Latest News
Los Angeles Capital Management has appointed Edwina Acheson (pictured), as a managing director in the Firm’s UK relationship management team. Acheson will be based in London at the Firm’s wholly owned subsidiary, LACM Global, Ltd.
Together with senior relationship manager Charles Morris, CFA, Acheson will be responsible for developing institutional client and consultant relationships across Europe.
Prior to joining LACM Global, Acheson worked for Arrowstreet Capital where she was a director of its European entity, with responsibility for business development in the region. She was actively involved in helping the firm build its UCITS pooled fund business, and was
- 06/07/2017
Ann Neidenbach, who joined Cowen on the closing of the company’s recent acquisition of Convergex, has been appointed Managing Director and Chief Information Officer and will direct the firm’s global strategic technology innovations across all business lines.
In addition, Kelly Weigel was promoted to Head of Marketing and Client Services and will oversee the coordination of the firm’s global corporate access, marketing and communications initiatives. Finally, Patrice Growney Aitken has joined Cowen’s Equity Sales and Trading team as Managing Director and Head of Mid-Atlantic Equity Sales.
“I am very pleased to welcome Ann and Patrice to the Cowen team
- 06/07/2017
- 06/07/2017
ICE Endex is now a fully owned subsidiary of Intercontinental Exchange (ICE), following ICE’s acquisition of the remaining 20 per cent stake of ICE Endex shares from NV Nederlandse Gasunie.
Terms of the deal have not been disclosed.
In addition, ICE and Gasunie have signed a Memorandum of Understanding (MOU) which sets out the basis for further cooperation between the two parties in relation to the operation of the Dutch gas and power markets following ICE’s acquisition of the Gasunie Shares.
“Gasunie have been terrific partners in building ICE Endex and in growing the Dutch TTF gas futures
- 06/07/2017
The June 2017 average daily transaction value on the Euronext cash order book stood at EUR8,242 million, relatively stable (-1.2 per cent) compared to June 2016 and down 2.7 per cent from the previous month.
The average daily transaction value on ETFs was EUR414 million, down 39.4 per cent compared to June 2016 and down 24.5 per cent from the previous month. Our ETF offering increased this month with 822 listings at the end of June compared to 790 end of 2016.
The average daily volume on equity index derivatives reached 247,489 contracts in June 2017, up 1.1 per
- 05/07/2017
Midclear has selected GMEX Group wholly owned subsidiary, GMEX Technologies, to provide and implement its innovative AvenirClear CCP product as the core system of the first derivatives central counterparty (CCP) in Lebanon.
The set-up of the CCP by Midclear represents an important milestone in the reinvigoration of the Lebanese Capital Markets, part of Lebanon’s strategic plans for its economy and reconstruction. The derivatives asset classes covered include FX Futures, Equity Index Futures & Options, and Commodity Futures, including precious metals.
Since the inception of the Capital Market Authority (CMA), led by the Central Bank of Lebanon, important work has
- 05/07/2017
Linedata has launched the latest version of Linedata Optima, a of business process management (BPM) tools designed specifically for fund accounting and administration.
BPM tools are operational performance enablers that allow fund administrators to design, monitor and execute end-to-end business processes for increased efficiency. With business operations becoming increasingly exception based and event-driven, intelligent operations require a more responsive approach. Linedata Optima elevates process optimisation by providing oversight, transparency and operational risk management capabilities within the back-office operations.
Following the successful development and roll-out of earlier modules (Event Monitor and Process Monitor), this release sees the inclusion of a
- 05/07/2017
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)
- 05/07/2017
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
- 05/07/2017
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
- 05/07/2017
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
- 05/07/2017
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