Latest News
By George Ralph (pictured), RFA Financial Cloud and Technology Services – The global financial crisis and subsequent recession happened almost a decade ago, but their legacy goes on and on, with more stringent regulations and bigger fines every year.
The financial services sector has to comply, whilst also trying to build IT systems that are capable of gathering, organising and interrogating massive amounts of data, to create reports for the regulators and the investors. It doesn’t stop there. Cloud services can add complexity and house data all over the world, and the increasing use of social and other communication tools
- 10/07/2017
All of Societe Generale Prime Services’ CTA indices posted negative returns at the end of June, despite being in positive territory up until the last week of the month.
The SG CTA Index closed the month down 3.47 per cent, and is now down 3.48 per cent for the first half of the year. Short term strategies fared slightly better, but the Short Term Traders Index still closed the month down 1.06 per cent.
The end of June was particularly difficult for trend followers. Mid-month the Trend Index had been enjoying a positive run of performance, up +3.08 per
- 07/07/2017
By George Ralph (pictured), RFA Financial Cloud and Technology Services – In RightScale’s 2017 State of the Cloud Report, of 1002 respondents from companies of all sizes, primarily located in the US, UK and Europe, 95 per cent of respondents were using the cloud in some way during 2017. Of these, 89 per cent are using public clouds (22 per cent exclusively), 72 per cent are using private clouds (only 5 per cent exclusively) and 67 per cent are using a hybrid of the two.
Private cloud use is down from 77 per cent last year, and public cloud use
- 07/07/2017
- 07/07/2017
Stabilis Capital Management, has closed its Fund V with USD525 million in commitments from investors. The closing of Fund V takes the firm’s raised funds to a total of USD1.7 billion since its founding in 2010.
Stabilis focuses on identifying and creatively structuring new investment opportunities with high risk adjusted returns while mitigating downside risk.
“I am pleased with Stabilis’ success and delighted by our continued ability to serve our investors. We look forward to continuing to use our specialised focus to invest in high return opportunities that are primarily secured by real estate and where we believe a
- 07/07/2017
- 07/07/2017
The US Commodity Futures Trading Commission (CFTC) has issued an Order of Registration to LedgerX (LedgerX), granting it registration status with the CFTC as a Swap Execution Facility (SEF).
LedgerX is a limited liability company registered in Delaware with its primary place of business in New York, NY.
SEFs are platforms that operate under the CFTC’s regulatory oversight for the trading of swaps. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Act) authorised the creation of SEFs.
The CFTC issued the Order under Section 5h of the Commodity Exchange Act (CEA) and CFTC Regulation 37.3(b).
- 07/07/2017
- 07/07/2017
Man Group today has announced a number of internal promotions within Man AHL, its diversified quantitative investment manager, aimed at ensuring continuity of leadership.
Antoine Forterre and Matthew Sargaison have been appointed co-CEOs of Man AHL, reflecting their instrumental roles in the development and execution of Man AHL’s strategy over several years. Antoine and Matthew will continue to report to Sandy Rattray (pictured), Man Group’s Chief Investment Officer (CIO) and former CEO of Man AHL, who retains overall oversight of Man AHL at a Group level as CIO. Tim Wong continues in his role as Man AHL’s Executive Chairman, alongside
- 07/07/2017
MidOcean Credit Partners, an affiliate of MidOcean Partners, a premier New York-based alternative asset manager, has closed a USD600 million collateralised loan obligation (CLO), MidOcean Credit CLO VII.
The transaction was led by Goldman Sachs & Co.
The CLO will be backed by a portfolio of primarily senior-secured leveraged loans and will have a four-year reinvestment period and a two-year non-call period. The transaction is MidOcean’s first CLO structured to comply with US risk-retention rules.
Jim Wiant (pictured), Managing Director at MidOcean Credit Partners, says: “The successful closing of CLO VII, MidOcean’s largest CLO to date, demonstrates our
- 07/07/2017
The Luxembourg Stock Exchange (LuxSE) has listed the first ever Reserved Alternative Investment Fund (RAIF). The new RAIF was brought to market by Finexis and has been listed on the Euro MTF market.
RAIFs are a new type of vehicle that combine the characteristics and structures of specialised investment funds (SIFs) and investment companies in risk capital (SICARs) qualifying as Alternative Investment Funds (AIFs). However, unlike traditional AIFs, RAIFs are not subject to approval from Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier, also known as the CSSF.
The Law of 23 July 2016, which came into effect
- 07/07/2017
Polen Capital has promoted Research Analyst Jeff Mueller (pictured), to co-portfolio manager of the firm’s Global Growth strategy.
Mueller joined the Large Company Growth Team in 2013 as a research associate and was promoted to research analyst shortly after his hiring. He will manage the portfolio collaboratively with Lead Portfolio Manager Julian Pick, who launched the Global Growth strategy in 2014.
“I am thrilled to have Jeff join Julian as Co-Portfolio Manager on the Global Growth strategy of our Large Company Growth Team,” says Dan Davidowitz, Head of the Large Company Growth Team and Focus Growth Portfolio Manager. “Jeff is
- 07/07/2017
SEI has acquired Archway Technology Partners, a provider of operating technologies and services to the family office industry and the institutions who service that market.
SEI says the move will allow it to better serve the family office segment, and address additional verticals, including institutions, investment advisors, private banks, hedge funds, and private equity funds.
“This announcement represents a modest shift in SEI’s long-held belief in purely organic growth. We believe there is value in growing through carefully considered strategic acquisitions that add to our expanding geographic footprint, market reach, platform functionality and expertise,” says Alfred P West, J, Chairman and
- 06/07/2017
- 06/07/2017
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