Thu, Dec 13, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

OpenGamma expands into the US

Wednesday, November 28, 2018

Bailey McCann, Opalesque New York:

London-based derivatives analytics company, OpenGamma is expanding into the US. The company says its expansion plans come as regulatory and macroeconomic pressures continue to hit hedge funds and asset managers with offices all over the world.

OpenGamma's solution provides data to fund managers about transaction costs throughout the industry so that funds can find lower cost counterparties. Managers can also report their derivatives activity through the platform in order to generate best execution style pricing information for derivatives trading which is often opaque. OpenGamma has been primarily focused on European funds but sees the same regulatory trends emerging in the US.

"2019 is going to be the first year where the full weight of the new margin requirements is going to be on funds in the US and the EU," said OpenGamma CEO Peter Rippon in an interview with Opalesque. "We think our platform is well positioned to give managers some options as they look for the most capital efficient ways to maintain their strategies."

Rippon cites new rules governing derivatives trading as a key source of concern - fund managers can now be charged additional margin known as 'liquidity add-on' which can increase the cost of margin by 70%. This increase is hitting end investor returns as hedge funds continue to lock down more and more capital.

Market participants in the US are also facing pressures from the uncertainty surroundin......................

To view our full article Click here

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. Brexit: Hedge funds make big bets against post-Brexit UK economy, Hedge funds rent a lifeline to stay afloat in EU post-Brexit, Treasury green-lights sale of new EU funds into UK[more]

    Hedge funds make big bets against post-Brexit UK economy From The Guardian: A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Cr

  2. Trends: Licking their wounds, fund managers prep for rally in '19, Concerns rising over leveraged loan market[more]

    Licking their wounds, fund managers prep for rally in '19 From Reuters: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at

  3. New Launches: Swiss boutique launches EM impact bond fund, Jungle Ventures to raise $200m third venture capital fund, CPR AM licences five funds with new climate rating, Sailing Capital seeks $1.5bn for second fund, Liquid multi-strategy alts focus of new Schroder fund, Vivo Capital rakes in $864m, Swiss group launches sustainable European small-cap fund[more]

    Swiss boutique launches EM impact bond fund From City Wire: Swiss impact investmenting boutique BlueOrchard has launched a Ucits-complaint impact bond fund. The Luxembourg-domiciled Emerging Markets SDG Impact Bond fund will allocate to companies in emerging and frontier markets and aims t

  4. Institutional Investors: PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup, Qatar Investment Authority has accelerated investments in technology, Elon Musk says he would no longer accept Saudi investment, San Francisco City & County Employees slates $192m for alternatives[more]

    PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup From PIonline.com: Pennsylvania Public School Employees' Retirement System, Harrisburg, allocated $450 million to three investment funds and added 11 new funds to its defined contribution lineup, confirmed Evelyn Williams,

  5. Emerging technologies, defensive investment strategy on top asset owners' minds: State Street[more]

    Laxman Pai, Opalesque Asia: Nearly half (48%) of the institutional investors surveyed identified emerging technology as a top enabler of growth over the next five years, revealed a study. According to a new research from State Street, the participants identified blockchain, artificial intell