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MSCI has launched two new ESG indexes, the MSCI Japan Empowering Women Index (WIN) and the MSCI Japan ESG Select Leaders Index.
The Government Pension Investment Fund for Japan (GPIF), one of the world’s largest pension funds, has selected these innovative MSCI indexes as benchmarks for their ESG investment strategy. This reflects the growing use of MSCI ESG indexes globally as part of institutional investors’ investment processes.
Recent research has suggested that greater participation of women in the workforce may have benefits for the Japanese economy. As a result, the Japanese government has set out explicit goals to encourage women’s
- 03/07/2017
Barclays has launched the Barclays Merger Arbitrage US Index Family, a new addition to the Barclays range of Quantitative Investment Strategies.
Barclays launched its first Merger Arbitrage indices in 2010. The addition of the new index family will allow investors to access potential returns from the successful completion of announced merger deals in the US.
The index aims to invest in a wide array of deals in the US and capture the deal spread between the price of the merger target shares and the terms of the deal. It takes a long position in the target company of the merger
- 30/06/2017
The US CFTC has entered into non-prosecution agreements with the former Citigroup Global Markets traders – Jeremy Lao of New York, New York, Daniel Liao (of Minato-Ku, Japan, and Shlomo Salant of New York, New York.
In their non-prosecution agreements, Lao, Liao, and Salant each admits that he engaged in the unlawful disruptive trade practice of “spoofing” (bidding or offering with the intent to cancel the bid or offer before execution) in US Treasury futures markets while trading for Citigroup Global Markets Inc. (Citigroup) in 2011 and 2012. The non-prosecution agreements emphasize Lao’s, Liao’s, and Salant’s timely and substantial cooperation,
- 30/06/2017
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
- 30/06/2017
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
- 30/06/2017
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
- 30/06/2017
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
- 30/06/2017
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,
- 30/06/2017
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
- 30/06/2017
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
- 29/06/2017
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