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Linedata has launched the latest version of the Linedata Beauchamp portfolio management system.
The new version focuses on improving efficiency and automation for clients’ middle office operations.
Features of the new version include enhancements to workflow for corporate actions, stock loans, CDS and swap financing.
“With tighter margins and increasing costs, we know that our hedge fund clients are always seeking out efficiencies and want to focus their resources where they matter most. The latest enhancements to Linedata Beauchamp deliver a more streamlined middle office infrastructure, with a focus on developments which save on time and resources,” says Ed
Deutsche Bank’s Global Transaction Banking (GTB) division has made several appointments in its Trust & Securities Services and Cash Management for Financial Institutions (TSS/CMFI) business.
Satvinder Singh (pictured), global head of TSS/CMFI at Deutsche Bank, says: "The improvements to our business model will strengthen our ability to help clients navigate and succeed in today’s challenging environment. I’m very pleased several new management roles have been appointed from within the GTB organisation which demonstrates the depth of talent at Deutsche Bank."
Deutsche Bank has appointed four TSS/CMFI region heads who will be responsible for strengthening local relationships, aligning the bank’s global
ENYX has added key US markets decoders for its FPGA based trading platform.
CME and Nasdaq Itch, Bats, Direct Edge and NYSE Arca markets are now all available for the platform.
ENYX has built a FPGA based trading platform which integrates full-hardware networking, decoding, filtering and normalisation features with a wire-to-software solution below 1.5 µs. Customers benefit from a single API offering access to an increasing number of markets.
ENYX’s “Feed Repair Technology” enables customers’ engines to consume high volume data feeds while ensuring every tick is carried. The solution also accelerates order entry to the exchange.
“We are delighted
Trading in individual equity options on D.E Master Blenders 1753 shares has started on the Amsterdam market of NYSE Liffe, the European-based derivatives market of NYSE Euronext.
The introduction of the options follows the recent listing of the coffee and tea company on 12 June on the Amsterdam market of NYSE Euronext.
Michel Cup, chief financial officer of D.E Master Blenders 1753, says: “We are pleased with this option listing. This moment marks a completion of the activities around the spin-off and a successful start as an independent company. The new listed options complement our listing and contribute to the
The Saemor Europe Alpha Fund rose 1.2 per cent in value in June, with performance driven largely by positioning in the utilities, materials and technology sector.
Saemor’s long book posted a relative outperformance whilst the short book performed in line with the market.
The fund’s quantitative stock selection model performed well, with the best returns coming from defensive value factors (e.g. dividend, earnings and cash flow yield).
In general it was a very good month for most value factors, which came to the fore on the back of June’s increased risk appetite.
Short-term price reversion was also strongly evident whereas
NYSE Euronext has restructured the leadership team for its regulated exchange business, NYSE Liffe.
Executive vice president Mark Ibbotson has been appointed chief executive of NYSE Liffe with responsibility for exchange trading, clearing and regulation.
Executive vice president Finbarr Hutcheson has been appointed chief executive of NYSE Liffe with responsibility for commercial and business development.
NYSE Euronext recently completed an organisational realignment of its product and sales teams globally.
“I’d like to congratulate Mark and Finbarr on their new roles. Stability, trust and integrity underpin the services delivered by our markets, and Mark’s new role plays to his track record
Fund administrator HedgeServ has appointed Bill Kelly as global head of sales, responsible for building relationships with hedge fund managers, funds of hedge funds, private equity funds and institutional investment managers.
He will be based in HedgeServ’s New York office and will report to Jim Kelly, HedgeServ chairman and co-founder.
"Bill is a dynamic addition to the HedgeServ team and a knowledgeable industry veteran recognised for his expertise in helping asset managers build institutional infrastructure," says Justin Nadler, HedgeServ president and co-founder. "We are glad to welcome Bill to HedgeServ and feel his deep industry insight and reputation as a
Euroclear UK & Ireland has cut its investment fund order-routing fees for both high- and low-volume clients with immediate effect.
The tariff for 10,000 or more orders per year has been cut by nine per cent, rising to a reduction of 33 per cent for clients routing over 25,000 orders per year through the EMX Message System.
EUI’s fund order-routing fees are structured on a sliding-scale basis where higher message volumes are rewarded with lower fees. The new tariff reflects economies of scale and provides greater savings for customers that route more orders through EUI using the EMX Message System.
The Dow Jones Credit Suisse Core Hedge Fund Index closed down 0.45 per cent in June as the index component strategies reported mixed results for June.
Fixed income arbitrage (0.92 per cent), global macro (0.15 per cent) and long/short equity (0.02 per cent) were the only strategies in positive territory, while managed futures (-3.37 per cent) recorded the worst returns.
The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.
Capital Group One is launching a second Euro hedge fund to balance the risk of further losses for the Euro and Euro backed securities.
Certain high level investors with Capital Group One have already taken significant positions in the fund.
The companies’ lead fund management team is helming the new Euro hedge fund as well as the original.
This latest offer will enable the companies’ fund managers to provide shelter and relief from the hostile economic environment in the EU, which most analysts rate as a long term problem.
To date, Euro hedge funds resulted in almost 32.2 per cent
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