Solutions
Non-bank prime services firm Invast Global’s CEO, Gavin White (pictured), has been nominated for appointment to the Board of the Japan-listed parent company, Invast Securities Co, Ltd.
Invast Global continues to enjoy remarkable success with its acclaimed PurePrime multi-asset offering and has gained recognition throughout the industry for the unique transparency and control afforded to clients wishing to gain leveraged access to FX, Metals, Energies and Equities markets. PurePrime is particularly popular with the more sophisticated end of the market – hedge funds, asset managers and brokerages.
White has assembled an enviable team of experienced and talented staff at
Where the vulnerabilities are – It’s 3:40 on a Friday afternoon, and an urgent email hits a back-office employee’s inbox. As the employee scrambles to get ready for the market-close and head off to a three-day weekend, it looks like the portfolio manager for a major client needs him to wire USD125,000 to a bank in Grand Cayman.
His colleagues are tied up with other matters, and, since he’s eager to be responsive to this important client’s request, he follows the wire instructions in the email to complete the transfer – with just a few minutes to spare.
Bad
The past 12 months has seen The Bahamas review its existing legislative framework for investment funds, with a view to ensuring that it maintains its competitiveness. Under the existing framework, some of the innovations that The Bahamas has introduced, such as the ICON legal structure and the SMART Fund series, have raised the jurisdiction’s profile and helped attract new business. However, it is time for a refresh of the 2003 Investment Funds Act which provided for these innovative instruments which support private wealth management.
As Tanya McCartney (pictured), CEO and Executive Director of the Bahamas Financial Services Board comments, while
There has been a continued evolution of the asset management operating model over the last couple of years. Gradually, both traditional long-only managers and alternative fund managers have been shifting away from a multi-vendor, purpose built system model to more of a single vendor model, outsourcing many of the middle- and back-office functions at the same time.
This cost-incented approach is, in large part, fuelled by the pressures that fund managers are under to seek alpha in support of their client’s objectives. This has been the case for some time now and can be attributed to a number of factors:
Jabre Capital Partners, a global multi-strategy asset management company, has chosen Broadridge’s integrated trading, portfolio management and risk management platform to help manage its front, middle and back-office operations.
Jabre will deploy Broadridge’s investment operations platform to manage its multi-asset funds.
Broadridge’s solution will enable Jabre to streamline and automate workflow around a complex array of traded instruments. Introducing these capabilities can help Jabre meet its pre- and post-trade compliance requirements while providing seamless connectivity to brokers and EMS platforms, and facilitating effective portfolio management and reporting. In addition, Jabre will have access to market and credit risk
Horizon Software, a global technology provider for electronic trading and investment management, has launched native connectivity to the Singapore Exchange (SGX) for derivatives (DT).
Horizon now provides more than 80 native gateways to exchanges and trading venues around the world.
In Singapore, Horizon provides low latency connectivity for transactions and market data. Now in production and available to traders in Singapore and outside Singapore, connectivity to the exchange allows banks, brokers, funds and prop desks to execute trades at low-latency, along with market making and algorithmic trading.
Clement Pelletier, APAC sales director at Horizon Software, said: “SGX-DT
INDATA, a provider of software, technology and services for buy-side firms, has released Epic Data API, a technology toolkit for connecting systems and data sources, extending or creating software programmes, custom reports and mobile-friendly applications.
The release is available to clients using INDATA’s iPM Epic solution, an investment software platform specifically designed for the era of big data.
Buy side firms are under ever increasing pressure to not only replace legacy systems, but to do more with less by extending current systems to be able to keep up with the regulatory environment, increased investor scrutiny and downward fees
PivotalPath, a technology-driven hedge fund investment consultant, has launched Quality of Performance (PQP), a proprietary quantitative manager rating system across 1,300-plus hedge funds, located on its technology platform, PivotalBase.
PQP systematically transforms existing quantitative insights into intuitive fund ratings presented across the firm’s platform.
The algorithm measures the key qualities of suitable hedge fund manager performance within the context of its peers, ultimately empowering sophisticated clients to identify managers who employ a repeatable application of skilful methods.
The use and application of PQP will enable dynamic fund comparisons and improve clients’ decision-making process.
“‘Quality of Performance’
Acadian Asset Management has recently transitioned its long/short portfolios to SS&C GlobeOp.
Acadian has been leveraging SS&C GlobeOp as its fund administrator for long-short strategies since Acadian launched its Diversified Alpha equity strategy in 2016.
SS&C provides a comprehensive range of middle and back office services to Acadian for its long/short business.
Acadian cited a number of factors that were critical in its decision, including SS&C’s fund administration leadership as well as extensive middle office expertise. Most notably for Acadian were SS&C GlobeOp’s capabilities around margin finance management, cash and collateral management, and tri-party reconciliation. As part
In response to the planned split of the German-Austrian price zone, the European Energy Exchange (EEX) will launch a financially settled power future for the Austrian market area.
Scheduled to launch on 26 June 2017, the new products will comprise base and peak contracts with a monthly, quarterly and yearly maturity. With the introduction, EEX provides an additional product suite that allows exchange members to hedge against prices changes in the domestic Austrian market.
After consultation with market participants, EEX will also extend the Phelix-DE product suite with further products. On 26 June, day and week contracts for
