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Convergence has released the Global, US and non-US Prime Broker and Custody League Tables.
According to John Phinney, Convergence founder and CEO: “Prime Broker and Custody League Tables reflect years of analysis and listening to clients in these two important market segments and provide insights into sub-markets that differ from Fund Administrators and Auditors, all designed to provide greater transparency into key trends that are shaping the competitive landscape in these hotly contested market segments.”
George Evans, co-founder and Chief Revenue Officer, says:“Providing key insights into the funds and assets that name single and multiple Prime Brokers and all Custodians
Rising inflation globally is forcing asset managers to reallocate their capital into commodities and real estate, according to new research from Clearwater Analytics (CWAN).
A poll of over 100 firms representing more than USD5 trillion in AUM shows that the majority of asset managers favour commodities (58 per cent) and real estate (55 per cent) as their preferred asset classes to combat rising inflation. Interestingly, 42 per cent also see listed equities as part of their asset mix.
The research follows the US inflation report last month which showed prices rising at their fastest pace in four decades. While in
A decision to increase bets on Russian stocks just prior to the country’s invasion of neighbouring Ukraine resulted in big losses for a BlackRock hedge fund, according to reports by Bloomberg and BusinessInsider.
The investment firm’s Emerging Frontiers Fund dropped 10 per cent in February, its worst trading loss since inception over a decade ago, and is now down 7 per cent for the year to date, according to the reports, which credit the information to unnamed sources and an investor document seen by Bloomberg.
The fund’s long Russia bet accounted for 9 per cent of its total gross assets
The Association of the Luxembourg Fund Industry (ALFI) believes side-pocketing could be a solution to the current market freeze caused by Russia’s invasion of Ukraine, according to a report by Bloomberg.
The controversial practice, favoured by hedge funds but banned or severely restricted by many financial regulators, allows a firm to create a separate vehicle to hold assets that are too risky and illiquid to deal with in a normal way.
The report quotes ALFI’s deputy director Marc-Andre Bechet as saying that national regulators should reconsider their side-pocketing rules and remove any hurdles preventing fund managers from using them to
Pico has achieved an early key expansion milestone for Redline Trading Solutions (Redline), a high performance trading and market data software provider it recently acquired in January 2022.
The addition of normalised market data for Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE), extends Redline’s global coverage beyond US and European markets.
With the SSE and SZSE ranked among the largest exchanges in the world [, China is an important market for European and North American investors. Pico’s fully managed RedlineFeed™ simplifies access to these venues through optimised software and common APIs.
Ocorian, a provider of corporate, fund and fiduciary administration services for private markets, has selected the full eFront Invest suite to support the ongoing growth of its Global Funds business.
The announcement builds on Ocorian’s long-standing relationship with eFront by adding new capabilities such as Fund Administration, Investor Services, AIFM and Lite Depositary services.
Ocorian provides bespoke technology-led specialist fund services across private market segments including private equity, venture capital, direct lending, real estate, and infrastructure focussed fund managers.
Bullish, a technology company that operates the regulated cryptocurrency Bullish exchange, has reported average daily trading volume on the exchange of USD213 million in February and annualised monthly trading revenue of USD97 million.
Since the platform opened in permitted jurisdictions to select institutional customers on 24 November, 2021, and to the public in late December 2021, total trading volume on the exchange has reached over USD14 billion. The platform offers five trading pairs, with more token listings expected this year.
US President Joe Biden is expected to sign an executive order as soon as this week which will order federal agencies to analyse what types of regulations should be placed upon cryptocurrencies.
A series of studies by, which will occur over a nine-month period, will also look into the merits of establishing a central bank digital currency issued by the Federal Reserve.
The creation of a fully digital version of the US dollar would have a significant impact on global payments systems and the banking industry allowing the transfer of money by businesses and individual to other parties without the
Alter Domus, a provider of integrated solutions for the alternative investment industry, has seen assets under administration (AUA) soar to over USD1.6 trillion in the 12 month period ending January 2022, reinforcing its position as a top provider of fund administration services to the alternatives industry.
In the United States, a key growth market, Alter Domus’s assets have increased by USD360 billion (over 50 per cent increase) over the same period. The growth comes on the back of increased client demand, particularly amongst private equity and real estate managers, and as the fast-growing alternatives industry faces an increasingly complex regulatory
Brook Developed Markets Fund, a hedge fund at a unit of Odey Asset Management, has marked its Russian equity exposures down to “close to or at zero” after the country’s invasion of Ukraine, according to a report by Bloomberg.
Manager James Hanbury has written a letter to investors apologising for the losses after the USD500 million fund saw a 10.6 per cent fall last month, one of the largest since it launched nine years ago.
Hanbury’s woes, contrast with those of fellow Odey Asset Management money manager Crispin Odey whose main European Inc hedge fund ended February up 7.9 per
