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Fenics Market Data, BGC’s Market Data division, has agreed to a distribution partnership with OTC energy brokerage Amerex Brokers (Amerex), whereby Fenics Market Data will provide Amerex energy-focused market data products to its customer base.   The Amerex market data service offers comprehensive daily indicative price reports covering the North American gas, power, and environmental markets. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (NYSE: GFIG), a leading inter-dealer broker specialising in over-the-counter derivatives products and related securities.   Fenics Market Data’s Global Head of Sales Elliott Hann (pictured), says: “Fenics is delighted to further expand our suite
JP Morgan Asset Management has hired two seasoned private credit investors, Brad Demong and Leander Christofides, to join its Alternatives business as co-CIOs of a new Global Special Situations group.  Demong and Christofides previously held senior roles in JP Morgan’s Corporate and Investment Bank, most recently managing Leverage & Distressed Private Side Research and Trading for the EMEA region.  They left the firm in 2016, and will now re-join effective today. Demong and Christofides will be based in New York and London, respectively. The team managed by Demong and Christofides will operate globally and will report into Co-Managing Partners of JP
Fidante Partners has appointed James Munce (pictured), as Chief Operating Officer (COO). Munce’s experience within the alternative investments industry and a solid track record in designing operating models, driving operational efficiencies and growing businesses, is well-aligned to Fidante’s goals in realising sustainable business growth.   Munce joins Fidante Partners from Bank of America Merrill Lynch (BAML) where he was a Director and COO of the Fund Solutions Group providing expertise across operations, risk, tax, finance, legal and compliance. Over a ten year period James was influential in the launch and growth of the Merrill Lynch Investment Solutions UCITS platform and
Hedge fund performance was mixed across strategies in May, according to the latest date released by Lyxor, with Event Driven funds extending their winning streak, while Macro strategies underperformed on the back of long positions on the USD and hard commodities. The other hedge fund strategies delivered positive returns.   Merger Arbitrage managers outperformed Special Situations in May. A number of M&A deal positions paid off as spreads narrowed. That included investments on NXP Semiconductors, Straight Path Communication and Syngenta to name a few. On the Special Situations side, the strong earnings season bolstered returns for several core positions such as
Investment research platform ResearchPool has launched an MiFID II solution for investment firms to manage budget, spending, consume and evaluate research, named Tool for Research Usage and Evaluation (TRUE). TRUE aims to enable investment firms to easily manage and control research spending and usage by investment strategy, portfolio/portfolio manager and provider/analyst.     Compliant with MiFID II obligations, TRUE provides a single point to manage budgets and spending funded by P&L and/or Research Payment Accounts (RPAs), and includes pre-funded accounts for flexibility. Additionally, functionality provides tracking for research spending, usage and ratings purchased through the ResearchPool marketplace, as well as research contracted directly
Broadridge Financial Solutions is to add MSCI ESG Research’s ESG Fund Metrics to its Global Market Intelligence, a platform for domestic and cross-border fund data and analytics. Under the agreement, key MSCI ESG Fund Metrics will be available on the platform to provide an increased level of transparency on the environmental, social and governance (ESG) quality and characteristics of over 26,000 mutual funds and ETFs covered by MSCI ESG Research.   Global Market Intelligence, which provides detailed information on 80,000 mutual funds and ETFs globally, will incorporate the ESG quality scores, sustainable impact, carbon intensity metric and value alignment scores
US Bank has appointed Kevin Weeks (pictured), as head of global sales for its corporate and institutional trust services division. Weeks most recently served as head of Issuer Services for Deutsche Bank, and prior to that as global head of sales for Institutional Cash & Securities Services at Deutsche Bank. He is based in New York and will lead an experienced team of corporate trust and custody business development professionals in the United States and Europe.   “Kevin is an experienced leader in the securities services industry with a tremendous understanding and appreciation for this complex business and what clients
State Street Corporation has received approval from the UK’s Financial Conduct Authority (FCA) to operate its FX Connect and Currenex platforms as multi-lateral trading facilities (MTFs) for foreign exchange within the jurisdiction of MiFID II. Both platforms will now operate as MTFs and be upgraded to be compliant with MIFID II upon implementation in January 2018.   For institutions that fall under the MiFID II regime, “financial instruments”1 can only be traded on the new MTFs; however, the operators of Currenex and FX Connect located outside of MIFID II’s jurisdiction (Currenex Inc and FX Connect LLC respectively) will not be
Indus Valley Partners (IVP), a provider of services and solutions to alternative asset managers, has launched a new regulatory filing service for the Markets in Financial Instruments Directive II (MiFID II). The new service forms part of the overall regulatory reporting platform known as IVP RAPTOR.   MiFID II will be taking effect on 3 January, 2018 and will have ramifications across asset classes, systems, data and processes for any financial institution that trades in European financial markets. By using IVP RAPTOR Managed Services for MiFID II, asset managers can achieve a seamless and efficient transition to MiFID II compliant
LiquidityBook has appointed Nicholas Thompson (pictured), as Manager, Client Services – EMEA, on the back of increased demand for the POEMS (portfolio, order and execution management system) platform from European fund managers. Thompson (pictured) will be responsible for leading the firm’s London team and overseeing all service and deployment aspects for its expanding client base in the region. The appointment comes just a month after LiquidityBook tapped Les Vital to lead its Technical Sales team.   Thompson joins from Eze Software Group, where he was Senior Client Engagement Manager for EMEA and was responsible for product implementation across the region.

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