Latest News
James Caird Asset Management has gone live with Tradar’s flagship product, Insight version 5.0.
James Caird, a multi-strategy fund with a strong focus on credit and fixed income, will take advantage of Insight’s portfolio management functionality for its operational requirements.
James Caird was looking to replace its existing system with a product that would support its workflow and asset class requirements and could be deployed in an aggressive timeframe. The new platform had to offer full front to back functionality, including trade entry, allocations, position reporting, flexible pricing optionality, P&L reporting, and connectivity to both prime brokers and administrator.
Nigel
The Depository Trust & Clearing Corporation (DTCC) has released details on how its depository subsidiary, The Depository Trust Company (DTC), will introduce Settlement Matching, bringing enhancements to the settlement process and further reducing settlement risk.
In a paper titled “Increasing Certainty and Promoting Intraday Settlement Finality: A Service Description for Settlement Matching,” DTCC outlined the processing changes it will make in 2013 and 2014 to implement Settlement Matching for all clients. These processing changes at DTC will be subject to appropriate regulatory rule filings and approvals.
DTC will leverage existing infrastructure to provide participants with the ability to “authorise or
Petrus Advisers has re-domiciled its Petrus Advisers Special Situations Fund from Jersey to the Cayman Islands.The decision to move the fund came as a result of investor demands, enabling institutional investors to invest in the fund and creating an internationally comparable investment product.
The Special Situations Fund seeks to generate high returns from liquid long/ short trading in the Continental European region. It is managed by a team of experienced investment professionals, based in London and Bratislava, with regional investment banking track records. The team includes managing partner and founder Klaus Umek (previously head of investment banking of Austria and
Early-stage seeding specialist IMQ has seeded a new systematic trading strategy, the Persistence Program, from Romanesco Capital Management.
The Romanesco strategy will be available via the Deutsche Bank dbSelect managed investment platform, which has been subject to an ISAE 3402 assurance audit. The high-quality institutional controls and other efficiencies offered by dbSelect can assist in reducing operational risk and help to enhance the attractiveness of new managers to all investors.
Romanesco’s portfolio is broadly diversified across 45 liquid futures markets comprising currencies, bonds, equity indices, and commodities that are implemented across the different geographical regions on a 24-hour basis
The European Repo Council of the International Capital Market Association (ICMA) has released the results of its 24th semi-annual survey of the European repo market, which sets the baseline figure for market size at EUR5,611bn.
This figure shows a 0.9 per cent decline in the size of the market since the last survey in June 2012 and represents a 9.5 per cent reduction of repo business since the December 2011 survey.
Analysis of a constant sample of survey respondents, using only the figures for the banks that participated in the last three surveys, reveals a more marked decline in market
Kinetic Partners’ application to become a fund management company (MANCO) in Luxembourg has been approved by the Luxembourg Financial Authority (CSSF).
The issuance of the licence will enable Kinetic Partners (Luxembourg) to host third party Undertakings for Collective Investment in Transferable Securities (Ucits) funds – and in the future Alternative Investment Funds (AIFs) – to ensure adequate risk oversight, corporate governance and compliance of fund structures with local and international laws and best practices.
The successful application follows the introduction of the “Kinetic Passport” service, launched in Q4 2012. The service provides support in the registration, maintenance and overview
Joanna Shatney (pictured), Head of US Large Cap Equities at Schroders, shares her views on the recent sequestration in the US…
We are now in the first week of sequestration – sequestration refers to the mandatory cuts in spending that went into effect 1 March in the US, directly impacting defence and Medicare spending (part of the Budget Control Act of August 2011).
While some of these cuts are already partially reflected in Wall Street estimates, there are likely to be some downward revisions to GDP by Street economists – there is probably another ~50bps downward revision risk. We are
Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, has been arrested in Italy on US federal fraud charges that accuse him of orchestrating a market manipulation scheme designed to artificially improve the performance of his funds.
The fraud led to at least USD200m in losses to investors around the world.
Homm, 53, was arrested at the Uffizi Gallery in Florence, Italy, at approximately 12:30 pm on Friday. Federal prosecutors in Los Angeles obtained an arrest warrant on 6 March, after filing a criminal complaint that charges Homm with four
In a joint partnership with the Cayman Islands Government’s Ministry for Financial Services, Cayman Finance will be co-sponsoring the thirrd annual Hedge Fund Brazil Forum, scheduled to take place on the 18 and 19 March in Rio de Janeiro.
There will be a strong contingent from the Cayman Islands attending the event, including The Hon Rolston Anglin, Deputy Premier and Minister for Education, Financial Services, Training & Employment; Dr Dax Basdeo, Chief Officer in the Ministry for Financial Services; Heather Smith, deputy head of investment and securities at the Cayman Islands Monetary Authority; and Gonzalo Jalles (pictured), chief executive of
Geneva-based Alix Capital, provider of the UCITS Alternatives Index, this week published its latest UCITS Alternative Index Trends survey. The survey found that 38 per cent of respondent believe that investment consultants are “behind the curve” when it comes to advising their clients on UCITS-compliant hedge funds.
And in a sign that suggests improved risk appetite for 2013, the survey found that for the first time since the summer of 2011, respondents plan to increase their allocation to equity long/short strategies, and reduce their holdings in fixed income; some 48 per cent plan on increasing their equity long/short strategy exposure,
