Hedge fund managers say that technology including artificial intelligence (AI) and automated trading will have an increasing impact upon competition over the next five years, according to a survey of more than 100 global hedge fund managers, overseeing approximately $300 billion of assets under management (AUM). With a focus on regulatory and operational issues, the… Read More >>
NYC Pension Fund Dumps Hedge Funds
Another key pension fund, the New York City Employees Retirement System (NYCERS), has decided to pull its money out of hedge funds and endorse an asset allocation more in line with more cautious longer-term investment objectives. The NYC pension fund represents a total $60.5 billion, as of June 30, 2015, and will be pulling $1.7… Read More >>
Calpers Defends Decision to Dump Hedge Funds
The California Public Employees’ Retirement System (Calpers) is staying the course despite recent criticisms about its decision in September 2014 to end its hedge fund program. Calpers manages the pensions of firefighters, police, teacher and other employees of the state of California, and has more than $300 billion in assets under management (AUM). Known for… Read More >>
Belated Spotlights for Triad Securities, Linedata and ISDA
One of the reasons that this blog exists is to spotlight items that can quickly hit and then bounce off our radar. Rather than lose them in the flurry of news, I’m going to give them their 140 characters of fame. Triad Securities Expands Brokerage Triad Securities announced last month that it had expanded its managed… Read More >>
Rival Debuts Enterprise-Wide Risk Management Platform
Derivatives trading and risk systems vendor Rival Systems has launched an enterprise-wide risk management platform, Rival Risk, intended to help firms monitor risk and manage exposure in real time across multiple profit centers and asset classes, officials say. Newcomer Rival is making the tool widely available to brokerage and clearing firms, hedge funds, commodity trading… Read More >>
Two Asian Hedge Funds Take Broadridge’s Platform
Broadridge Financial Solutions reports that its trading, portfolio management and operating platform has been adopted by BosValen Asset Management and Pleiad Investment Advisors, two hedge funds focused on Asia. “Both BosValen Asset Management and Pleiad Investment Advisors are among Asia’s fastest-growing emerging funds, each raising hundreds of millions of dollars within a few months of… Read More >>
Advisors, Institutional Investors Diverge on Alternatives
A new survey by Barron’s and market research firm Morningstar has revealed some slippage between how financial advisors and large institutions view alternative investments, officials say. “Financial advisors are increasingly enthusiastic about alternatives just as institutions are becoming more cautious,” says Josh Charlson, chartered financial analyst (CFA), director of manager research for alternative strategies at… Read More >>
ClearStructure Appoints Global Head of Sales
ClearStructure Financial Technology, a provider of front-to-back office portfolio management systems, has appointed industry veteran Bret Price as global head of sales, officials say. Most recently, Price was a business development leader at SunGard where he drove the Insight Selling effort for revenue growth in the alternatives business, officials say. The appointment is a sign… Read More >>
ClearStructure Emerges from ‘Under the Radar’
“Front-to-back office solution” is a term thrown around often by FinTech vendors, but ClearStructure Financial Technology says Sentry, its flagship portfolio management and loan trading platform, which the vendor has upgraded, is different. The Sentry platform features an investment book of record (IBOR), integrated data warehouse, an in-depth reporting feature and built-in functionalities that tackle… Read More >>
SocGen CIB Acquires Stake in GMEX
Societe Generale Prime Services – formerly Newedge – reports that it has acquired a minority stake in Global Markets Exchange Group International (GMEX Group). The Societe Generale investment follows the recent taking of a minority stake in GMEX Group by Deutsche Börse Group. Societe Generale “plans to provide execution and clearing services for clients trading… Read More >>
