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Global Prime Partners (GPP), a prime brokerage boutique which specialises in supporting emerging managers, has expanded its client service capabilities in the Asian markets with the hire of investment industry veteran Rupert Street who joins the firm with immediate effect.
Street will lead GPP’s growing business and client support services throughout the Asian markets region based out of Hong Kong.
He has more than two decades of financial markets and investment experience in the Asian region which includes managing his own hedge fund, running a family office, and acting in an advisory capacity to a number of Hong
Moscow Exchange has launched the next stage of T+2 implementation on its Securities Market by extending the list of eligible shares from 15 to 50 names.
All sovereign bonds (OFZs) issues have been available for T+2 since 25 March 2013. Parallel trading with T+0 settlement will be available for all T+2 eligible securities until 30 August 2013. All other shares traded on the Moscow Exchange will migrate to T+2 on 2 September, when T+0 settlement for all shares, Russian depositary receipts (RDRs) and OFZs will end.
Furthermore, the exchange offers new opportunities to Securities Market members:
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Hedge funds posted the first monthly decline for 2013 in June, ending a streak of seven consecutive months of gains, the longest run of positive performance seen by the industry since 2011, according to data released by HFR.
The HFRI Fund Weighted Composite Index declined 1.3 per cent for the month, only the second decline in the trailing 13 months.
All four main HFRI Strategy Indices posted losses for June, with declines led by macro and equity hedge strategies. The HFRI Macro Index posted a decline of 1.5 per cent with negative contributions from trend following strategies, fixed income,
The IndexIQ IQ Alpha Hedge Strategy Fund, a no-load, open-end mutual fund, marked its five-year anniversary on 30 June 2013.
At its introduction, the IndexIQ fund was the first open-end hedge fund replication mutual fund in the market. Total assets in US alternative mutual funds and exchange-traded funds (ETFs) are now approximately USD550bn, according to a recent report from SEI.
“Since we launched the IQ Alpha Hedge Strategy Fund, both retail and institutional investors and their advisors have come to embrace ‘liquid alternatives’ as an asset class, recognising that these funds can bring diversification, liquidity, and other desirable
Omgeo and Eze Software Group are launching a high-performance interface to fully automate futures and options matching between the Eze OMS and Omgeo Central Trade Manager (Omgeo CTM), a central matching solution for domestic and cross-border exchange-traded derivatives (ETDs), equities and fixed-income transactions.
This new interface has been developed using Omgeo CTM’s native XML messaging format and greatly improves both the speed and capacity with which trades and trade statuses can be delivered between the two systems.
The Eze OMS is a global multi-asset class order management system that streamlines the investment cycle from idea generation through settlement.
A partnership of industry leaders in the investment consultancy and alternative asset sectors has launched an independent investment platform for investors and hedge fund managers, geared toward the investment markets of 2013 and beyond.
ClearVest offers a total portfolio solution with an intelligent interface between a diversified offering of alternative managers, research, institutional quality infrastructure, and leading edge technology.
The ClearVest founders bring a combination of experience and expertise in fund administration, fiduciary oversight, technology and research to the investment platform. HedgeACT, an alternative asset management platform founded by Michael E. Griffin, will provide the technology backbone for
Alternative Investment Group, an alternative investment management firm that invests in fundamentally-oriented hedge funds, has named managing directors Joel Gantcher and Samuel Sussman as partners at the firm, effective immediately.
Gantcher (pictured) and Sussman joined the firm in January 2012 and will continue to serve on the firm’s investment committee.
Gantcher is head of manager research and oversees manager research, sourcing and due diligence efforts.
Sussman is head of investment strategy and directs the firm’s top-down research and leads the sourcing and monitoring of event-driven, credit and distressed managers.
"I congratulate Joel and Sam on becoming
Fund services provider SEI has chosen Calastone to provide its order routing service for the UK business.
SEI, which manages or administers USD495bn of assets globally across pooled and separately managed accounts, will now move toward automated order processing for transactions across its retail fund range and goals-based strategic portfolios.
The move will result in faster turnaround times for order confirmations and contract notes which in turn allow SEI and client counterparties to reduce processing time and benefit from a reduction in operational risk.
Calastone’s system allows all parties in the process – third party administrator, distributor
Paris-based Melanion Capital has received authorisation from the French Autorité des Marchés Financiers to become the first alternative manager to specialise in investment in dividend futures.
Led by Jad Comair, founder and chief investment officer, the Melanion team traces its track record and expertise in dividend futures (at a French investment bank) from 2008, the year of the first listing of a dividend future on Eurex.
Since 2008, the dividend futures market has expanded in volume, in the number of traded instruments (single stocks, indices, options, etc), the number of exchanges issuing these contracts (Eurex, NYSE Euronext, MEFF, LSE,
HedgeStart Partners, the London-based alternative investment consulting firm, has partnered with Commensus to provide IT outsourcing and cloud-based services to HedgeStart’s clients.
HedgeStart provides consulting and other outsourced services to both new and established investment businesses, including hedge funds, fund managers, advisors and institutional investors.
London-based Commensus provides managed cloud, business continuity and IT outsourcing services to investment managers and other businesses.
Under the terms of the agreement, the provision of outsourced IT consulting services to HedgeStart’s client base will be transferred to Commensus along with delivery of both infrastructure and user support for HedgeStart’s own business.
