant IT infrastructure support for global financial entities and is dedicated to working with clients in the alternative investments industry.
Kevin LoPrimo, managing director and head of hedge fund services at Global Prime Partners, says: “Technology is a key factor in dictating a firm’s growth potential and operational strength
Cor Financial’s Salerio has published a whitepaper examining how automation in appropriate business critical areas of hedge funds operations can deliver meaningful commercial advantages.
Operational due diligence (ODD) is an increasingly important element in the decision making process of institutional investors. Investment performance without robust infrastructure is unlikely to convince investors to entrust their money to funds where doubts exist over operational systems and procedures.
With risk in general now such a focus for regulators, market operators and investors alike, the risk (and therefore cost) of potential errors within manual processing is one coming under increasing scrutiny in ODD
Sam Barnett, the 23-year old founder and CEO of SBB Research Group, is a talented individual. Having first developed a sophisticated trading algorithm as a teenager, Barnett (pictured) went on to launch his quantitative hedge fund as an undergrad at Cal Tech.
Today, Barnett is running the fund whilst studying for a post doctorate at Northwestern University. Oh, and he is also an internationally ranked tennis player.
“I believe in a disciplined and quantitative approach to investing and believe it is possible to achieve above market returns with minimal risk as long as this disciplined approach is applied,” Barnett tells Hedgeweek.
Sophie Chardon, head of quantitative and cross asset analysis at Natixis, looks at the key themes that dominated hedge fund directions in Q3 – and considers the impact on strategy.
There were three themes for hedge funds to consider in the third financial quarter of this year: the recurrence of positive economic news out of Europe, the rebound in market volatility due to uncertainty over the Fed’s monetary policy, and the capital outflows from emerging markets.
Yet despite the return of unpredictability, the industry held up well. Thanks to positive PMI results during the summer, European stock markets posted
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has appointed Jack Inglis as its new chief executive.
Inglis joins from Barclays where he was a member of the global executive committee for prime services and was previously CEO of Ferox Capital between 2007 and 2010. He also spent 16 years at Morgan Stanley where he was co-head of European prime brokerage from 2003-2007.
The appointment follows the announcement in June that current CEO Andrew Baker was stepping down. Baker had been CEO since the beginning of 2009, having previously been deputy CEO since 2007. Inglis
When it comes to the effects of ‘one-size-fits-all’-regulation for boutique asset managers, off the peg doesn’t suit everyone. The very nature of regulation has changed. It’s grown, become global, and moved from being a check box exercise to being the rigid harness that restricts the movements of financial firms, says Ed Lopez (pictured), executive vice president, SunGard’s Asset Management business…
With that said, no one would seriously argue for a return to laissez-faire regulation and governance. And the newly empowered regulators are proving that a new broom sweeps clean with firms frequently being investigated and fined from for transgressions ranging
