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Pzena lnvestment Management has expanded its usage of Indata’s Intelligent Portfolio Management software suite by upgrading to Epic Data API, a new solution launched in May 2017.
Pzena Investment Management is a global investment management firm based in New York with offices in London and Melbourne. A publicly held firm listed on the NYSE, Pzena has more than USD33 Billion in AUM.
Pzena, an Indata OMS and front-to-back office software client since 2001, had been looking for ways to better integrate, view and report on both internal and external data sources for use in marketing, reporting and investor presentations. A significant
- 02/08/2017
GSK Stockmann has added Arne Bolch to the firm’s Luxembourg team of partners alongside Dr Marcus Peter, Andreas Heinzmann, Dr Philipp Mössner and Mathilde Ostertag, as a new local partner.
Arne Bolch has been working in Luxembourg for more than 11 years in the Luxembourg office of Allen & Overy and more recently at Clifford Chance as counsel. His main areas of expertise include fund formation advice for alternative investment funds (AIF) as well as traditional retail (UCITS) funds. He also assists clients in fund related M&A transactions and general investment fund and regulatory law matters. In the past, Arne advised initiators
- 01/08/2017
Risk assets were again on the rise in July and several asset classes broke records. Last week, the S&P 500 reached an all-time high, while the spot VIX index reached an all-time low. The MSCI World (net total return local currency index) is up for the ninth month in a row, which was unseen since 1987; according to the latest Weekly Brief from Lyxor’s Cross Asset Research Team.
Meanwhile, European high yield spreads reached 10-year lows according to Merrill Lynch indices. The latest leg of the risk assets rally is taking place amid a strong earnings season on both sides of the
- 01/08/2017
Adjusted profit before tax (PBT) at Man Group was USD145 million for teh first six months of 2017, an increase of 38 per cent on the H1 2016 figure of USD98 million, according to the company’s latest interim results.
Funds under management meanwhile increased to USD95.9 billion in the period up USD 80.9 billion for the end of December 2016, while net inflows totalled USD8.2 billion, up from USD1 billion for the same period in 2016.
Luke Ellis (pictured), Chief Executive Officer of Man, says: “The first half of 2017 has been one of solid performance with 4% growth in management fee
- 01/08/2017
ETC Global Group, on behalf of its subsidiary companies, ETC Global Holdings, Electronic Transaction Clearing, and Electronic Transaction Clearing Canada (collectively ETC); has entered into a new financing facility which will provide up to USD68 million in committed capital.
The Financing is being provided by certain affiliates of Cerberus Capital Management and Quantlab Investments. Proceeds from the Financing will allow ETC to immediately expand its United States and Canada broker dealer clearing operations and position the Company for further growth into new asset classes including options and FX, new product offerings including prime brokerage and stock loan, and other geographical
- 01/08/2017
Neptune, the Fixed Income network for real-time “axe” indications, has added Rabobank (Rabo) and TD Securities (TD) to its network and board. Rabo and TD become the 23rd and 24th participating banks on the network.
The Neptune network provides a venue for investors to consume the highest quality bond axes/inventory data from their most trusted Bank counterparts. This enables institutional investors to be more effective and targeted when looking to execute large size orders in products such as corporate and emerging market bonds.
Twenty-one bond dealers are already live on the network, providing axe information in real-time on over 30,000
- 01/08/2017
- 01/08/2017
Intercontinental Exchange is planning to launch a new London Silver Daily Futures contract on 5 September, 2017, pending regulatory review. The contract offers physical delivery of unallocated silver held in a London Precious Metals Clearing Limited vault.
The launch of the Silver Daily futures contract coincides with the recent news that ICE Benchmark Administration (IBA) has been chosen as the new administrator for the LBMA Silver Price Auction, which is expected to commence in autumn 2017. The Daily Futures contract will enable participants in the LBMA Silver Price Auction to exchange their auction positions for cleared futures contracts held with
- 01/08/2017
Westchester Capital Management (WCM), a registered investment adviser focusing on liquid alternative investment strategies, has added two members to its team to support its expanding lineup of alternative investment funds.
Reny Mathew, who joined as Associate Director of Sales and Investor Relations, will focus on investor relations and the advisor channel. JT Fucigna has joined as Managing Director of Business Development and will focus on national and regional wirehouse relationships. Both will be based in WCM’s Valhalla, New York office.
“Even in bull markets, investors continue to demonstrate an appetite for solutions to potentially reduce portfolio risk with an
- 01/08/2017
New York and Hong Kong-based alternative asset manager, Crystal Century Investment, is planning to expand its global platform into Japan under approval of the Japanese government’s Financial Services Agency.
The company has been granted a license to provide alternative investments and asset management services to accredited investors, with operations expected to commence from a Tokyo location during November 2017.
To complement its global presence, Crystal Century Investment will open the Tokyo office as the company expands its investment offering at a time when many investors are faced with what the company calls limited options in the US equity and
- 01/08/2017
After just ten days in the job, Anthony Scaramucci, well-known in the hedge funds industry as the founder of Skybridge Capital, has exited his short-lived role as President Donald Trump’s communications director.
After a tumultuous week marked by infighting within President Trump’s team, White House press secretary Sarah Huckabee Sanders said on Monday: “Antony Scaramucci will be leaving his role as White House Communications Director. Scaramucci felt it was best to give chief of staff John Kelly a clean slate and the ability to build his own team.”
Scaramucci’s short tenure was marred by press interviews in which he
- 01/08/2017
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