Solutions
Benros Capital recently implemented the Imagine Software’s award-winning, cloud-based ASP service. Benros, a newly-formed European event-driven hedge fund founded by former Goldman Sachs proprietary traders Daniele Benatoff and Ariel Roskis, employs the system to provide real-time portfolio and risk management of its global equity, derivative, and FX operations.
"Imagine stood apart from the other providers we evaluated because it alone offered institutional-grade functionality within an affordable and scalable cost structure," says Ariel Roskis, Chief Investment Officer of Benros. "We needed intra-day, firm-wide risk and P&L oversight, as well as extensive reporting capabilities. Imagine’s live portfolio management and risk exposure monitoring
Gnip, a provider of public social media data for enterprise applications, has launched Gnip MarketStream, a product designed to incorporate the most relevant social media data streams into a single solution for hedge funds and high-frequency traders
Gnip also announced a premium partnership with StockTwits, a realtime financial platform for the investing community and creator of the $(TICKER) tag. The partnership will allow Gnip to further serve its investment and asset management clients with an even deeper range of options tailored exclusively to their realtime social data needs.
This latest expansion into financial services comes on the heels of increasing
NYSE Euronext and Deutsche Börse AG confirm that they have submitted a remedy proposal to the European Commission’s Directorate-General for Competition (DG Competition). The proposed remedies are designed to address the remaining concerns of DG Competition in derivatives trading and clearing while preserving the compelling industrial logic of the transaction.
The remedy proposal aims at eliminating the existing overlap in European single equity derivatives and ensures continued competition in European interest rate and equity index derivatives.
With respect to European single equity derivatives, the notifying parties have proposed to divest the portions of their respective businesses in which they
Beaumont Advisors Limited has launched a new business offering hedge fund operational due diligence services.
Seasoned hedge fund industry veterans, Lori Barton and Gillian Scott (pictured) who have collectively performed over 800 due diligence assignments, are leading Beaumont’s hedge fund operational risk practice.
“Investor demand for hedge fund operational due diligence services is at an all-time high. The reporting of sizeable hedge fund failures in the financial press has catalyzed demand, particularly post the staggering Madoff losses” says Lori Barton “however, there is also wide-spread consensus among hedge fund investors that operational due diligence is an essential component of an
Citi has introduced a new operating model for hedge funds, designed to help managers launch, manage and build successful hedge funds without excessive investment in non-core functions.
Citi Prime Finance’s Hedge Fund 3.0 details an outsourcing and partnership framework to help hedge funds achieve greater efficiency across their support functions and infrastructure, allowing them to focus on their core marketing, investor relations and investment management processes.
"The Hedge Fund 3.0 concept reflects the emergence of specialty providers who focus on the hedge fund industry, enabling fund managers to concentrate on key aspects of investment management while reducing their base
Since the final version of Form PF was confirmed by the SEC and the CFTC on 31 October, 2011, ConceptONE has ben analysing the new requirements and has spent a significant amount of time researching the proposed rules and building the necessary tools, including a specialised data warehouse and proprietary calculation library, to help clients implement the required reporting process.
ConceptONE has ben providing data aggregation and risk reporting through its subsidiaries since 2005 and is intimately familiar with the challenges of aggregation and producing the corresponding portfolio analytics.
“Form PF is an intricate and detailed exercise in data aggregation,
The international derivatives exchanges of Eurex Group recorded an average daily volume of 10.7 million contracts in October (October 2010: 9.2 million). Of those, 7.3 million were Eurex Exchange contracts (October 2010: 6.3 million), and 3.4 million contracts (October 2010: 2.9 million) were traded at the US-based International Securities Exchange (ISE).
The growth of 17 per cent y-o-y is due to stronger hedging need of market participants driven by uncertainty resulting from the European sovereign debt crisis, which led to an increasing use of exchange-traded and centrally cleared derivatives in the current market environment. In total, 153.9 million contracts were
Highland Funds Asset Management has launched the Highland Alpha Trend Strategies Fund (ticker:HATAX). Anchor Capital Management Group will serve as the fund’s sub-advisor.
The Highland Alpha Trend Strategies Fund is a long/short international strategy designed for more consistently positive returns along with low correlation and low volatility relative to regular equity indexes. It is expected to be classified in the Morningstar Multialternative category.
The fund’s strategy will be comprised of two components: rotating investment positions primarily among country- and region-specific exchange-traded funds (ETFs), and taking long and short positions in broad equity indexes to vary the fund’s net exposure over
Continued illiquidity and a shift in the price of underlying assets in the secondary hedge fund market has caused fluctuating trading levels in the last few months, Hedgebay has claimed. Secondary market trading data from July to September has shown that despite a steady rise in the average price in Q3, volatility is still to be expected.
The average discount to NAV on transactions completed in the third quarter of 2011 has climbed steadily from around 70% in July to 85% in September. However previous pricing levels, notably June’s average price of 82%, indicate that the market is still largely
MarketAxess Holdings Inc, the operator of a leading electronic trading platform for US and European high-grade corporate bonds emerging markets bonds and other types of fixed-income securities, has reported an increase in total revenues for the third quarter of 2011 of 24.5% to a record USD46.6 million, compared to USD37.4 million for the third quarter of 2010.
Pre-tax income was a record USD22.3 million, compared to USD13.5 million for the third quarter of 2010, an increase of 64.9%. Pre-tax margin was 47.9%, compared to 36.1% for the third quarter of 2010. Net income totalled USD13.4 million, or USD0.34 per share
