Solutions
As with all companies, Covid-19 has presented a unique set of challenges to Opus, the fast-growing global fund administrator. But when Opus implemented its business continuity plan, it was more than just business as usual. The firm delivered 87% of its client NAVs earlier than expected – at a time when managers were under intense pressure from investors to report returns. Hedgeweek spoke to Opus CEO Robin Bedford about the short-term challenges to operational processes and the implications for the future…
How did the plan to deliver early NAVs come about?
In the first weeks of the lockdown, the markets
The trend towards responsible investing and ESG is likely to maintain its momentum despite the potentially far-reaching impact of the coronavirus crisis, according to new research by Man Group.
Bitfinex is to integrate Xangle’s real-time data feed Xangle T!icker into its the Bitfinex Pulse networking platform.The Xangle T!cker allows users to view in real-time the latest disclosures published by more than 600 crypto projects tracked by the service. Bitfinex Pulse, a social networking platform enabling traders to connect with each other in a professional environment, has integrated the service as part of its aim to provide traders with a unique, real-time social networking platform for traders.
Xangle offers its ticker solution to exchanges, media outlets and browser service providers, and has plans to expand its service to more service
Baymarkets, a provider of independent post-trade clearing systems, has announced a joint business relationship with PwC Switzerland to deliver global post-trade and clearing solutions.The joint business relationship will combine the practical know-how, experience and skills of both companies to design, implement, deliver and operate post-trade and clearing solutions to the highest standards in the financial markets. This includes the Baymarkets ‘real-time clearing’ Clara platform; deep knowledge and first-hand experience of providing both exchange and OTC trading and clearing technology, across multiple asset classes; and the expertise of PwC Switzerland in the project management, rulebook creation, regulatory applications and operational routine
Hedge fund managers were down 6.00 per cent in March, outperforming global equities which languished 13.99 per cent over escalating COVID-19 outbreak concerns. Around 80 per cent of the hedge fund managers tracked by Eurekahedge were able to outperform the global equity market during the month.
Fund managers utilising long volatility and tail risk strategies, which are known to provide crisis alpha and tail risk protection have returned 36.5 per cent year-to-date. Among the more traditional hedge fund strategies, CTA/managed futures funds were up 1.90 per cent in Q1, outperforming other major strategies for the year.
DASH Regulatory Technologies – a regtech-focused affiliate of capital markets technology and execution services provider DASH Financial Technologies – has launched DASH 360R, the next-generation of its industry-leading LDB platform for US regulatory capital calculation and reporting compliance. The suite is available in both fully SaaS-based and on-premise deployment options, giving broker-dealers a choice between the scalability, security and flexibility of the cloud or the complete control offered by local deployment.
In the US, broker-dealers are required by the SEC and FINRA to maintain specified levels of capital, and to be able to demonstrate moment-to-moment compliance with the SEC Net
Transaction Network Services (TNS) has upgraded its network with the TNSXpress Layer 1 solution in three key New York area data centres.TNSXpress Layer 1 uses a simple, single hop architecture that is up to 10 times faster than traditional Layer 3 architectures and delivers connectivity as low as 5-85 nanoseconds. It is now available in the NYSE data centre in Mahwah, NJ, the Equinix NY4 data centre in Secaucus, NJ, and Nasdaq’s data centre in Carteret, NJ.
“This ultra-low latency upgrade to our network means that all TNS Managed Hosting sites now use TNSXpress Layer 1 and are deployed,
Volatility across asset classes will remain elevated as global economies grapple with the continued coronavirus lockdown, with Black Swan events appearing “all too often”, according to BlueBay Asset Management.
State Street Corporation has announced a collaboration with CLS, an FX market infrastructure group, to provide asset managers with a consolidated view of CLSSettlement information across their accounts for the first time.
The collaboration will combine TradeNeXusSM, State Street’s electronic post-trade processing service, with CLS’s post-trade monitoring and reporting tool, CLSTradeMonitorSM, allowing asset managers to efficiently manage their trades eligible for CLSSettlement, along with all trades across their accounts with different custodians. The unique platform will also help asset managers to meet deadlines and alter settlement instructions with ease.
“Asset managers want further visibility into their transaction lifecycles to reduce
Quest Partners, a New York-based systematic CTA, has carved out a strong track record over the past two decades, tapping into market opportunities arising out of volatility swings and increased tail risk in assets using a nimble short-term approach that enables it to switch in and out of positions quickly.
