Solutions
The Hedge Fund Standards Board (HFSB), the standard-setting body for the hedge fund industry, has held its first table top cyber-attack simulation for hedge fund managers in London.
The HFSB is custodian of the Hedge Fund Standards, and is supported by more than 120 hedge fund managers with $700 billion in aggregate assets.
The objective of the simulation was to explore the response of hedge fund managers to three realistic cyber-attack scenarios: data theft and leakage of internal sensitive data; financial infrastructure attack; and crypto ransomware.
These scenarios were chosen to provide simple illustrations of key challenges for
Options, a managed service and IT infrastructure provider, and enterprise data management (EDM) solutions specialist GoldenSource, are partnering to offer a fully managed solution to capital markets clients seeking to improve their (EDM) capabilities.
The new combined solution has already been adopted by a New York-based investment and wealth management firm.
The deal will see Options deliver a fully managed, end-to-end application and hosting platform to clients leveraging GoldenSource’s widely adopted suite of multi domain data management products and services.
GoldenSource’s EDM solution is designed to allow investment management, alternate investment and capital markets sector firms to take advantage of
After a year of media planning and buying for a leading global financial services client, Opportet Media Group has utilised a combination of traditional and new digital media in an innovative plan, reaching a precise business target audience, and bringing through the newest buying tactics, to produce significant results.
Opportet is capitalising on the ability to precisely target top financial services management in digital media, and place messaging in the most relevant content, to reach the financial services market decision makers. Year long planning produced dramatic double digit percent increases in web site visits, white paper downloads, and active sales
Institutionalisation of the hedge fund industry continues apace. According to Credit Suisse’s mid-year Hedge Fund Investor Sentiment Survey, 93 per cent of institutional investors plan to maintain or increase their allocations to the sector in the second half of this year.
And the longer term trend is for more of the same. For instance, a recent report by KPMG, the Alternative Investment Management Association (AIMA) and Managed Funds Association (MFA) found that over the next five years most managers expect a significant shift in their primary capital sources, away from corporate pension funds and HNW investors towards public pension funds.
Prophet Capital Asset Management, a USD2.3 billion structured credit hedge fund, has adopted Broadridge Financial Solutions’ integrated trading, portfolio management and operating platform.
“An established structured credit fund like ours, with a two-decade growth trajectory and an increasingly sophisticated investor base, requires scalable, institutional-quality infrastructure,” says Kurt Rechner, COO of Prophet Capital Asset Management. “The Broadridge solution offered out-of-the-box functionality as well as the option for customisation to support trading of complex securities – which was key for us – all through a single platform.”
Broadridge Investment Management Solutions, which includes the award-winning Portfolio Master operating platform, now supports
GSX, the Gibraltar Stock Exchange has expanded its services to include the listing of Debt Securities and Closed-ended Funds, having received approval from its regulator, the Gibraltar Financial Services Commission.
The expansion is a key element of GSX’s strategy in complementing Gibraltar’s unique position within the EU and providing financing solutions to its clients seeking a gateway to Europe, particularly through the securitisation area.
“We have seen strong demand for debt-related financing solutions in a number of sectors including SME’s using the mini-bond market to raise capital in the EU Capital Markets and diversify funding sources; (re)insurance companies
Keen to grow your business? The big question is can you do it profitably, without suffering significant increases in staff and costs?
Asset growth is no longer a surefire route to boosting profitability. Industry-wide performance for 2015 is in the doldrums – for instance, the HFRX Global Hedge Fund Index is down 1.63per cent year-to-date, while many firms are struggling to reach their high water marks. Poor performance is also adding weight to the debate on fees. The era of ‘2 & 20’ may not be quite over, but it is disappearing.
At the same time, cost pressures are on
Consolidated trading volume for options contracts on Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE), totalled 1.2 billion contracts in 2015, a decrease of 11 per cent from the record 1.3 billion contracts in 2014.
Average daily volume (ADV) was 4.7 million contracts on the year, a decrease of 11 per cent from the record 5.3 million contracts per day in 2014.
Several trading records were set at CBOE and CFE during the year. Index options trading at CBOE reached a new all-time high for a third consecutive year,
EZTD, an operator of online trading platforms for binary options and FOREX, has qualified to trade on the OTCQX Best Market in the US.
EZTD began trading on OTCQX on 31 December, 2015, under the symbol “EZTD.” Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
“Established in 2001, EZTD operates some of the most popular online trading platforms for binary options and FOREX in Europe,” says Jason Paltrowitz (pictured), Executive Vice President of Corporate Services at OTC Markets Group. “We welcome EZTD to the OTCQX market and look forward to helping grow
ALPS Fund Services is to expand its Denver-based hedge fund administration business with the acquisition of Kaufman Rossin Fund Services (KRFS), an independent, full-service provider of specialised administration services to the financial community.
Established in 1994, KRFS has offices in Miami, Boston, San Francisco, Dallas, and Grand Cayman. The company’s hedge fund services include accounting and valuation, back-office outsourcing, investor services, treasury services, and customised reporting. KRFS is an affiliate of Kaufman Rossin & Co
“We see this acquisition making us a top-20 provider in the hedge fund administration business,” says Ned Burke (pictured), CEO of ALPS Holdings, Inc., the
