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Arcesium, a global financial technology and professional services firm, has launched PerformASM, a performance allocations product designed to simplify the investor accounting process and reduce the risks, costs, and manual errors associated with typical spreadsheet-based fund accounting. PerformA is tailored for different client types, including hedge funds, fund administrators, and private equity firms.
“Having developed and refined our performance allocations technology closely with a small group of strategic clients over a number of years, we are excited to bring PerformA to the broader market – not only our core hedge fund and fund administration customers, but also private equity funds,
Spun out from Brevan Howard Asset Management in 2019, SIGTech is a London-based fintech company providing what founder and CEO Bin Ren (pictured) describes as a “next generation quant platform”.
Preqin, a specialist in alternative assets data, tools and insights, has appointed Kumsal Bayazit — CEO of world leading science and health information and analytics provider Elsevier — to the company’s Board of Directors.
Read the full story at Private Equity Wire…
Borsa Istanbul-listed brokerage house, Gedik Investment, has chosen Horizon Software as its platform for algorithmic execution.
Read the full story at Institutional Asset Manager…
New Hyde Park Alternative Funds has added the Galaxy Plus – Eagle Spectrum Fund (Eagle Spectrum), an investment strategy from Eagle Investment Solutions (Eagle), to its Galaxy Plus managed account platforms.
Eagle Spectrum invests in a diversified mix of liquid, exchange-traded futures across multiple sectors including currencies, fixed income, stock indices, agricultural, metals and energy.
The Eagle Spectrum strategy has been actively trading in proprietary accounts since 2012. The fund takes advantage of distinct price patterns primarily using spectral analysis and artificial intelligence techniques while adhering to strict risk and portfolio management rules.
“We provide a different risk-return
Hedge funds are stacking up gains this year as shuttered economies continue to unlock, with the industry navigating volatility and inflation to score its best January-to-May performance in two-and-a-half decades.
Glue42, the company that delivers integrated desktop experiences to financial institutions globally, and Deephaven Data Labs, a start-up that provides capital markets participants with a next-generation data platform, are collaborating to reveal actionable insights from massive datasets.
Initial use cases include more effective management of pre-trade risk and regulatory compliance for users across trading, risk and compliance desks.
The partnership follows a pilot at a top 10 investment management firm who, with the help of both vendors, is building a unified portfolio management platform for all of its applications. The hedge fund’s primary objective is to help users better manage
FXCM Pro, the institutional arm of online foreign exchange trading, CFD trading and related services provider FXCM, is partnering with Fortex, a multi-asset trading technology platform.
Read the full story at Institutional Asset Manager…
Coinbase, a global cryptocurrency exchange platform, has witnessed unprecedented growth in the institutional market in the first quarter of 2021. Since 31 December 2020, the platform’s institutional holdings have grown by 170 per cent, from USD45 billion at the end of Q4 2020 to USD122 billion at the end Q1 2021.
Read the full story at Institutional Asset Manager…
Hurricane Capital Advisors (Hurricane Capital), a global alternative investment management platform, has launched its operations with SS&C Technologies’ front-to-back office solution.
SS&C will provide fund administration, customised middle-office solutions, FIX connectivity, hosting and state-of-the-art order and execution management systems.
“We wanted to launch our operations with a technology partner to support the complex demands of a global multi-manager strategy on a single adaptable platform,” says Chris Napoli, COO. “SS&C’s best-in-class fund administration, seamlessly integrated with advanced execution and order management systems, creates a powerful infrastructure to lean on.”
Hurricane Capital’s segregated account platform allows experienced managers to invest
