Solutions
HazelTree Fund Services, a New York-based provider of Treasury management services for hedge funds, will be expanding its operations westward with the opening of its newest office in San Francisco, California headed by Daniel Osborne, former Partner, COO and CTO of Conifer Securities, LLC.
"HazelTree launched in January of this year and already we are servicing clients with a combined AUM in excess of USD30 billion," says the company’s CEO Stephen Casner. "Given our success in New York, coupled with increasing demand from the Pacific Rim, it was a natural next step to expand our operations to the West in
Post-trade technology enables brokers and investors to confirm and report trades, and is essential to the effective operation of these firms.
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However, the technology at the heart of many of these systems was designed for a simpler trading environment, and as the environment has evolved – through new regulations and the growth of alternative asset classes – many firms have been forced to adapt their systems, often leading to piecemeal upgrades and inefficient workarounds that carry the potential for a host of problems including failed trades, lost business, ineffective risk management and
Cosmos Technologies, the product division of Indus Valley Partners, has added Cosmos Price Master, to its middle office technology offering for the alternative investment industry.
Pricing a hedge fund portfolio often poses serious challenges to many hedge funds. Reliance on spreadsheets for pricing and a lack of an established workflow for price sourcing, arbitration and dissemination can present challenges for portfolio valuation. Hedge funds are now increasingly focusing on the pricing process as both investors and regulators put them under greater scrutiny.
As an enterprise-wide solution, Cosmos Price Master allows funds to gather prices from multiple sources, maintain these prices
Singapore Exchange (SGX) says derivatives and commodities activity rose while securities trading fell in September from a year earlier.
Securities turnover fell 21% year on year to SGD30 billion, in line with global markets, due to economic and fiscal uncertainties. Securities daily average value was SGD1.4 billion, down 25% from a year earlier. However, exchange traded fund turnover more than doubled from a year earlier to SGD1.1 billion and structured warrants trading more than doubled to SGD928 million.
Total derivatives volume increased 33% year on year to 7.2 million contracts; derivatives daily average volume was 349,378 contracts.
Nifty futures volume
Lyxor Asset Management announces the launch of a new personalised website designed to optimise portfolio construction and enhance transparency for professional investors on its leading managed account platform (MAP).
The new online environment will provide professional investors the ability to track their investments amongst more than 100 managed accounts, with access to an extensive set of risk and performance indicators within a totally secure and confidential framework.
This new dedicated service specifically responds to professional investors’ current key decision criteria: security, transparency, risk management and liquidity. At any moment, investors may now easily access comprehensive risk information on their managed
Standard & Poor’s Ratings Services said today that the ratings and outlook on UK-based hedge fund manager Man Group PLC were unaffected by the 8.5% decline in assets under management (AUM) during the quarter ended 30 September, 2011.
Man’s preclose trading update, released on 28 September, 2011, indicated a decline in AUM from USD71 billion at June 30, 2011 to USD65 billion. This was due to weak investment performance, net outflows, and the impact of foreign exchange movements on reported AUM.
According to a statement released by S&P: "The quarterly decline in AUM is a result of market volatility and
Quintillion Limited has launched a web based approval method for their clients’ net asset values via their reporting portal.
While Quintillion already facilitated publishing of NAV reporting directly to the web portal for client review, the NAV sign-off application now allows a client to approve the per share class values at the click of a button.
The NAV sign-off application has been configured such that it integrates with the Quintillion operations dashboard to notify the Investor Services group once a NAV has been client approved and thereby automatically commencing the Investor Services monthly reporting process.
Joan Kehoe, CEO of Quintillion,
Societe Generale Securities Services (SGSS) has extended its clearing licence with SIX x-clear the clearing entity of SIX Securities Services, becoming, in the process, a General Clearing Member on UBS MTF, the multilateral trading facility.
SGSS continues to expand its ability to offer its clients, made up of broker dealers, investment banks, and traders, improved access to the growing number of international multiple exchanges and trading platforms. This extension of SGSS’ clearing offering allows its clients to increase their efficiency and reduce costs by optimising their risk management, enabling them to carry out single margin calls and bookings at
Institutional investors facing upcoming Dodd-Frank Act regulations on over-the-counter (OTC) derivatives, can get another step closer to compliance with new technology from Bloomberg’s Fixed Income Trading
Bloomberg FIT has launched the first commingled trading platform for OTC swap trading, ALLQ Derivatives, which allows buy-side investors to review indicative prices and execute directly with dealers on the Bloomberg Professional Service. The new technology is the foundation for Bloomberg’s development of a swaps execution facility (SEF) offering. The platform will be adapted upon finalisation of the SEF rules by regulators. The Dodd-Frank Wall Street Reform & Consumer Protection Act requires companies to
Sunrise Capital Partners has opened to outside investors the Sunrise Aggressive Diversified Strategy, the latest global macro offering from one of the world’s premier systematic trading firms.
The launch culminates 15 years of research and proprietary trading on the strategy, which blends a levered version of Sunrise’s flagship Expanded Diversified Strategy with advanced techniques to trade longer time frames and implement different approaches to capturing the power of market momentum. Since its 1995 inception, the Aggressive Diversified Strategy has delivered nearly 30% compounded net annual returns, assuming a 2% management fee and 20% performance fee. Over the same time period,
