Solutions
AIS Fund Administration, a provider of outsourced support and administration for hedge funds, has used Confluence’s Unity Financial Statements software to provide hedge fund financial reporting for its clients.
Automated Financial Statement Preparation (AFSP), os designed to reduce the risks caused by the use of error-prone spreadsheets and manual processes, and creates significant efficiencies and time savings for fund managers.
"Heightened demands for transparency from investors, regulators and auditors have rendered traditional spreadsheet-intensive statement preparation processes too onerous," says Kirk Botula, Confluence President and Chief Operating Officer. "We are pleased that AIS turned to the Confluence Unity platform to create
Systematic global macro trading firm Sunrise Capital Partners is listing its Expanded Diversified Strategy and Aggressive Diversified Strategy in the AlphaMetrix Global Marketplace (AGM).
“Since our inception in 1980, Sunrise has aimed to provide clients with compelling, low correlation returns while delivering the utmost in investment transparency,” says Jason Gerlach (pictured), Managing Director. “AlphaMetrix provides investors with world-class due-diligence and verification, industry-leading technology, and a robust information database. By partnering with AlphaMetrix, Sunrise takes its three-decade commitment to transparency to the next level.”
The Sunrise Expanded Diversified Strategy will be visible on the AlphaMetrix Global Marketplace, providing access to the
ITG, a leading agency research broker and financial technology firm, has released the new ITG Dynamic Open Algorithm, designed to allow traders to tap the liquidity available in the NYSE and NASDAQ opening auctions while minimising price impact from over-participation.
ITG Dynamic Open is the first algorithm specifically tailored to the processes of each exchange, intelligently participating in auctions by employing data from the real-time imbalance feeds.
“The uncertainties and complexity of the opening auctions have made some traders reluctant to use the open,” says Jeff Bacidore (pictured), ITG Managing Director and Head of Algorithmic Trading. “ITG Dynamic Open
Numerix has launched its LiquidAsset SDK (Software Development Kit), which is designed to scale as an institutions’ modelling or investment requirements grow, and can integrate Numerix’s market standard analytics into its own system or that of a third party using a C++ interface, with C# and Java interfaces to be added in the coming months.
Known for its intuitive, function-based interface LiquidAsset has rapidly become the new standard for pricing liquid derivatives since its inaugural launch. As a ‘future proof’ solution built on Numerix’s award winning CrossAsset pricing analytics platform, hedge fund and asset managers, corporate treasurers, insurance firms and
Credit hedge funds should not be considered part of the ‘shadow banking’ sector, according to a new paper by the Alternative Investment Management Association (AIMA), the global hedge fund trade association.
AIMA’s research paper* highlights crucial differences between the key functions of a traditional bank and those of credit hedge funds and other non-bank financial institutions.
Credit hedge funds do not take deposits, do not offer daily liquidity nor otherwise hold themselves out as guaranteeing the return of the invested principal.
They manage their liquidity profiles by agreeing investor redemption terms which correspond to the liquidity profile of
NYSE Liffe expands range of Dutch products with the introduction of futures and options on the AMX-Index
NYSE Liffe, the European derivatives market of NYSE Euronext (NYX), is to introduce futures and options on the AMX-Index, the index for medium sized Dutch companies. AMX-Index futures will be launched on Monday 26 March 2012, followed by trading in AMX-Index options on Tuesday 10 April 2012.
The introduction of AMX-Index futures and options marks the further expansion of NYSE Liffe’s successful range of products within the Amsterdam market. The existing options on individual AMX equities are very popular, and in 2011
BlueBay Asset Management has implemented Imagine Software’s cloud-based ASP solution for real-time P&L and risk management. BlueBay a manager of fixed income credit and alternative products, manages a combination of long-only and alternative debt strategies covering investment grade, high yield, convertibles and emerging markets.
BlueBay’s requirement for live intra-day views of P&L and risk instigated a search for a real-time, multi-asset-class solution from a vendor with proven experience. Following careful consideration of leading solutions on the market, Imagine was chosen due to its extensive asset class and instrument coverage, robust functionality, and comprehensive data management offering. The latter is a
The Cayman Islands Stock Exchange (CSX) has reached 100 catastrophe bond programme and series listings, with a total face value of approximately USD8.5 billion.
The CSX listed its first cat bond Ajax Re Ltd in 2007. The specialist listing rules of the Cayman Islands Stock Exchange are specifically tailored to support the approach of the of the Cayman Islands Financial Services Industry in its highly successful drive to attract Insurance Linked and other captive reinsurance business . The insurance industry in the Cayman Islands has surged recently with a total of 739 captives now collecting an all time high of USD11.76
SunGard has launched Hedge360, an integrated, hosted service that supports the complete investment lifecycle for hedge funds and alternative asset management firms, from portfolio management to risk management, portfolio accounting and reporting with dedicated coverage of convertible arbitrage strategies and independent valuation.
The various solution components are delivered on a Software-as-a-Service (SaaS)* basis, helping customers choose features and functions to customise a comprehensive solution.
Hedge360 comprises functional components from SunGard’s suite of solutions for the alternatives industry, delivered on a SaaS basis with out-of-the-box interfaces to prime brokers, administrators, order management systems and execution management systems. Customers may select the
The LME Board is making a number of amendments to its Exchange User Fee on the back of points raised by members.
The new fee will now not apply to short-dated carries (anything from Tom to 15 days inclusive), which will remain unchanged. Implementation of the Exchange User Fee has also been delayed until 2 July 2012 to allow for systems compliance.
The Exchange User Fee for client contracts will be denominated in US dollars rather than in GBP and will therefore be USD$0.79 per lot.
The impact on the Exchange of the introduction of the Exchange User Fee
