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Dr Gunther Thumann has been formally appointed Chairman of Jersey Finance. Dr Gunther Thumann graduated summa cum laude with a PhD in economics and statistics from the Friedrich Alexander University Erlangen-Nurnberg and, between 1978 and 1994, was an Economist in the German civil service and subsequently Senior Economist for the International Monetary Fund in Washington DC.   After joining Salomon Brothers in London as Managing Director, in the late 1990s he founded a consultancy specialising in central banks. In 2007 Dr Thumann was appointed Partner, CEO and Chairman of the board of Brevan Howard Capital Management in Jersey (Channel Islands)
Pan-European private equity firm IK Investment Partners’ (IK) IK Small Cap I Fund is to acquire a minority stake in Third Bridge, a primary research provider. Financial terms of the transaction have not been disclosed. Third Bridge provides its clients with insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and
Jemekk Capital Management has appointed Frank Mersch (pictured), as Portfolio Manager and senior member of the team. Gerard Ferguson President and CEO says: “Frank’s wealth of experience and industry knowledge make him a key addition to the Jemekk team. Through my years working with Frank I fully appreciated how he earned his reputation as an extremely skilled stock picker and well-respected industry leader.”  We expect Frank to play an integral role as we continue to grow the Jemekk brand and build assets across our platform.   Prior to Joining Jemekk, Frank co-founded Front Street Capital and held multiple roles including
The UK was the main culprit for the biggest decline in the S&P Europe 350 since the UK voted to leave the EU, according to analysis carried out by Tim Edwards (pictured), senior director, index investment strategy at S&P Dow Jones Indices. Separately, the S&P Italy Sovereign Bond Index was the best performing bond index in the attached S&P Dow Jones Indices Europe Dashboard for June.   Edwards says : “In what proved to be a challenging month across the board for European markets, the S&P Europe 350 posted its biggest monthly decline since the U.K. voted to leave the
Lorne Park Capital Partners has signed a letter of intent (LOI) to purchase all of the outstanding securities of Crestridge Asset Management (Crestridge), an independent portfolio manager based in Toronto. Crestridge provides discretionary investment management and wealth management services for individuals, trusts and foundations with clients across Canada. As of 31 May, 2017, Crestridge had approximately CAD120 million in assets under management.   “We are confident that we have found a new partner in Crestridge that shares similar perspectives on investment management and a commitment to delivering tailored investment solutions to affluent families,” says Robert Sewell, (pictured), Chief Executive Officer
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 167.7 TWh in June 2017, including 108.1 TWh traded on its futures segment. The overall volume increase of 34 per cent was supported by new high marks on the CEGH VTP and ZTP delivery areas. Spot trading volumes in June reached 59.6 TWh , which represents an increase of 48 per cent compared to the previous year (40.2 TWh). The volume on the Dutch TTF market area amounted to 15.5 TWh, a growth of 26 per cent compared to June 2016 (12.3 TWh). The German delivery
Following the launch of futures and options on the popular MSCI EAFE index that represents the developed markets of Europe, Australasia and the Far East, Eurex has become the only exchange that offers futures and options on all major MSCI indexes. And with the introduction of futures on the EURO STOXX 50 Corporate Bond Index, Eurex is the first mover offering an exchange traded market for the corporate bond segment in Europe.   The new products meet the market’s needs, especially those of the buy side whose investment behaviour is undergoing structural changes. Passive products like Exchange Traded Funds (ETF)
Malta’s launch of its Institutional Securitisations Market (ISM) later this year will put the country on a competitive footing in the sector with Luxembourg and Dublin, according to Managing Partners Group (MPG), the international asset management group. Jeremy Leach (pictured), Chief Executive Officer at MPG, believes the move signifies a huge effort by the Malta Stock Exchange (MSE) in advancing its services and improving the quality of financial services conducted in the country. The timing of the launch, in which the ISM will become a segment of the Exchange, also coincides with the introduction this year of the new ‘Simple,
Sanlam FOUR, the boutique investment manager of the Sanlam Group, has boosted the management team behind its Strategic Bond Fund. Francois Kotze (pictured), who joins Sanlam FOUR from Rathbone Brothers, has been named as assistant manager alongside lead manager Craig Veysey, who has run the Strategic Bond Fund since launch in March 2012. Prior to his role as a fixed income analyst at Rathbones, Kotze was a senior credit and macro analyst at Sanlam Private Investments.   The team behind the Sanlam Strategic Bond Fund also includes macro analyst Matthew Brittain, who joined the Sanlam investment team in 2015.  
The final regulations of MiFID II announced today are likely to lose brokers business, analysts their jobs and also hit fund managers’ profits says Cleveland & Co Associates, the boutique legal advisory business. Among the new regulations of MiFID II, which are due to come into effect in January 2018, is a requirement for investment banks to be more transparent about their costs. Banks and investment managers will be forced to disclose specific fees to their clients – such as fund and asset managers – for research. As it stands, banks include research costs into trading commissions that are charged

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