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SS&C Technologies has acquired Texas-based Hedgemetrix, a boutique full-service fund administrator providing accounting, tax, and consulting services to domestic and offshore hedge funds, private equity funds, funds of funds and their investment managers.
Upon completion of the acquisition Hedgemetrix will operate as part of the SS&C GlobeOp business.
SS&C’s latest acquisition strengthens SS&C’s global fund administration business, SS&C GlobeOp, establishes a presence for the company in Dallas and gives SS&C GlobeOp local expertise to offer fund services in the Southwest region.
“This is an exciting growth story for us,” says Jacqueline Freeman, co-founder, Hedgemetrix. “We are thrilled to
Kinetix Trading Solutions, a technology solutions provider to capital markets firms, has hired Tim Mund as its global head of sales and marketing.
The Princeton, New Jersey based firm is expanding with focused efforts on revenue growth and branding in order to keep up with customer demand, especially in the area of Dodd-Frank Act compliance for investment banks and hedge funds.
Mund joins the firm with nearly 20 years of technology sales and marketing experience, the last decade of which has been focused on the financial industry. His prior work at Recognia, 29West (now part of Informatica), Solace Systems and
Amundi has extended its range of volatility funds with the launch of Amundi Funds Absolute Volatility Arbitrage Plus.
This Ucits IV-compliant sub-fund of the Luxembourg SICAV Amundi Funds offers investors an original solution, providing diversification and decorrelation compared to other asset classes.
Amundi Funds Absolute Volatility Arbitrage Plus aims to generate an annual performance of over EONIA capitalised four per cent, over a minimum investment horizon of three years and with a maximum risk budget of VaR eight per cent.
Volatility, seen by Amundi as an asset class in its own right, enables performance generation by tapping opportunities arising
SAIF Partners, one of China’s biggest domestic private equity firms with around USD4billion in assets under management, plans to launch a Greater China hedge fund reported Reuters this week. This would make it the first Chinese PE firm to move into the hedge fund space, although the plans are still very much at an early stage.
If and when it launches, the SAIF Partners Greater China Fund will, as seems the perennial norm for so many Asian hedge funds, adopt a long/short equity strategy. Former World Bank economist Andrew Yan, who leads the firm, made no mention of start-up capital
Etops, a provider of middle office outsourcing and consultancy solutions, is expanding its business activities to Geneva.
Arnold de Christen will be taking over the management of the newly established branch and customer care for clients in French-speaking Europe.
At the same time Etops is strengthening its sales team with Roberto Masciadri as head client solutions. In addition, the company has created an advisory board.
Two and a half years after its foundation Etops now has 23 employees at its locations in Pfäffikon SZ and Bratislava/Slovakia.
“The expansion in personnel, the two additions at management level, our geographical expansion and
Insurers and investors should prioritise investing in assets with little or no correlation to financial markets given the uncertain future for the global economy, according to PDL International, a provider of investment services to institutional and high net worth clients.
Speaking at the first Asia Conference on Investment and Portfolio Management for the Insurance Industry in Hong Kong, Keith Campbell Golding (pictured), chief representative for PDL in Asia, told an audience of senior management figures at insurers across the region that given the current economic climate, picking the right combination of assets in investment portfolios has never been so important.
Jeff Keen (pictured), fund manager, Waverton Global Bond fund, J O Hambro Investment Management (JOHIM), on the impact of the Fed’s and ECB’s stimulus measures…
September saw the official confirmation of long awaited stimulus initiatives from both the Fed and ECB. The Fed announced an open-ended QE programme, focused on purchasing USD40bn of mortgage-backed securities (MBS) a month as well as extending its conditional commitment to leave its policy rate at near-zero through mid-2015. It also stressed that future policy action will depend on how economic conditions develop with a particular focus on the level of unemployment.


Meanwhile, the ECB
Hedge fund manager Man Group has reported net outflows of USD2.2bn in Q3 2012 up from USD1.4bn in the previous quarter.
This is the fifth straight quarter that the firm has seen net withdrawals of client funds although it stresses that the latest outflows are concentrated in lower margin product lines (institution fund of funds and GLG long-only).
Funds under management (FUM) as at 30 September 2012 totalled USD60.0bn, up 14 per cent since 30 June 2012 (USD52.7bn) with Man’s acquisition of FRM, which closed on 17 July, adding some USD8.3bn.
“The flow environment continues to be challenging and this
Greg Coffey (pictured), one of the star traders of the UK hedge fund industry, is quitting Louis Bacon’s Moore Capital Management to return to his native Australia.
According to reports, the 41-year-old, who is reckoned to have accumulated an estimated GBP260 million during his career, is taking early retirement to spend more time with his wife and three young children.
Coffey, known as the Wizard of Oz in trading circles, informed investors of his decision by letter. He intends to liquidate the GC Moore Emerging Macro Fund by the end of the year.
Coffey is no stranger to making bold
Natural catastrophe and weather risk reinsurance specialist Nephila Capital has joined the Hedge Funds Standards Board (HFSB) as a signatory member.
HFSB brings together managers, investors, regulators and consultants from around the world to help determine how the hedge fund industry should operate.
Over 76 hedge fund managers so far have committed to the standards accounting for over USD260bn in assets under management. Sixty major international investors, including pension and endowment funds, sovereign wealth funds and funds of funds, have embraced the HFSB as members of the organisation’s Investor Chapter to drive adoption of the standards.
"As part of the
