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Hedge funds and other alternative asset managers have just three months left to prepare for the Investment Firms Prudential Regime, the far-reaching new regulatory framework which potentially heralds “complex and multi-faceted” compliance processes for firms.
Ultimus LeverPoint Private Fund Solutions, a leading private fund administrator, has appointed Todd Werner as Senior Vice President, Private Fund Operations.
Werner will play a central role in working with the client services teams on deliverables and will also help to continue evolving the firm’s operating model through the use of technology. Werner’s 25-year career includes a strong emphasis on developing and enhancing operations to meet client and business challenges for major asset management firms covering alternative investments, including hedge funds, private equity funds and venture capital funds.
In this new position at Ultimus LeverPoint, Werner will lead the firm
Alternative investment platform CAIS has announced that CAIS IQ is supporting independent broker dealers and home offices through its membership and sponsorship of two leading trade associations: the Alternative and Direct Investment Securities Association (ADISA) and Institute for Portfolio Advisors (IPA).
These sponsorships represent CAIS’s commitment to empowering financial advisors with the education they need to allocate to alternative investments.
“We are happy to have CAIS join ADISA as a new member and sponsor as they work to broaden their relationships throughout the broker-dealer community,” says John Harrison, DBA, Executive Director of ADISA. “ADISA prides itself on broadening access to
Alpha FX Group, a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, has launched an alternative banking platform for the alternative investment sector.
As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a significant opportunity for the alternative investment banking solution.
This follows a lengthy and highly successful ‘private launch’ of the platform within Alpha’s existing client base. This provided the Group with the time to gather user insights and develop further enhancements as it worked towards launching
The global hedge fund business continues to set, then break, new overall AUM records as investors pour more money into hedge funds and performance gains bolster industry AUM further.
According to the just-released August eVestment Hedge Fund Asset Flows Report, investors added another +USD12.03 billion to hedge funds in August. Year to date (YTD) inflows sit at +USD38.28 billion. That new money coupled with performance gains throughout the year brought the overall hedge fund business to a record USD3.622 trillion AUM last month.
“This year has been a good one for hedge fund AUM growth, and August net flows
PGIM Investments continues to expand its platform of alternative investment solutions with the launch of the PGIM Wadhwani Systematic Absolute Return Fund, a proprietary quantitative and systematic global macro strategy seeking long-term risk-adjusted total return.
This is PGIM Investments’ first PGIM Wadhwani strategy offered as a US mutual fund.
“Investors are facing a challenging market environment where stock market valuations are historically high and bond market yields are historically low. Alternative investment solutions like global macro strategies may offer a compelling way for investors to generate uncorrelated risk-adjusted returns to complement their traditional 60/40 portfolios,” says Stuart Parker, president and
Northern Trust (NTRS) has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of over-the-counter (OTC) derivatives.
The solution, made available to clients in advance of a key deadline for implementation of Uncleared Margin Rules (UMR), was developed as part of Northern Trust’s integration of Acadia’s margin management solutions and fully complements Northern Trust’s full suite of collateral and OTC processing capabilities.
“Our integrated global architecture and investments in core technology allowed us to build a unified solution for all collateral clients and is a great example
Options, the leading provider of managed trading infrastructure and connectivity to the global Capital Markets, has opened a new office in Toronto.
As Options continues to increase its client base across Canada, locating in Toronto provides a strong foothold for the company to develop and deepen its support for clients across regional Canadian markets.
To manage Toronto operations, Robert Strawbridge was appointed as the Options’ VP Head of Canada late last year, bringing with him over a decade of experience working with numerous foreign exchange technologies and e-Trading platforms. As a former Scotiabank executive, Robert is well-positioned to support Options
Eventus Systems, Inc, a global provider of multi-asset class trade surveillance and market risk solutions, has made several key hires in Europe as part of the firm’s continued growth in the region and globally.
Bringing extensive experience into the new roles are Ollie Cadman as Chief Product Officer, and David Griffiths and Martin Appiah, both as Director of Regulatory Affairs.
Based in Stockholm, Cadman reports to Eventus CEO Travis Schwab, while Griffiths and Appiah – both based in the UK – report to Joseph Schifano, the firm’s Global Head of Regulatory Affairs.
Cadman will build out the firm’s global product
A new survey of institutional investors and wealth managers from the US, UK, France, Germany, and the UAE who collectively don’t currently have exposure to cryptocurrencies and digital assets, reveals that 62 per cent expect to invest in these for the first time within the next year.
However, Nickel Digital Asset Management (Nickel), a European investment manager dedicated to the digital assets market, which conducted the study, says in most cases this will just be professional investors ‘testing’ the market in terms of how it works, its infrastructure and liquidity.
The main reason given for investing in digital assets for
