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Over 40% of executives from buy-side firms across the US are not confident that the data they are receiving from disparate systems such as order management systems, accounting, performance and risk systems is consistent and of high quality, according to a new survey by SimCorp.
In addition, 67.4% of respondents believe that there is significant effort involved in reconciling data between disparate systems and sources. Approximately 22% of respondents indicated that it would take days to generate a report calculating their firm’s exposure/performance across all holdings, including derivatives (vs. minutes or hours). Nearly eight percent responded that this would take
Following the sudden death of Andrew Dalton in April 2011, agreement has been reached, in principle, for the purchase of equity of Dalton Strategic Partners (DSP) from the Dalton family, by the executive partners of the firm.
As a result of the transaction, senior executives of DSP will control 51.5% of the equity of the firm while the Dalton Family will continue to retain a quarter of the firm’s equity. The agreement, for which Heads of Terms have been signed, is due to complete in February 2012 and will ensure that the firm remains independent and incentivises the executives to continue
The start of this year looks very different to 2011 and 2010 even though the themes and stress points remain the same: Risk is cheaper, non government net issuance is negative, investor allocation to financials and growth related assets is low, another upturn in the global liquidity cycle is starting and Euro break up fears recently hit new highs, according to Graham Neilson, chief investment strategist, Cairn Capital…
Cairn has been taking a more positive tactical slant against a structurally bearish economic and deleveraging backdrop. A number of key catalysts for being more tactically positive fell into place during Q4
Brian McMahon, Managing Director, Business Development Executive, has been appointed as BNY Mellon’s senior alternative industry facing executive in Luxembourg.
McMahon has particular expertise in private equity and real estate and is also being asked to develop business and relationships for EMEA in PE/RE. He previously held roles at Citi and State Street in investment services.
In addition, the company has promoted Valeria Anderson to Senior Salesperson, Vice President, in the company’s London Alternative Investment Services (AIS) business development team. She has 14 years of experience in financial services, six years of which with BNY Mellon, first in the
Options IT, provider of the Options PIPE Private Financial Cloud services platform for the exchange, banking, trading and investment communities, has reported a strong surge in demand in 2011 among hedge fund managers for its PIPE Core financial office delivery and support service.
Options IT signed 16 PIPE Core hedge fund clients across North America, Europe and Asia, representing nearly 350 new end users of the service in 2011. The solid growth in demand indicates a sustained recovery in the alternative investment management space globally and a continued adoption of on-Demand technology infrastructure services like Options IT’s Private Financial Cloud
eVestment Alliance is to act as Callan Associate’s data collection platform for hedge fund of funds and other alternatives strategies.
eVestment’s database serves as a central clearing house for institutional subscribers, while providing for a more efficient distribution platform for hedge funds that market to institutional investors and consultants.
Jim McKee, Senior Vice President of Hedge Fund Research at Callan, says: "We believe eVestment is the most capable and flexible survey data gatherer and provider in the hedge fund community. Consequently, we are excited to work with eVestment specifically for our hedge fund data needs, as it will enable our
Long/short equity is the most popular strategy pursued by Alternative UCITS (Undertakings for Collective Investment in Transferable Securities) funds, and overall, funds invested in emerging markets have posted the best performance from January 2002 through October 2011, according to PerTrac.
A new 30-page report titled, “The Coming of Age of Alternative UCITS Funds,” also indicates that smaller funds outperform larger ones based on a comparison of equal-weighted and asset-weighted cumulative return of PerTrac’s Alternative UCITS Fund Index.
The PerTrac report is the most comprehensive study of Alternative UCITS funds conducted to date. Alternative UCITS funds are pan-European investment vehicles
Laurent Vanderweyen (pictured)has joined Alter Domus – an independent provider of professional administration services for multinational corporations and alternative investment funds – as CEO of its Luxembourg office and Global Head of Fund Services.
“I am confident that Laurent is the right person to lead and drive the development of Alter Domus’ Luxembourg office, our firm’s headquarters, and foster our current international Fund Services offering” says Dominique Robyns, President and Chairman of Alter Domus, who is now devoting greater attention to the firm’s international expansion efforts. Since 2007 Alter Domus has established 14 new offices and desks worldwide and has
The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Timothy Michael Murphy of Redding, Connecticut, and his New York-based company, Centurion Global Capital Management LLC (CGCM), for fraudulently soliciting at least 40 customers to participate in a commodity pool.
The CFTC’s order requires Murphy and CGCM jointly and severally to pay both a USD140,000 civil monetary penalty and restitution of USD220,000. The order also permanently prohibits CGCM and prohibits Murphy for a five-year period from trading on a CFTC-registered entity and from registering or seeking exemption from CFTC registration.
The order finds that between about May
Alcentra Limited, one of Europe’s largest and longest established credit managers, which is majority owned by BNY Mellon (95 per cent stock holding), is launching a new leveraged loan and high yield bond fund.
Alcentra European Floating Rate Income Fund Limited, which was announced at a London press conference last week, is a Guernsey closed ended investment company listed on the London Stock Exchange. It has a target annual return objective of 7 per cent to 10 per cent and will pay out a quarterly dividend initially targeted at 5.5 per cent per annum.
Three of Alcentra’s senior executives hosted
