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An increasing sense of urgency for data and reporting among investors is sharpening the focus on quality to ensure excellence is preserved as client demand for speed rises. The way this data is delivered is also changing in view of investor needs.
“The push for delivery of financial statements and other deliverables as quickly as possible has increased significantly,” notes Jill Calton EVP, Executive Director Alternative Investments, UMB Fund Services, underscoring the growing calls for more for transparency alongside these shorter reporting deadlines.
This increasing sense of urgency can impact quality if not managed appropriately by administrators. Calton details how
As the rate of data proliferation intensifies, hedge fund managers are increasingly leavening their discretionary approaches with quantitative methods in order to better utilise the available data.
“Traditionally, the idea was that asset managers were either discretionary, making investment decisions in a less systematic way, or they were quants – susceptible to criticism for following a too strict rules-based approach. The truth is somewhere in the middle, where both sides apply some measure of the other in their approach but in different parts of their investment processes,” says Daniel Leveau, VP Investor Solutions at SigTech, “However, the explosion in technology
Following several waves of evolution, the research market landscape has witnessed the growth of modern RMS solutions which are built to grow in line with the funds they service. Going forward, interoperability and adaptability will define the future of these solutions.
The proliferation of data is now an accepted fact. As growth projection rates of data hit 60% year on year, building a solid data foundation and knowing how to make the most effective use of that data becomes a critical focal point that will help a business achieve its broader goals.
“Hedge funds need to have an ambitious plan to keep up with the growth in data,” advises Alex Dobson, senior vice president of product at Arcesium. “As hedge funds continue to converge with other segments, like private equity, their need to support the increasing variety of data sources continues
A prominent advisory firm has advised shareholders in luxury goods company Richemont to vote against activist investor Bluebell Capital Partners board nominee at a forthcoming annual meeting, according to a report by SwissInfo.
In a report on Monday, Institutional Shareholder Services Inc recommended that shareholders reject the British activist hedge fund’s proposal to appoint Bulgari CEO Francesco Trapani to the board as representative of Richemont’s A-class equity holders, saying the appointment wouldn’t serve their interests.
Shareholders have also been urged not to to vote for Trapani by Richemont chairman Johann Rupert, partly because he was the CEO of Bulgari when
M28 Capital has acquired an additional 2.85 million share in Adagio Therapeutics (ADGI) at an average of $4.28 per share, bringing its holding to 9.2 million, according to a report by 247WallStreet.
The report cites a 13D/A filing with the US Securities & Exchange Committee as revealing that the healthcare focused hedge fund now holds 8.5% of the company, having bought its first 5.6 million ADGI shares in May 2021 and a second tranche in April 2022.
M28 Capital, which also holds stakes in Wave Life Sciences, Rocket Pharmaceuticals Inc (RCKT), Stoke Therapeutics Inc (STOK) and BridgeBio Pharma (BBIO), is
Hidden Road, a new prime broker focused on digital assets and foreign exchange has secured the backing of some of the world’s biggest trading houses and cryptocurrency firms, according to a report by Bloomberg.
Hidden Road, which was founded in 2018 by Marc Asch – formerly with Steven Cohen’s hedge fund SAC Capital and Point72 Asset Management – closed a $50 million funding round last month with support from Ken Griffin’s Citadel Securities as well as the investment arms of cryptocurrency exchanges FTX Trading Ltd and Coinbase Global Inc. The report cites Hidden Road executives as saying that hedge funds
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
