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Despite the changing environment and challenges that Covid-19 has presented to operational and investor due diligence processes, sophisticated allocators still demand a “high level” of compliance and institutional infrastructure, according to Jenny Kim DeSmyter (pictured), Managing Director, Sales Strategy, SS&C Eze.
Speaking on the ‘Evolving Operational Challenges’ panel during this year’s HedgeweekLIVE North America Emerging Managers summit, DeSmyter explained how ensuring data remains protected is vital for both managers and investors in the remote working environment that has prevailed throughout the coronavirus pandemic.
The second session of day one spotlighted how operational due diligence and investor expectations are changing, and
Alter Domus, a provider of integrated solutions for the alternative investment industry, has launched an Alternative Investment Fund Manager (AIFM) and specialised depositary services in Ireland.
Read the full story at Private Equity Wire…
Cardano, a pensions risk and investment management specialist, has made three new hires in its Manager Research division.
Read the full story at Institutional Asset Manager…
Horizon Software, a provider of electronic trading solutions and algorithmic technology, is partnering with Terranoha, a unique AI platform, to integrate Robotic Process Automation (RPA) solutions into its financial system in order to digitise and automate communication to clients and accelerate digital transformation.
Bitwise Asset Management, one of the world’s largest cryptocurrency index fund managers, has raised USD70 million in a Series B funding round led by Elad Gil and Electric Capital. New backers include Daniel Loeb’s Third Point LLC, alongside individual investors Henry Kravis, and Stanley Druckenmiller.
Emerging hedge funds must tread with caution in the face of increasingly complex operational infrastructure as their businesses gather pace and raise assets, speakers at Hedgeweek’s fourth annual HedgeweekLIVE North America Emerging Managers Summit said on Wednesday.
Managed futures funds ground out another solid batch of returns this month, yielding 0.81 per cent and making May the fourth period in a row of gains for the CTA industry. For the year-to-date interval, CTAs have earned their investors a return of 4.85 per cent according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions.
“A triumvirate of rosy economic forecasts, pent up consumer demand and continuing production backlogs propelled many commodities’ prices well past their pre-pandemic thresholds to levels not seen in a decade,” says Ben Crawford, Head of Research at BarclayHedge. “With the
State Street Corporation has published new research which reveals that with increasing pressures and demands on returns and reporting, alternative asset managers have work to do to meet the growing needs of institutional investors.
Broadridge Financial Solutions has added to its Capital Markets leadership team with the appointment of Fintech and financial services veteran Ray Tierney as President of Itiviti.
Waystone, a global governance and third-party management company, has created a new global compliance offering via the merger of four compliance service providers.
Read the full story at Institutional Asset Manager…
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