Tue, Jan 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Bloomberg announces hedge fund turnkey as small managers see increased investor scrutiny of infrastructures

Wednesday, January 26, 2011
Opalesque Industry Update - Bloomberg Trading Solutions executives today announced the launch of Bloomberg Hedge Fund Tool Box (HBOX), a complete platform that meets the growing number and needs of hedge funds. Bloomberg also revealed the results of a hedge fund survey that showed regulations are prompting reviews of fund technology and operations.

“The hedge fund industry is facing new challenges from the heightened regulatory environment," said Dan Matthies, Bloomberg's Global Head of Asset and Investment Manager (AIM). "At the same time, hedge funds are facing more investor scrutiny, intensifying cost pressures and increasingly complex trading strategies."

A survey of hedge funds with average assets of $200 million, conducted by Bloomberg Trading Solutions, found that investor scrutiny over funds’ operational infrastructure jumped during the global financial crisis, with nearly half of the funds feeling that investor scrutiny increased dramatically. The survey showed that cost pressures are higher than ever, with over 80 percent of hedge funds agreeing that cost efficiency on technology infrastructure is ‘very important.’ Additionally, over 95 percent of the funds that responded said they are currently reviewing their technology and operational systems.

"Bloomberg HBOX empowers hedge funds with a turnkey solution, so they can focus on investing and client relationships, rather than on regulations and operations. HBOX is appropriate for hedge funds of all maturity levels and is fully integrated with the Bloomberg Professional® service," added Matthies.

Built for fund managers, traders, operations and compliance professionals, Bloomberg HBOX is a scalable solution that integrates essential front-to-back office tools into one package for management of equity, fixed income and FX strategies across 65 countries globally.

Bloomberg, the leading market data provider to the hedge fund industry, now allows fund managers simplified oversight of strategy management, risk and compliance, STP trade settlement, portfolio analysis, order management and electronic trading via HBOX.

Users of HBOX can also access Bloomberg’s global, multi-asset, broker-neutral execution management system (EMSX) platform, as well as Bloomberg Tradebook, Bloomberg’s agency broker. HBOX connects to all major prime brokers and fund administrators, provides compliance and audit reporting, pre-integrated data and execution tools and real-time P&L and exposures.

“We chose Bloomberg’s HBOX model for a few reasons, but what we really liked was that we had access to the many OMS features included with HBOX through the Bloomberg terminal so there is no need to install new hardware or software,” Marc Robert, Chief Operating Officer of Water Asset Management.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t