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State Street Global Advisors (SSgA) has launched two currency investment strategies on Deutsche Bank’s dbSelect, its platform for accessing liquid hedge fund strategies.
The move allows investors to access SSgA’s Developed Markets Currency and Emerging Markets Currency strategies in a transparent, liquid and efficient manner through Deutsche Bank’s dbSelect platform. Managed investment platforms allow hedge fund managers to offer multiple ways of accessing investment strategies, whilst reducing counterparty risk and increasing liquidity for investors.
SSgA has extensive experience in evaluating currency markets through active and passive currency management. SSgA’s Developed Markets Currency and Emerging Markets Currency strategies target returns from
LCH.Clearnet Group Limited has signed non-binding heads of agreement with International Derivatives Clearing Group, LLC (IDCG) and The NASDAQ OMX Group, Inc (NASDAQ OMX) regarding the acquisition of IDCG.
The transaction would represent the latest move by LCH.Clearnet Group to further enhance the range and flexibility of its clearing solutions and would facilitate its recently announced US cross-margining initiative.
LCH.Clearnet Limited (LCH.Clearnet) already operates interest rate swap clearing in the US through its market-leading SwapClear service. The acquisition of IDCG would be further testament to LCH.Clearnet’s commitment to the US marketplace and its aim of providing buy-side participants with more
Specialist investment manager Polar Capital Holdings has hired Michael Hufton to assist Robert Gurner and Andrew Marsh in the management of the Polar Capital European Conviction Fund and the Polar Capital European Forager Fund.
Hufton was most recently employed at Sloane Robinson LLP as a European Fund Manager. Prior to joining Sloane Robinson in 2008, he was a partner of Bruce Nelson Capital LLP. Hufton started his career in 1995 at Cazenove & Co in London, and was made a partner of the firm in 2001. He graduated from the University of Durham with a degree in French and
Axiom Fund has waived its management fees for the Axiom UCITS Alternative Investable Index Fund (the Axiom Fund) becoming the first fund of funds in the alternative UCITS space to charge performance fees only.
Axiom Fund is taking this step to better align the interests of investors in the fund and lead the way in developing a new approach to fees for the UCITS industry. The 1% management fee will be replaced with a 10% performance fee, meaning that investors will now only pay fees when the fund delivers positive performance. The performance fee is subject to a high water
MaplesFS, an independent global fund services and fiduciary services provider, has expanded its presence and regional commitment in the Middle East with three senior hires in its Dubai office.
Fred Tabbal joins as Regional Head of Fund Services, Andrew Millar joins as Senior Vice President of Fiduciary Services, and Charlotte Windsor as Vice President of Fund Services.
In their new roles, Tabbal and Millar oversee strategic direction for their respective line of business in the region, business development, and will be responsible for managing the entire Middle East team and operations. Windsor has operational responsibility for the fund accounting and
Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 years according to a new study by The Centre for Hedge Fund Research at Imperial College in London.
The research, commissioned by KPMG, the international audit, tax and advisory firm, and the Alternative Investment Management Association (AIMA), the global hedge fund association, is the most comprehensive of its kind to date.
The report, entitled “The Value of the Hedge Fund Industry to Investors, Markets and the Broader Economy”, found that, per annum, hedge funds returned 9.07% on average after fees between 1994
ULLINK, a provider of connectivity and trading solutions for the global financial community, has released the latest and fastest version of its flagship product, UL BRIDGE 4.
UL BRIDGE 4 doubled the latency reduction from its predecessor while increasing message throughput and approaching hardware based technologies performances. All business processes available on UL BRIDGE will take advantage of these enhancements, including but not limited to the library of 70 market gateways, the library of 500 adaptors to the trading systems of the world, the pre trade risk applications (UL IRIS), the smart order router (UL SMART) and the algorithms (UL
Trading algorithms are nothing new. But the way they’re being used is changing, with managers today requiring more and more customisation. From a technology perspective, this is putting sell-side institutions under greater pressure.
Algorithms have to behave in the right way for a particular trading account in a particular market. Buy-side traders know exactly what they’re getting when they initiate an order.
The only downside to customisation is that transparency can become something of an issue; quite simply, running multiple algos with multiple brokers can quickly become an operational headache. “It’s starting to become a case where some clients are
Interview with Tyler Kim – Historically, risk reporting solutions were developed to cater to the needs of sophisticated portfolio managers that require a broad array of data-inten
By James Williams – Over the last three or four years the technology platform between fund administrators and managers has become all-encompassing in terms of supporting front- through back-office operations. There’s a clear push towards real-time integration of services between managers and their administrators, brokers and custodians, and whilst technology vendors are clearly meeting this challenge there’s still plenty of room for improvement.
One of the obvious consequences of managers paring back their technology infrastructure is that fund administrators are being pushed harder than ever to give them the support they demand. This in turn is because managers themselves are
