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Regulatory data exchange Silverfinch is hosting an event dedicated to the biggest regulatory challenges facing London’s finance industry – the January 2018 introduction of MiFID II and PRIIPs.
The event, which takes place on 6 September at the America Square Conference Centre in London, will include panel debates with leading industry figures including the ABI, KPMG, Milliman and JHC.
Panellists will examine how the regulations affect numerous participants in financial markets including: How MiFID II compels asset managers to provide key product governance data to the advisory and wealth management communities; necessities for wealth managers coordinating their MiFID II response
- 21/08/2017
It is fair to say that planning for retirement is arguably the most important challenge for individuals, in terms of their financing needs. Over the course of one’s career, markets change, the geopolitical landscape evolves. Yet, over a multi-decade investment lifecycle, it is necessary to save a sufficient level of income to ensure that one’s retirement is fully funded.
“We have reason to believe that existing retirement products which one often finds in retirement plans, such as target date funds and balanced funds, are ill suited to address the needs of investors during retirement. Designing improved forms of retirement solutions
- 21/08/2017
Hedge funds generated gains in July 2017 of 1.15 per cent, continuing a streak of nine consecutive months of positive returns, according to Preqin’s latest Hedge Fund Performance Update.
This has helped the Preqin All-Strategies Hedge Fund benchmark post returns of 5.93 per cent for 2017 YTD and 9.63 per cent for the past 12 months.
All top-level strategies produced positive returns for July 2017, with equity strategies in particular continuing a strong year, returning 1.66 per cent, the highest return of any of its counterparts.
Emerging markets-focused funds were the top performers in terms of geographic region,
- 21/08/2017
Wealth managers Rathbones and Smith & Williamson are in talks to agree a merger which will create a GBP55 billion wealth management firm.
Rathbones will effectively take over Smith & Williamson as the larger firm which manages GBP36 billion, against Smith & Williamson’s GBP19 billion. The deal values Rathbones at GBP1.4 billion and Smith &Williamson at GBP600 million.
Last month Rathbone posted a 16.7 per cent rise in first-half pre-tax profit to GBP26.6 million on the back of market gains and an increase in assets under management. The combined new company would see Rathbones, led by CEO Philip Howell (pictured),
- 21/08/2017
C WorldWide Asset Management, a Danish based Asset Manager with DKK110 billion AuM, has extended its SimCorp Dimension license agreement to include Data Warehouse Manager and SimCorp Coric.
C WorldWide Asset Management will be replacing its current reporting solution with SimCorp Coric’s full end-to-end client communications suite, and for the first time, adopting digital reporting to its clients with SimCorp Coric Web Reporter. The move is designed to accommodate increasingly frequent and complex requests for data from investors. C WorldWide Asset Management’s Client Service teams will be empowered with the ability to design new reports as well as customise content
- 21/08/2017
The First Trust CBOE S&P 500 VIX Tail Hedge Fund (NYSE: VIXH) ETF has changed its investment objective to seek investment results that correspond generally to the price and yield of an index called the Nasdaq Dorsey Wright People’s Portfolio Index.
The New Index is developed, maintained and sponsored by Nasdaq.
To reflect the change the fund will now be known as the First Trust Dorsey Wright People’s Portfolio ETF and its shares will be listed and trade on the NASDAQ Stock Market LLC under the ticker symbol DWPP. The Fund’s new CUSIP, ISIN and SEDOL are 33733E880, US33733E8802
- 21/08/2017
Epsilon Asset Management has opened for business having secured capital commitments for each of its three strategies in excess of USD100 million. Additionally, Epsilon has secured seed capital from William Cline (former CEO of hedge fund Clovis Capital, partner at Alcova Capital).
Led by Adam Lavin, Faryan Amir-Ghassemi (pictured), and Michael Perlow, Epsilon is an equity oriented manager aiming to bridge the divide between active and passive strategies.
Lavin, Amir-Ghassemi, and Perlow come from Novus Partners, a leader in providing analytics on active managers to institutional investors around the world. Previously, Lavin founded Alternative Investment Management, a multi-billion dollar
- 18/08/2017
Veracen has entered into a global co-development, co-marketing and collaboration agreement with Linedata Services. The agreement coves co-development of end-to-end financial technology solutions, co-marketing, and branding globally in Europe, Asia, and the United States with global support, client customisation, wrap around services, installation, and training.
The Veracen technology solutions, powered by Linedata’s financial application platform, are designed to be a complete and fully integrated set of applications for institutional investors worldwide. These include customised portfolio management tools and analytics, incorporating a unified data set from the investment decision through to performance and risk analytics, as well as the tracking of
- 18/08/2017
Brickendon has promoted two directors to executive level to help strengthen the firm’s management structure and drive sustainable growth.
Harpreet Singh, of Brickendon’s data practice, and Richard Cryer, of the risk and regulatory practice, were promoted for their industry-leading expertise in their relevant fields, their excellent day-to-day performances delivering complex programmes for clients and their extensive leadership and management expertise.
Brickendon, which operates out of London and New York and is currently considering other opportunities for expansion, is experiencing significant growth thanks to its innovative and tailored solutions which are proving highly popular at a time when the financial
- 18/08/2017
Multi-strategy hedge fund Whitebox Advisors has chosen Broadridge to provide a comprehensive, fully hosted and integrated platform of trading, portfolio management, reference data, reconciliation and data warehouse solutions for its front, middle and back-office operations.
Whitebox believes that moving to Broadridge’s hosted platform will enhance its ability to quickly respond to new growth opportunities.
Broadridge’s fully integrated solution will enable Whitebox to streamline and automate workflow around a complex array of traded instruments. Broadridge will be hosting Advent’s Geneva, thereby integrating Geneva with Broadridge’s data warehouse, HTML 5-based reporting solution and state-of-the-art order management / portfolio management/ risk management
- 18/08/2017
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