All news

Fraser Lundie, Hermes Fund Managers

Use of CDS vital to success in high yield bond market

Thu, 18/04/2013 - 05:52

Last year one of the biggest themes was that Europe didn’t get fixed, yet it was provided with so much liquidity that it was inflated out of its existing stress levels,” says Fraser Lundie (pictured), who runs the credit desk at Hermes Fund Managers alongside Mitch Reznick. “The reason that was such a big trade, in particular for high yield, was because it was in no way consensus. At the start of 2012 there wasn’t a single person on the street who had European high yield returning no more than a few per cent at best. »


John Barker, BCS Prime Brokerage

BCS bolsters management board

Wed, 17/04/2013 - 16:01

BCS Prime Brokerage, an independent financial institution, has appointed John Barker and Edward Golosov to its board.  »


Up arrow

Barclay Hedge Fund Index gains 1.12 per cent in March

Wed, 17/04/2013 - 14:03

Hedge funds gained 1.12 per cent in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. »


Regulation

IOSCO consults on principles for financial benchmarks

Wed, 17/04/2013 - 12:00

The International Organisation of Securities Commissions (IOSCO) has published a consultation paper on Principles for Financial Benchmarks, which seeks public comments on a set of high-level principles for benchmarks used in global financial markets. »


Ian Gobin, global head of funds, Appleby

Appleby grows Guernsey funds team

Wed, 17/04/2013 - 10:07

Appleby, a provider of offshore legal, fiduciary and administration services, has made two senior additions to its funds and investment services team in Guernsey. »


Dan Mannix, chief executive of RWC

RWC launches Cayman-based structure for European Focus Fund with USD145m

Wed, 17/04/2013 - 06:55

RWC has launched a Cayman-based European Focus Fund with USD145m under management, representing support from existing investors.  »


Report

European CDS spreads remain stable despite Cypriot banks’ insolvency, says S&P Capital IQ

Wed, 17/04/2013 - 06:31

Western European CDS spreads have experienced a relatively stable quarter, despite receiving news that Cypriot banks – after taking a hit on their investment in Greek bonds – were insolvent, according to S&P Capital IQ’s latest quarterly Global Sovereign Debt Credit Risk Report.  »


Christopher Byrne, Ogier

CISX passes 5,000th listing milestone

Wed, 17/04/2013 - 06:13

The Market Authority of the Channel Islands Stock Exchange (CISX) has approved its 5,000th security for admission to its Official List. »


Handshake

Neuberger Berman adds Susan Kasser to head private debt team

Wed, 17/04/2013 - 06:04

Neuberger Berman, an employee-controlled asset manager, has appointed Susan Kasser as managing director and head of private debt at Neuberger Berman Alternatives.  »


Clouds

Torstone Technology launches Inferno for secure Virtual Private Cloud deployment

Tue, 16/04/2013 - 16:02

Torstone Technology, a provider of securities and derivatives processing software to the global financial markets, has launched the Inferno back office system for Virtual Private Cloud (VPC) environments such as Amazon or Rackspace. »


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