Digital Assets Report

Latest News

The Libero Development Fund has beaten its objective of a return of 12 per cent net per annum for investors, returning 12.6 per cent. Founded by asset management professionals Mary Murphy (pictured), and Iain Cahill, the fund is now in its third year of trading. It actively creates and trades, through private placement, European Medium Term Notes (EMTNs), bonds and structured notes. All of the securities are issued by investment grade institutions.   “It is very rewarding to be able to deliver on our objective for our clients,” says Murphy, Managing Director of the Libero Development Fund. “As we continue
Returns from Quaero Capital’s Infrastructure Securities strategy have taken off after the manager backed Europe’s outperforming airports. The Airports sector was up by over 10 per cent in the last month. Spanish operator Aena was up 11 per cent, and is up 30 per cent year to date (YTD). There may be further upside due to the excellent prospects for capacity growth which is expected to continue at a 9 per cent annual rate for the rest of the year.   Additionally, growth from the acquisition of further concessions should provide further upside. Aena can raise long term debt at
Shinhan Investment Corp. and Cathay Futures Corp have become Trading Members on Singapore Exchange’s (SGX) derivatives market. Shinhan Investment is SGX’s first derivatives Trading Member from South Korea. Originally established in 1973, the Seoul-based securities brokerage and investment bank is a subsidiary of Shinhan Financial Group Co. Ltd.   Cathay Futures, a subsidiary of Cathay Financial Holding Co. Ltd., started its offshore derivatives business in 2015. SGX is the first exchange that the Taipei-based company has applied to for remote membership.   Michael Syn, Head of Derivatives at SGX, says: “We are pleased to welcome Shinhan Investment and Cathay Futures
IHS Markit has launched RPA Manager, a comprehensive service helping asset managers acquire investment research in compliance with MiFID II. To reduce the potential for conflicts of interest, MiFID II requires asset managers to separate payments for research from trading commissions due to brokers that provide research.  If an asset manager intends to use its clients’ assets to fund research payments, the manager must disclose research fees, allocate those fairly among client accounts, and receive client approval for research expenses.  Payments must be made from segregated research payment accounts (RPAs) created by the asset manager.      The new RPA
A new survey by JWG has found that 90 per cent of buy-side firms believe they are at either high or medium risk of not being MiFID II compliant by the January 2018 deadline, despite this date having already been delayed by a year. Significantly, with just over six months to go, a large amount of the industry appears to be overstretched and under-prepared. It is imperative that firms fully understand the requirements of the regulation and take their MiFID II compliance seriously, or prepare for penalties come 140 working days from now.   Among those respondents to the survey,
TS (formerly TradingScreen), a specialist in electronic trading platforms, has integrated OTAS Analytics into TradeSmart, the company’s multi-asset OEMS platform. TS clients will now have access to the latest real-time analytics and critical, actionable market intelligence from OTAS to fulfil their pre and post trade best execution requirements.   Operating in the cloud for nearly two decades, TS is a leading expert on SaaS trading technology.  TradeSmart OEMS is the standard for workflow efficiency, offering seamless integration with the buy-side, connecting with markets globally and providing traders the access and information they need to optimise their trading performance. By integrating
Intertrust has announced a raft of senior appointments in fund services spanning some of its priority jurisdictions.   James Donnan has been appointed as head of Fund Services for the Hong Kong office. In his role James will oversee the delivery of services to Intertrust’s alternative fund clients and will be responsible for leading the group’s private equity strategy across Asia. He was previously commercial director, Greater China for Intertrust, before which he spent 10 years with KPMG in Hong Kong, China and Australia, most recently as director in their financial services division.   Christine Jacquemart has been appointed as commercial director
Imperial Capital Group has hired James P Kenney and Kevin Cadden, two senior institutional convertible sales professionals, forming a dedicated Convertible Sales Group, and adding to the franchise’s continued credit sales & trading growth initiatives. The group will be responsible for expanding Imperial Capital’s existing credit sales and trading business further into convertible products while working with a team of seasoned trading and research professionals to provide its institutional clients with valuable market colour, trading ideas and excellent execution in both the fixed income and equity markets.   “With the hiring of James and Kevin, we are able to provide
A more active approach to managing portfolio-wide currency risks, and in particular a greater appetite for active currency overlays, is being shown by institutional investors, driven by divergence in European and US interest rates, geopolitical unrest and greater scrutiny of costs. That’s according to the latest market Intelligence report from bfinance, ‘Managing Currency Risk in a Two-Speed World’, which also finds that a highly tailored provider assessment framework is essential with currency overlays and institutional asset owners looking to pursue active overlay strategies should carefully consider both upfront fees and transaction costs as there is a wide disparity in both.
Charles River Development has formalised a partnership agreement with the London Stock Exchange’s UnaVista to automate transaction reporting under the European Union’s Markets in Financial Directive II (MiFID II). Under the partnership, the firms’ mutual clients are able to use UnaVista as an Approved Reporting Mechanism (ARM) to report transactions to National Competent Authorities (NCAs) for all required asset classes.   MiFID II includes a requirement that investment firms submit detailed transaction reports to their NCAs within one day of the transaction. All trades involving financial instruments admitted to trading or traded on an EU trading venue need to be

Special Reports

FeatureD

Events

16 May, 2024 – 8:30 am

Directory Listings