Solutions
The Gemini Companies’ (Gemini) alternative funds solution, Gemini Alternative Funds, has won the the 2017 Hedgeweek USA Award for Best North American Managed Account Platform, its second consecutive win in this category.
Institutional investors and fund managers who read Hedgeweek vote online to choose winners of the publication’s annual awards. Both this year and in 2016, Gemini’s Galaxy Plus Managed Account Platform received the most votes from these audiences in the North American managed account platform category. Gemini representatives accepted the award at the ceremony in New York City on 21 September, 2017.
“We measure our success by
The Managed Funds Association (MFA) has announced its 2017-2018 Board of Directors. The new Board and officers will provide governance oversight to MFA and guide the Association’s advocacy, education and communication efforts.
MFA’s Board unanimously elected Michael S Harris, President, Campbell & Company LP as Chair; Jonathan Hitchon, Managing Director, Chief Operating Officer, Two Sigma Investments LP, as Vice Chair; and Duncan Ford, Partner, Chief Operating Officer, Marshall Wace LLP, as Secretary. The board re-elected Natalie Deak Jaros, Partner,EY, as Treasurer.
“Fund managers and investors alike have come to depend on MFA’s influential advocacy, education and communications efforts. That
MMRIT, a business that provides fully managed IT services to the financial and legal services sectors in London, has turned to a private cloud solution from iomart to satisfy the security requirements of its customers and help them cut costs.
MMRIT’s customers include hedge funds, alternative investment managers, barristers’ chambers and law firms. Several of them were keen to move to the cloud to save on infrastructure costs but they did not want to have to compromise on security.
iomart worked with the MMRIT team to build a highly available, private cloud platform that meets all the financial and
S3 Partners has released a significant upgrade to its BLACK APP on the Bloomberg App Portal.
The BLACK APP 2.0 provides the buy-side and sell-side with powerful real-time short interest, authoritative securities finance rates and unmatched search capabilities into the traditionally opaque securities lending market.
Mike King, Global Business Manager for the Bloomberg App Portal, says: “Bloomberg continues to invest in the App Portal because by fostering a diverse ecosystem of contributed applications we can deliver more value and choice to Terminal subscribers. The BLACK APP from S3 epitomises what we’re trying to do by incorporating applications into the
IHS Markit has partnered with MSCI to help asset managers implement liquidity risk management programs and comply with SEC Rule 22e-4. Available next month, the multi-asset class solution integrates fixed income market and liquidity data from IHS Markit with MSCI LiquidityMetrics analytics.
Slated to take effect in 2018, SEC Rule 22e-4 requires mutual funds and exchange-traded funds (ETFs) to classify their portfolios as highly liquid, moderately liquid, less liquid or illiquid. Only 15 percent of a fund’s assets will be permitted to be classified as illiquid – a potential challenge in fixed income markets where only a small minority of
Europe’s sub-advised fund market continues to expand at a strong pace with assets forecasted to surpass EUR800 billion by 2022, according to a new report by Impactvesting, an asset management consulting firm.
Potentially EUR300 billion of new sub-advisory assets will be won over the next five years, mobilised in part by regulatory changes such as the Markets in Financial Instruments Directive (MiFID II).
“Regulation, cost pressures, consolidation, vertical integration among wealth managers, and new technologies are rapidly transforming fund distribution in Europe,” says Jag Alexeyev (pictured), founder and managing director of Impactvesting. “Distributors are choosing to work more closely
NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, has launched NEX Quant Analytics, the FX market’s largest and most comprehensive community-based analytics tool for clients trading on the EBS platform.
Individual banks and trading houses may use similar analytics internally, but there has previously been no comparable level of detail offered at a market level. Using benchmark data taken from the entire EBS ecosystem, the analytics service delivers real and measurable insight for clients into their own trading activities and the ability to look at their performance
Tradeweb Markets, a global provider of fixed income, derivatives and ETF marketplaces, has executed the first cleared inflation swap transaction using in-competition request-for-quote (RFQ) protocolon its [European] Interest Rate Swap (IRS) platform.
The trade was executed by Legal & General Investment Management (LGIM) and cleared by LCH. Tradeweb currently supports cleared zero coupon GBP inflation swaps up to 50 years, and EUR and French inflation swaps up to 30 years, with 8 dealers providing liquidity in inflation swap instruments.
Inflation swap execution has traditionally been conducted by phone or chat, a time-consuming process that carries the inherent risk of
Smartkarma, an Asia-based provider of independent investment research, has opened a new UK office to serve as a hub to build out its independent research analyst community in Europe and support its buy-side investor clientele.
Arzish Baaquie (pictured), who joined the firm in 2014 and previously led the Special Situations offering, is spearheading the growth of Smartkarma in the UK and will build a team based in Baker Street, London.
Smartkarma’s move to the UK coincides with major banking legislation, MiFID II, which takes effect in January 2018 and is forcing transparency around the supply and payment of research.
DRS Markets, an international trading platform for ‘Contract For Difference’ trading (CFDs), has launched in London with a fully FCA regulated platform.
The company, which offers flexible trading across several channels, evaluated multiple jurisdictions before choosing London so that investors can take confidence in the quality of its platform, processes and services. It will work with investors around the world to trade through London.
DRS Markets offers very competitive commission charges on its trading products, giving investors one of the most cost-effective ways to benefit from CFDs, and a highly attractive margin structure. It currently offers access to over
