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Fairlight Asset Management, an Australia–based global equity manager, has selected SS&C Technologies’ Eze Eclipse as its front-to-back investment management platform. The emerging asset manager is the latest firm to join over 50 asset managers of all sizes leveraging Eze Eclipse in APAC.
Eze Eclipse features 60 pre-built compliance rule templates and allows firms to build custom rules to accommodate unique restrictions. The system is also helping Fairlight reconcile its full investment book of record daily.
Since its launch in the APAC market in 2019, Eze Eclipse has become a top choice for investment technology for emerging hedge funds and institutional
Nordic crypto asset service provider Coinmotion has partnered with Helsinki-based cloud portfolio management platform provider FA Solutions to expand its reporting and monitoring capabilities to better cater to institutional investors and corporations.
FA Solutions has provided a solution for Coinmotion to develop and maintain its crypto asset reporting and monitoring, enabling the company to perform the daily industry-standard actions and reporting to its institutional clients. FA Solutions’ FA Platform provides an easy-to-use, automated platform for calculating net asset values (NAVs), maintaining a master crypto asset registry, performing fee calculations, and enabling all the other operations required within professional, institutional reporting.
The Depository Trust & Clearing Corporation’s (DTCC) Project Ion platform, which is being developed as an alternative settlement platform leveraging distributed ledger technology (DLT), has gone live in a parallel production environment.
The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day, and almost 160,000 transactions on peak days, with DTCC subsidiary, The Depository Trust Company’s (DTC’s), classic settlement systems remaining the authoritative record.
DTCC’s private, permissioned DLT platform was developed in collaboration with many of the world’s leading market participant and technology provider firms, including Apex Clearing Corp, Barclays, BNY
Appital, the equity capital markets technology solution, and Turquoise, the pan-European MTF, majority owned by London Stock Exchange Group, have launched Appital Turquoise BookBuilder, The world’s first algorithmic bookbuilding platform enables buy side to participate in liquidity discovery, price formation and execution opportunities in multiple days’ volume in listed equities.
This is the first buyside to buyside bookbuilding platform to give institutional investors the opportunity to proactively source liquidity. By bringing a historically highly manual and opaque process into an automated, electronic platform, they gain control over the entire bookbuilding process. Buyside firms benefit from liquidity discovery and price formation
The number of traditional hedge funds investing in digital assets has almost doubled in a year to over one-in-three, according to a report by Business Review. The report cites PwC’s 4th Annual Global Crypto Hedge Fund Report 2022, produced together with the Alternative Investment Management Association (AIMA) and Elwood Asset Management, as revealing that of the traditional hedge funds surveyed, 38% are currently investing in digital assets, compared to 21% a year ago.
Ryan Israel has been appointed as the new chief investment officer at Pershing Square Holdings, the hedge fund run by billionaire investor Bill Ackman, according to a report by Reuters. Israel has been with the firm for 13 years having joined from Goldman Sachs back in 2009.
Ackman, who earlier this year indicated that he would be taking a less vocal “quieter approach” to agitating for change at Pershing Square’s portfolio companies, opting instead to work with management, will continue in his role as chief executive officer and portfolio manager and will retain ultimate control over investment decision making.
Citadel Securities has borrowed $600 million to bolster its balance sheet and capitalise on strong demand from lenders after increased market volatility helped it record strong performance in the first six months of the year, according to a report by The Financial Tines. Q2 net trading revenues at the company reportedly surged 38 per cent from a year earlier to reach $1.9 billion.
Hedge funds Aspex Management (HK) Ltd and Oasis Management Co are among a group of Asia-focused funds that have increased their positions in Alibaba Group Holding Ltd and Sea Ltd during the second quarter of the year following a year-long rout of Chinese tech stocks, according to a report by Bloomberg.
Thew report cites analysis of the latest 13F filings – quarterly reports of US-listed holdings – of 15 Asian asset managers who had holdings of at least $200 million at the end of Q2, as revealing that the number of Alibaba shares held by the Asia-focused funds increased 311% during
The SS&C GlobeOp Forward Redemption Indicator for August 2022 measured 2.35%, up from 1.82% in July.
Hedge fund performance swung back into positive territory in July – following negative returns for much of this year – with all AUA categories and all strategies bar commodities posting positive weighted average returns.
That’s according to the latest Monthly Hedge Fund Update report from hedge fund administrator Citco, which has assets of around $1.8 trillion under administration.
The overall weighted average return for hedge funds administered by the Citco group of companies was 3% in July, up from -2.4% in June and -1.1% in May.
The firm’s commodity strategies, which have delivered strong returns so far this year amid
