The average performance fee rate charged to funds in Europe has reached 17 per cent, according to new Performance Fee Benchmarking data released by Fitz Partners.
Technology & software solutions
AllianzGI has launched an integrated, global structure for its fixed income offering, which has EUR193 billion of assets under management.
NICE, a provider of financial communications compliance solutions, has integrated its NICE Trading Recording System (NTR) and the Microsoft Teams unified communications platform. NICE is working with Microsoft to certify NTR under Microsoft’s new Certified for Microsoft Teams certification program for compliance recording solutions.
Athena Systems has launched four new product offerings are aimed at hedge funds, institutions, brokers, and outsourced trading desks.
AcadiaSoft, a provider of risk and collateral management services for the non-cleared derivatives community, has announced an industry-wide soft launch to help Phase 5 firms stay on track for Uncleared Margin Rules (UMR) compliance ahead of the extended 2021 deadline.
Switzerland-based Avaloq has welcomed fintech Flybits to its open banking marketplace, which brings together financial institutions and fintechs through the latest REST API and sandbox technologies. There are currently over 100 fintechs on the platform, known as The Avaloq.one Ecosystem.
BrokerTec has teamed with TriOptima to launch an end-to-end repo workflow solution, providing full automation across the lifecycle of a repo trade.
Sentifi has launched new alternative data-based investment analytics from social media, news, and blogs to offer institutional investors real-time views of when market momentum is moving in an unexpected direction.
SmartStream Technologies, a financial Transaction Lifecycle Management (TLM) solutions provider, has extended its Public API (Application Programming Interface) for collateral management, to enable its clients with faster access technology to better service their individual business needs.
JP Morgan Asset Management has partnered with Calastone, a global funds network, to introduce new levels of automation to money market funds via its Morgan Money trading platform.